14/9/2023 Rating announcement EN
Scope affirms BB-/Stable issuer rating of Metál Hungária Holding Zrt.
The affirmation is driven by the issuer’s solid position in a niche segment showing near-term revenue growth, which is keeping credit metrics strong despite a slowing global construction industry and unsupportive macroeconomic outlook.
12/9/2022 Rating announcement EN
Scope upgrades issuer rating of Metál Hungária Holding Zrt. to BB-/Stable from B+/Positive
The upgrade is driven by the company’s solid market position in its niche that shows near-term revenue growth helping to keep credit metrics at current healthy levels despite impending headwinds including an unsupportive macroeconomic outlook.
4/10/2021 Rating announcement EN
Scope revises Outlook on B+ issuer rating of Metál Hungária Holding Zrt. to Positive
The Outlook change is driven by the company’s resilient operations in 2020, thanks to the competitive advantage afforded by functioning supply chains, and with significant growth forecasted for 2021/22 keeping cash flow and credit metrics stable.
30/9/2020 Monitoring note EN
Scope completes monitoring review on Metál Hungária Holding Zrt.
No impact on senior unsecured debt rating from managment's intention to gain more flexibility on use of bond proceeds.
30/3/2020 Rating announcement EN
Scope assigns Metál Hungária Holding Zrt. a first-time issuer rating of B+ with a Stable Outlook
The rating is driven by the company's strong position in the fragmented Hungarian construction market. Constraints include weak geographical diversification and the anticipated increase in leverage to finance working capital and capex.