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      Instrument data
      Issuer
      HOERMANN INDUSTRIES GMBH
      Senority
      Senior Unsecured
      Currency
      EUR
      ISIN
      NO0012938325
      Coupon percent
      7%
      Coupon type
      Fixed:Plain Vanilla Fixed Coupon
      Instrument volume
      50,000,000
      Maturity date
      11/07/2028
      -
      BB Outlook: None
      BB Outlook: None
      Latest change
      Affirmed
      28/03/2024
      General information
      Rating
      Public
      Solicited
      With issuer participation
      UK endorsed
      EU Rated
      Gennadij Kremer Lead analyst
      Sebastian Zank Committee chair
      Scope affirms BB/Stable issuer rating on Hörmann Industries GmbH

      28/3/2024 Rating announcement EN

      Scope affirms BB/Stable issuer rating on Hörmann Industries GmbH

      A good financial risk profile, a diversified product portfolio and the good market position of Funkwerk support the rating. Low profitability, a weak position in automotive, the customer and end-market concentration and volatile FOCF are constraints.

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      Scope assigns first-time issuer rating of BB/Stable to Hörmann Industries GmbH

      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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      Date Title