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      Instrument data
      Senority
      Senior Unsecured
      Currency
      USD
      ISIN
      GE2700604335
      Coupon percent
      8.5%
      Coupon type
      Fixed
      Instrument volume
      20,000,000
      Maturity date
      28/04/2025
      -
      BB- Outlook: None
      BB- Outlook: None
      Latest change
      Affirmed
      17/09/2024
      General information
      Rating
      Public
      Solicited
      With issuer participation
      UK endorsed
      EU Rated
      Claudia Aquino Lead analyst
      Thomas Faeh Committee chair
      Scope affirms Tegeta Motors’ BB- issuer rating and revises the Outlook to Negative from Stable

      17/9/2024 Rating announcement EN

      Scope affirms Tegeta Motors’ BB- issuer rating and revises the Outlook to Negative from Stable

      The Outlook change reflects weakening credit metrics in 2024 and a deteriorating capital structure with increased short-term exposure to capital market debt leading to recurring maturity walls.

      Scope affirms BB- issuer rating of Tegeta Motors LLC, revises Outlook to Stable from Negative

      4/10/2023 Rating announcement EN

      Scope affirms BB- issuer rating of Tegeta Motors LLC, revises Outlook to Stable from Negative

      The Outlook change reflects resilient credit metrics, which after deteriorating in 2022, are recovering thanks to a strong operating performance.

      Date Title