17/11/2023 Rating announcement EN
Scope affirms the B/Stable issuer rating on Reneszánsz Zrt
The affirmation is driven by stable operating profitability, a strong order book and liquidity remaining adequate despite negative free operating cash flow due to increasing working capital needs.
16/11/2022 Rating announcement EN
Scope affirms the B/Stable issuer rating of Reneszánsz Zrt
The affirmation is driven by the strong order book, resilient interest cover despite the lower operating profitability and adequate liquidity with the recent capital injection providing additional unrestricted cash buffer.
17/12/2021 Monitoring note EN
Scope has completed a monitoring review for Reneszánsz Kőfaragó Zrt.
Scope has taken no action on the ratings of Reneszánsz Kőfaragó Zrt. The decision incorporates a robust order backlog, but also considers delays in capital investments.
29/1/2021 Rating announcement EN
Scope assigns B/Stable issuer rating to Reneszánsz Kőfaragó Zrt.
The ratings are primarily driven by the company's market position and access to high-quality limestone with close proximity to customers but constrained by its small absolute size, below-average profitability and weak free operating cash flow generation.