Announcements

    Drinks

      Scope upgrades Zalaco’s issuer rating to BB- with Stable Outlook

      1/3/2024 Rating announcement EN

      Scope upgrades Zalaco’s issuer rating to BB- with Stable Outlook

      The upgrade reflects faster-than-expected deleveraging driven by solid operating performance.

      Scope affirms B+ issuer rating on Zalaco, revises Outlook to Positive from Stable

      2/3/2023 Rating announcement EN

      Scope affirms B+ issuer rating on Zalaco, revises Outlook to Positive from Stable

      The Outlook change reflects the faster-than-expected deleveraging driven by the sound operating performance.

      Scope affirms B+ issuer rating on Zalaco, revises Outlook to Stable from Positive

      7/3/2022 Rating announcement EN

      Scope affirms B+ issuer rating on Zalaco, revises Outlook to Stable from Positive

      The rating benefits from the issuer’s underlying low industry risk and comfortable profitability but is constrained by its limited scale and high customer concentration. The Outlook change reflects the expectation of a delayed deleveraging expectations.

      Scope assigns B+/Stable issuer rating to Zalaco Sütőipari Zrt.

      24/4/2020 Rating announcement EN

      Scope assigns B+/Stable issuer rating to Zalaco Sütőipari Zrt.

      The issuer rating of B+ reflects Zalaco’s robust, solid profitability and well-established business operations in western Hungary, but is constrained by small scale, limited diversification and high leverage.