The rating affirmation is driven by the group’s leading positions in CEE and consistently high margins while being constrained by its small size, limited diversification and volatile cash flow cover.

The rating affirmation is driven by the group’s leading position in the CEE and consistently high margins while constrained by its small size, modest diversification and volatile cash flow cover.

The rating is driven by the group’s leading positions in its relevant markets and its highly profitable business model. Its small size, modest diversification and volatile cash flow cover constrain the rating.