Announcements

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      Instrument data
      Senority
      Senior Unsecured
      Currency
      HUF
      ISIN
      HU0000359112
      Coupon percent
      2.4%
      Coupon type
      Fixed
      Instrument volume
      15,000,000,000
      Maturity date
      18/09/2029
      -
      BB Outlook: None
      BB Outlook: None
      Latest change
      Downgrade
      21/02/2024
      General information
      Rating
      Public
      Unsolicited
      With issuer participation
      UK endorsed
      EU Rated
      Eugenio Piliego Lead analyst
      Olaf Tölke Committee chair
      Scope downgrades Pannonia Bio’s issuer rating to BB and maintains the Negative Outlook

      21/2/2024 Rating announcement EN

      Scope downgrades Pannonia Bio’s issuer rating to BB and maintains the Negative Outlook

      The rating action is mainly driven by weaker credit metrics affected by a challenging market environment.

      Scope affirms Pannonia Bio’s BB+ issuer rating, changes Outlook to Negative

      19/5/2023 Rating announcement EN

      Scope affirms Pannonia Bio’s BB+ issuer rating, changes Outlook to Negative

      The Negative Outlook is driven by the risk of weak ethanol margins for a prolonged period.

      Scope affirms BB+/Stable issuer rating on Pannonia Bio Zrt.

      27/5/2022 Rating announcement EN

      Scope affirms BB+/Stable issuer rating on Pannonia Bio Zrt.

      The rating action reflects Scope’s view of the company’s resilient operating performance and only moderate increase in leverage amid a large investment programme.

      Scope affirms Pannonia Bio's BB+/Stable issuer rating and downgrades senior unsecured debt to BB+

      2/7/2021 Rating announcement EN

      Scope affirms Pannonia Bio's BB+/Stable issuer rating and downgrades senior unsecured debt to BB+

      The affirmation of the issuer rating reflects Scope’s view of the chemical company’s resilient operating performance and only temporary increase in leverage. The downgrade is driven by the average expected recovery for senior unsecured debt.

      Scope affirms Pannonia Bio's BB+/Stable issuer rating and upgrades senior unsecured debt to BBB-

      9/7/2020 Rating announcement EN

      Scope affirms Pannonia Bio's BB+/Stable issuer rating and upgrades senior unsecured debt to BBB-

      The rating actions reflect Scope’s view that the planned bond issuance will have a limited impact on the issuer's credit metrics while improving the expected recovery of its senior unsecured debt.

      Scope affirms BB+/Stable issuer credit rating on Hungary-based Pannonia Bio Zrt.

      24/6/2020 Rating announcement EN

      Scope affirms BB+/Stable issuer credit rating on Hungary-based Pannonia Bio Zrt.

      The affirmation is driven by Scope’s view that the Covid-19 pandemic will have a limited impact on the issuer's operations and credit metrics.

      Scope affirms and publishes BB+/Stable issuer credit rating of Hungary-based Pannonia Bio Zrt.

      2/9/2019 Rating announcement EN

      Scope affirms and publishes BB+/Stable issuer credit rating of Hungary-based Pannonia Bio Zrt.

      The rating mainly reflects the company’s exposure to volatile commodities and weak diversification, on the one hand, and solid profitability and a strong financial risk profile relative to the business risk profile, on the other.

      Date Title