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      Instrument data
      Issuer
      WINGHOLDING Zrt.
      Senority
      Senior Unsecured
      Currency
      EUR
      ISIN
      HU0000363734
      Coupon percent
      8.9%
      Coupon type
      Fixed
      Instrument volume
      35,000,000
      Maturity date
      02/04/2027
      -
      B+ Outlook: None
      B+ Outlook: None
      Latest change
      Affirmed
      05/07/2024
      General information
      Rating
      Public
      Unsolicited
      With issuer participation
      UK endorsed
      EU Rated
      Fayçal Abdellouche Lead analyst
      Philipp Wass Committee chair
      Scope affirms B+/Negative issuer rating on Wingholding Zrt.

      5/7/2024 Rating announcement EN

      Scope affirms B+/Negative issuer rating on Wingholding Zrt.

      The affirmation reflects Wing’s successful pipeline execution and refinancing of the 2024 bond maturities. The Negative Outlook continues to reflect the limited headroom left by current credit metrics.

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      Scope affirms B+ issuer rating of Wingholding Zrt. and revises the Outlook to Negative

      27/12/2023 Rating announcement EN

      Scope affirms B+ issuer rating of Wingholding Zrt. and revises the Outlook to Negative

      The Outlook change reflects the increasing leverage and declining interest cover amid an unsupportive business environment for real estate developers. Current credit metrics leave limited headroom to offset earnings volatility.

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