28/3/2024 Rating announcement EN
Scope affirms BB/Stable issuer rating on Hörmann Industries GmbH
A good financial risk profile, a diversified product portfolio and the good market position of Funkwerk support the rating. Low profitability, a weak position in automotive, the customer and end-market concentration and volatile FOCF are constraints.
27/3/2024 Rating announcement EN
Scope downgrades Nitrogenmuvek to B from BB-, places it under review for possible downgrade
The action follows rapid credit metric deterioration amid operational disruptions and concerns about refinancing a EUR 200m bond in May 2025. The under-review status signals further short-term rating pressure due to potential liquidity constraints.
25/3/2024 Rating announcement EN
Scope affirms Opus Tigáz’s BBB- issuer rating and revises the Outlook to Positive from Stable
The revised Outlook reflects Scope's view that the leverage could support a higher rating, driven by tariff increases, lower costs for grid losses and cash-funded bond amortisation. Still, this is subject to the final shape of the new regulatory period.
22/3/2024 Rating announcement EN
Scope assigns SD to IB Invest; reinstates C rating and places it under review for possible upgrade
Scope assigned Ilija Batljan Invest an issuer rating of SD and a senior unsecured bond rating of D, following a bond restructuring. Subsequently, the issuer and senior unsecured bond ratings were reinstated at C, placed under review for a possible upgrade
14/3/2024 Rating announcement EN
Scope affirms Envien’s issuer rating at BB/Stable, downgrades senior unsecured bond rating to BB-
The downgrade on the bond rating reflects the change in recovery assessment on higher bank debt. The issuer rating is derived from the rating of the guarantor parent, Envien International Ltd, and reflects deteriorated yet still good credit metrics.
8/3/2024 Rating announcement EN
Scope withdraws Alfa Equity Holding Kft.’s credit rating due to insufficient information
The withdrawal reflects continued uncertainty about the future of the partially finished HA11ER 1 development and an unpredictable business strategy. Due to nonreliable, insufficient, and inaccurate information, the agency is unable to uphold its rating.