Announcements
Drinks
Instrument data
Issuer
Senority
Senior Unsecured
Currency
EUR
ISIN
NO0010851728
Coupon percent
4.5%
Coupon type
Fixed:Plain Vanilla Fixed Coupon
Instrument volume
50,000,000
Maturity date
06/06/2024
-
WD
Outlook:
N/A
WD
Latest change
Withdrawal
28/03/2024
General information
Rating
Public
Solicited
With issuer participation
UK endorsed
EU Rated
Withdrawal reason: end of maturity of the debt obligation, or in case the debt is redeemed, called, prefunded, cancelled
Gennadij Kremer
Lead analyst
Sebastian Zank
Committee chair
28/3/2023 Rating announcement EN
Scope assigns first-time issuer rating of BB/Stable to Hörmann Industries GmbH
A good financial risk profile, a diversified product portfolio and the good market position of subsidiary Funkwerk support the rating. Low profitability, a weak position in automotive and the customer and end-market concentration constrain the rating.
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