Announcements
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![Scope affirms Stavmat’s B+ issuer rating and changes Outlook to Stable from Positive](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_f629b7a0768c2a98cf7a2f952b8938eef74e915f658de2c15bcd59fc12fed69f.jpg)
13/4/2023 Rating announcement EN
Scope affirms Stavmat’s B+ issuer rating and changes Outlook to Stable from Positive
The changed Outlook reflects Scope’s view that Stavmat’s financial policy has not become less aggressive following its announcement of a new business plan involving further site acquisitions financed mostly by a HUF 3.2bn loan.
![Scope assigns first-time issuer rating of B+/Stable to Hungarian wholesaler Stavmat Zrt.](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_aa74504dd4dade790056c4e3aedb614f7d01edec84a8ff080c56c2de1ae729a1.jpg)
21/5/2021 Rating announcement EN
Scope assigns first-time issuer rating of B+/Stable to Hungarian wholesaler Stavmat Zrt.
The rating reflects the limited size and diversification, dependent on the local construction business cycle. However, a leading local market position, solid liquidity and adequate financial metrics amid the planned bond issuance are credit strengths.