Announcements

    Drinks

      Scope affirms GOPD’s issuer rating at B-, maintains the Negative Outlook

      17/10/2025 Rating announcement EN

      Scope affirms GOPD’s issuer rating at B-, maintains the Negative Outlook

      The affirmation reflects expected 2025 credit metric improvements from subsidiary SunDell project handovers. The Negative Outlook remains due to GOPD’s ongoing liquidity risks tied to its dependence on upstreamed dividends from SunDell.

      Scope downgrades GOPD’s issuer rating to B- from B and maintains the Negative Outlook

      17/10/2024 Rating announcement EN

      Scope downgrades GOPD’s issuer rating to B- from B and maintains the Negative Outlook

      The downgrade is based on the sustained deterioration of credit metrics and liquidity with increased reliance on dividend cash flows from subsidiary SunDell Estate Nyrt.

      Scope affirms B issuer rating on GOPD Nyrt, changes Outlook to Negative

      17/10/2023 Rating announcement EN

      Scope affirms B issuer rating on GOPD Nyrt, changes Outlook to Negative

      Additional contracted debt and increased development costs are causing a significant deterioration of the financial risk profile, whereas pre-sales providing a backlog of above one year supports the rating.

      Scope affirms B/Stable issuer rating on Hungarian real estate developer GOPD Nyrt.

      25/10/2022 Rating announcement EN

      Scope affirms B/Stable issuer rating on Hungarian real estate developer GOPD Nyrt.

      The ratings are primarily driven by the dependence on subsidiary SunDell Estate Nyrt. The moderate leverage benefits the rating while the lack of recurring revenues and the concentrated project pipeline are constraints.

      Scope assigns B/Stable issuer rating to Hungarian real estate developer GOPD Nyrt.

      3/11/2021 Rating announcement EN

      Scope assigns B/Stable issuer rating to Hungarian real estate developer GOPD Nyrt.

      The ratings are primarily driven by the company’s dependence on its subsidiary, SunDell Estate Nyrt., and its moderate leverage. The lack of recurring revenues and the concentrated project pipeline are rating constraints.