Announcements
Drinks
28/11/2023 Rating announcement EN
Scope places ITK Holding’s BB- issuer rating under review for a possible upgrade
The rating’s placement under review reflects the recently announced change in shareholder structure, with Hungarian oil and gas company MOL Group advancing towards full control of ITK Holding.
13/4/2023 Rating announcement EN
Scope affirms ITK’s issuer rating of BB-, Stable Outlook
Deleveraging capacity remains, but improvement is delayed due to 2022 macroeconomic challenges and continued, high levels of investment in transportation services and newer operations as a higher value-added vehicle manufacturer and general distributor.
20/4/2022 Monitoring note EN
Scope has completed a monitoring review for ITK Holding Zrt.
Scope takes no action on ratings for ITK Holding Zrt. as it expects the company to further pursue its growth strategy with support from majority shareholder MOL Group and with financial leverage in line with previous expectations.
14/4/2021 Rating announcement EN
Scope rates transportation service provider and vehicle manufacturer ITK Holding Zrt. BB-/Stable
The rating reflects very high leverage and risks in the new higher value-added vehicle manufacturing operations, balanced by stable transportation and business services and strong backing from the majority shareholder MOL Group.