Announcements

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      Instrument data
      Issuer
      "AXIÁL" Kft.
      Senority
      Senior Unsecured
      Currency
      HUF
      ISIN
      HU0000359930
      Coupon percent
      2%
      Coupon type
      Fixed
      Instrument volume
      15,000,000,000
      Maturity date
      23/09/2030
      -
      BB+ Outlook: None
      BB+ Outlook: None
      Latest change
      Affirmed
      15/05/2023
      General information
      Rating
      Public
      Unsolicited
      With issuer participation
      UK endorsed
      EU Rated
      Anne Grammatico Lead analyst
      Philipp Wass Committee chair
      Scope affirms AXIÁL’s BB/Stable issuer rating

      15/5/2023 Rating announcement EN

      Scope affirms AXIÁL’s BB/Stable issuer rating

      The credit rating remains supported by the issuer's status as a top three agricultural machinery dealer in Hungary and its good credit metrics.

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      Scope affirms AXIÁL’s BB/Stable rating

      16/5/2022 Rating announcement EN

      Scope affirms AXIÁL’s BB/Stable rating

      The credit rating remains supported by the issuer's status as a top three agricultural machinery dealer in Hungary and its good credit metrics. Its small scale and lack of geographical diversification compared to European peers constrain the rating.

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      Scope upgrades AXIÁL’s issuer rating to BB/Stable from BB-

      14/6/2021 Rating announcement EN

      Scope upgrades AXIÁL’s issuer rating to BB/Stable from BB-

      The application of Scope’s new rating methodology has led to a stronger business risk profile assessment for AXIÁL and the rating upgrade.

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      Scope places AXIÁL’s issuer rating of BB- under review for a possible upgrade

      25/3/2021 Rating announcement EN

      Scope places AXIÁL’s issuer rating of BB- under review for a possible upgrade

      The rating action follows the publication of Scope’s new Rating Methodology: Retail and Wholesale Corporates.

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      Scope assigns a BB-/Stable first-time issuer rating to Hungarian company AXIÁL Kft.

      9/6/2020 Rating announcement EN

      Scope assigns a BB-/Stable first-time issuer rating to Hungarian company AXIÁL Kft.

      AXIÁL's credit rating is supported by its status as a top-three agricultural machinery dealer in Hungary and its good credit metrics, but constrained by its small scale and lack of geographical diversification compared to European peers.

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