Announcements
Drinks
17/11/2022 Rating announcement EN
Scope downgrades Vajda-Papír to B with Negative Outlook
A deterioration in the financial risk profile drives the rating action as rising prices for cellulose and energy have weakened operational profitability and caused an increased need for working capital financing, negatively impacting credit metrics.
13/10/2020 Rating announcement EN
Scope changes Outlook on Vajda Papír's B+ issuer rating to Stable from Positive
The Outlook change is primarily driven by the already delayed refinancing and anticipated acceleration of Phase II investment plans. Improvements in sales volumes and operations during 2020 are factors supporting the rating.
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