Announcements

    Drinks

      Instrument data
      Issuer
      Senority
      Senior Unsecured
      Currency
      HUF
      ISIN
      HU0000359765
      Coupon percent
      3.5%
      Coupon type
      Fixed
      Instrument volume
      4,400,000,000
      Maturity date
      24/07/2030
      -
      BB- Outlook: None
      BB- Outlook: None
      Latest change
      Affirmed
      02/03/2023
      General information
      Rating
      Public
      Unsolicited
      With issuer participation
      UK endorsed
      EU Rated
      Zurab Zedelashvili Lead analyst
      Olaf Tölke Committee chair
      Scope affirms B+ issuer rating on Zalaco, revises Outlook to Positive from Stable

      2/3/2023 Rating announcement EN

      Scope affirms B+ issuer rating on Zalaco, revises Outlook to Positive from Stable

      The Outlook change reflects the faster-than-expected deleveraging driven by the sound operating performance.

      Scope affirms B+ issuer rating on Zalaco, revises Outlook to Stable from Positive

      7/3/2022 Rating announcement EN

      Scope affirms B+ issuer rating on Zalaco, revises Outlook to Stable from Positive

      The rating benefits from the issuer’s underlying low industry risk and comfortable profitability but is constrained by its limited scale and high customer concentration. The Outlook change reflects the expectation of a delayed deleveraging expectations.

      Scope affirms B+ issuer rating of Zalaco, revises the Outlook to Positive from Stable

      8/4/2021 Rating announcement EN

      Scope affirms B+ issuer rating of Zalaco, revises the Outlook to Positive from Stable

      Issuer rating benefits from underlying industry, solid profitability and low leverage constrained by limited scale and high customer concentration. The Outlook change reflects anticipated lower-than-expected leverage going forward.

      Scope assigns B+/Stable issuer rating to Zalaco Sütőipari Zrt.

      24/4/2020 Rating announcement EN

      Scope assigns B+/Stable issuer rating to Zalaco Sütőipari Zrt.

      The issuer rating of B+ reflects Zalaco’s robust, solid profitability and well-established business operations in western Hungary, but is constrained by small scale, limited diversification and high leverage.

      Date Title