Announcements
Drinks
Instrument data
Issuer
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
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.
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