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![Scope downgrades Futureal’s issuer rating to BB- from BB and maintains Negative Outlook.](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_d5d9195745e07f6d1140bae2ea188a4e549ffc8134080cac23e951a339497c82.jpg)
8/12/2023 Rating announcement EN
Scope downgrades Futureal’s issuer rating to BB- from BB and maintains Negative Outlook.
The rating action reflects increased leverage and a low interest coverage ratio, which put pressure on the financial risk profile. Current credit metrics leave limited headroom given high inflation and a high interest rate environment.
![Scope affirms BB rating of Futureal Development Holding Kft., changing Outlook to Negative](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_cf7b66aa4e118dfbc6efab0380000fa66c6bb266ff3d3b67d4d8dcd49c66c0a1.jpg)
4/11/2022 Rating announcement EN
Scope affirms BB rating of Futureal Development Holding Kft., changing Outlook to Negative
The affirmation follows the company’s refocusing on a develop-to-hold strategy and its successful execution thus far, providing more stable rental cash flows, while the Outlook reflects the low interest cover in the current market environment