Announcements
Drinks

1/4/2025 Rating announcement EN
Scope affirms Hungarian food producer Tranzit’s issuer rating at BB- and revises Outlook to Negative
The Outlook change reflects the continued deterioration of operating profitability in 2024, and the uncertainties surrounding medium-term cash generation, which is highly exposed to shifts in the market environment.

1/4/2025 Monitoring note EN
No rating impact on Leviticus SPV S.r.l. after amendments to transaction documents - Italian NPL ABS
Scope Ratings GmbH (Scope) announces that certain amendments to the transaction documents will not, in and of themselves, result in a Rating Action or withdrawal of the current rating of the class A notes issued by Leviticus SPV S.r.l.

31/3/2025 Rating announcement EN
Scope affirms BB/Stable issuer rating on Germany’s Hörmann Industries GmbH
A good financial risk profile and solid position in some market niches support the rating. A weak position in Automotive, high dependence on Funkwerk, customer and end-market concentration, and volatile free operating cash flow are constraints.

28/3/2025 Rating announcement EN
Scope affirms United Kingdom's AA long-term ratings and maintains a Stable Outlook
Sterling's reserve-currency status, deep capital markets, a robust international framework and large and diversified economy support the ratings. Rising public debt, elevated financing costs, and a weak external sector are challenges.