19/2/2024 Rating announcement EN
Scope Ratings has affirmed the B+/Stable issuer rating of Biggeorge Property Nyrt.
The affirmation is driven by BGP's solid credit metrics, adequate cash flow visibility, and an expected recovery in the macroeconomic conditions in Hungary in the second half of 2024.
17/2/2023 Rating announcement EN
Scope has today affirmed Biggeorge’s B+/Stable issuer rating
The rating action is driven by the resilience of near-term cash generation despite deterioration of the overall macro-economic environment.
8/2/2022 Rating announcement EN
Scope assigns first-time issuer rating of B+/Stable to Biggeorge Property Zrt.
The rating reflects Biggeorge Property's position as top development service provider for residential property in Hungary with a good performance track record. The rating is constrained by limited diversification, development risk and financial leverage.