Announcements

    Drinks

      Scope downgrades Deutsche Konsum’s issuer rating to B under review for a developing outcome

      30/11/2023 Rating announcement EN

      Scope downgrades Deutsche Konsum’s issuer rating to B under review for a developing outcome

      The rating downgrade reflects DKR’s recent announcement of significant write-downs on property values and shareholder loans, impairing both credit metrics and upcoming refinancings.

      Scope affirms Sunnhordland Kraftlag AS' issuer rating at BBB+; changes Outlook to Positive

      29/11/2023 Rating announcement EN

      Scope affirms Sunnhordland Kraftlag AS' issuer rating at BBB+; changes Outlook to Positive

      The Positive Outlook is driven by the possibility of a very strong credit metrics until 2025, as power prices in the NO2 price region are expected to remain higher than historical levels for the foreseeable future.

      Scope places ITK Holding’s BB- issuer rating under review for a possible upgrade

      28/11/2023 Rating announcement EN

      Scope places ITK Holding’s BB- issuer rating under review for a possible upgrade

      The rating’s placement under review reflects the recently announced change in shareholder structure, with Hungarian oil and gas company MOL Group advancing towards full control of ITK Holding.

      Scope withdraws ratings on Veritasi Homes & Properties Ltd

      23/11/2023 Rating announcement EN

      Scope withdraws ratings on Veritasi Homes & Properties Ltd

      The withdrawal follows Scope’s decision to cease analytical coverage due to business reasons.

      Tender offer of Samhällsbyggnadsbolaget i Norden AB

      21/11/2023 Monitoring note EN

      Tender offer of Samhällsbyggnadsbolaget i Norden AB

      Scope understands that purchases under the tender offer will be done without curtailing the liquidity needed to address upcoming maturities.

      Scope assigns BBB+/Stable first-time rating to Vardar

      21/11/2023 Rating announcement EN

      Scope assigns BBB+/Stable first-time rating to Vardar

      The rating reflects the company’s low-cost and environmentally friendly power generation, and its robust dividend income from a 12.91% ownership in Å Energi. It also reflects a good financial profile and status as a government-related entity.

      Mercedes-Benz Japan Co. Ltd ratings withdrawn; new rating for Mercedes-Benz Finance Co., Ltd

      20/11/2023 Rating announcement EN

      Mercedes-Benz Japan Co. Ltd ratings withdrawn; new rating for Mercedes-Benz Finance Co., Ltd

      The new rating reflects the unconditional and irrevocable guarantee provided by the parent company Mercedes-Benz Group AG.

      Scope upgrades MET HSP’s issuer rating to B+/Stable from B/Positive

      20/11/2023 Rating announcement EN

      Scope upgrades MET HSP’s issuer rating to B+/Stable from B/Positive

      The rating action follows dispelled concerns about covenant compliance in FY 2023 after a re-definition of the debt service coverage ratio covenant and the execution of a waiver by debtholders.

      Updated analytical report on Duna House Holding Nyrt.

      17/11/2023 Monitoring note EN

      Updated analytical report on Duna House Holding Nyrt.

      Following the recent affirmation of the BB-/Stable issuer rating, Scope has updated its analytical report on Duna House Holding Nyrt.

      Scope affirms the B/Stable issuer rating on Reneszánsz Zrt

      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.