19/12/2023 Rating announcement EN
Scope affirms Hell Energy’s B+ rating and revises Outlook to Positive
The Positive Outlook reflects the start of deleveraging following a heavy investment phase and the improving margins after an expansionary strategy in an inflationary environment.
18/4/2023 Rating announcement EN
Scope affirms Hell Energy’s B+/Stable issuer rating
The affirmation reflects resilient preliminary operating results in 2022 that balanced increased working capital financing needs. Leverage remains high due to the ongoing debt-funded investment plan that the company is executing to boost output.
7/7/2022 Rating announcement EN
Scope affirms Hell Energy’s B+/Stable rating
The rating action reflects strong operating cash flow and increased leverage in line with the rating case due to a debt-funded investment plan that the company started implementing to boost output.
20/7/2021 Rating announcement EN
Scope downgrades issuer rating of Hell Energy Magyarország Kft to B+/Stable from BB/Stable
The rating action reflects higher leverage due to the largely debt-funded investment plan that the company will implement between 2021-2023.
8/11/2019 Rating announcement EN
Scope assigns first-time issuer rating of BB to Hell Energy Magyarország Kft.
Scope has assigned a BB first-time issuer rating to Hungarian company Hell Energy. Senior unsecured debt is also rated BB. The Outlook on the issuer rating is Stable.