Announcements

    Drinks

      Scope affirms the issuer rating of ITK at BB-/Stable, resolving the under-review status

      24/5/2024 Rating announcement EN

      Scope affirms the issuer rating of ITK at BB-/Stable, resolving the under-review status

      The rating action is driven by the closer integration with MOL Group as a fully consolidated subsidiary, while credit metrics remain stressed.

      Scope has completed a monitoring review for ITK Holding Zrt.

      27/2/2024 Monitoring note EN

      Scope has completed a monitoring review for ITK Holding Zrt.

      The periodic review has resulted in no rating action.

      Scope places ITK Holding’s BB- issuer rating under review for a possible upgrade

      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.

      Scope affirms ITK’s issuer rating of BB-, Stable Outlook

      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.

      Scope has completed a monitoring review for ITK Holding Zrt.

      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.

      Scope rates transportation service provider and vehicle manufacturer ITK Holding Zrt. BB-/Stable

      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.