Announcements

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      Scope has completed a monitoring review on Futureal Development Holding Kft.

      12/7/2024 Monitoring note EN

      Scope has completed a monitoring review on Futureal Development Holding Kft.

      No action taken following the periodic review concluded on Futureal.

      Scope downgrades Futureal’s issuer rating to BB- from BB and maintains Negative Outlook.

      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 has completed a monitoring review on Futureal Development Holding Kft.

      20/2/2023 Monitoring note EN

      Scope has completed a monitoring review on Futureal Development Holding Kft.

      No impact on the senior unsecured debt rating from the EUR 125m of green bonds issued in a private placement.

      Scope affirms BB rating of Futureal Development Holding Kft., changing Outlook to Negative

      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

      Scope affirms BB/Stable issuer rating of Futureal Development Holding Kft.

      3/12/2021 Rating announcement EN

      Scope affirms BB/Stable issuer rating of Futureal Development Holding Kft.

      Scope affirms issuer and debt class ratings for Futureal after updated business plan that incorporates additional bond taps of up to HUF 32.3bn until year-end.

      Scope affirms BB/Stable issuer rating of Futureal Development Holding Kft.

      1/9/2021 Rating announcement EN

      Scope affirms BB/Stable issuer rating of Futureal Development Holding Kft.

      The ratings are primarily driven by the company's robust market position but remain constrained by increasing leverage and inherent development risks.

      Scope assigns BB/Stable issuer rating to Futureal Development Holding Kft.

      16/2/2021 Rating announcement EN

      Scope assigns BB/Stable issuer rating to Futureal Development Holding Kft.

      The ratings are primarily driven by the company's robust market position but are constrained by increasing leverage and inherent development risks.