The rating action reflects improved earnings visibly and consistently strong credit metrics.

The upgrade follows Scope’s application of its updated chemicals rating methodology and recognition that the company's deleveraging strategy is bearing fruit.

The rating action follows the publication of Scope’s updated Retail and Wholesale Rating Methodology, which might have a negative rating impact.

The issuer rating continues to be supported by a strong financial risk profile. The company’s small size and portfolio liquidity are still constraints.

The Negative Outlook reflects the Hungarian security systems provider’s continued suboptimal execution of its plans and delays in using bond proceeds for their intended purpose, both of which could lead to a deterioration in its financial standing.

The rating benefits from Opus’ good financial risk profile despite some deterioration in credit metrics. High income concentration remains a constraint.

Following the recent rating action on Futureal Development Holding Kft on 4 July 2025, Scope has released an associated analytical report.

Following the recent rating action on Wingholding Zrt on 4 July 2025, Scope has released an associated analytical report.

Following the recent rating action on Vend Marketplaces ASA on 11 June 2025, Scope has released an associated analytical report.

The Outlook revision reflects the medium-term pressure on the EBITDA margin through high inflation in Hungary and the company’s shareholder-friendly policies.