The rating reflects Kodar’s solid track record with major state-owned clients but is constrained by its small scale, high customer concentration, and the expected rise in leverage following the execution of two renewable-power-plant projects.

EUR 2.1bn coatings acquisition along with other deals, full details of which are yet to be announced, points to higher leverage; but credit neutral for Henkel’s ratings.

The rating reflects the issuer’s established position in the Serbian and Balkan apparel retail markets, and Scope’s expectation that the company will maintain credit metrics commensurate with the rating, despite its continued debt financed expansion.

Posten Bring’s improved profitability and stable market position in the Nordic region support the rating, despite its large capital investment programme leading to weak cash flow and forthcoming changes in government regulations.

The rating action reflects the potential negative impact of a disease outbreak on the issuer`s credit profile.

The rating reflects the low-risk water concessions business and strong financial risk profile. The company’s modest size, high emerging-markets exposure and concentrated portfolio are constraints, while a project delay is dampening profitability.

The affirmation reflects the issuer's strong financial risk profile and resilient credit metrics; its relatively small size and scope remain constraints.

Following the recent affirmation of the BB-/Stable issuer rating, Scope has updated its analytical report on 4iG Nyrt.

The affirmation reflects Biggeorge Property’s integrated real estate and fund management platform, strong pipeline and stable debt. Earnings are set to increase, while risks stem from cash flow volatility and concentration in Hungary.

The recent capital increase has stabilised the company's financial risk profile by significantly reducing LTV and increasing interest cover, leading to a change in Outlook to Stable from Negative.