The affirmation reflects Vöröskő’s resilient profitability and strong cash generation in an unfavourable macroeconomic environment, which has allowed financial metrics to remain robust.

The rating is supported by the higher-than-expected profitability despite macroeconomic pressures.

The upcoming issuance of senior unsecured debt does not alter the issuer’s rating case, with bond proceeds earmarked for capacity expansion.

The rating is supported by strong credit metrics despite relatively low profitability andd limited geographical reach.