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      Instrument data
      Issuer
      Hunland-Trade Kft.
      Senority
      Senior Unsecured
      Currency
      HUF
      ISIN
      HU0000360680
      Coupon percent
      2.88%
      Coupon type
      Fixed
      Instrument volume
      22,000,000,000
      Maturity date
      21/07/2031
      -
      BB- Outlook: None
      BB- Outlook: None
      Latest change
      Upgrade
      14/12/2023
      General information
      Rating
      Public
      Unsolicited
      With issuer participation
      UK endorsed
      EU Rated
      Istvan Braun Lead analyst
      Sebastian Zank Committee chair
      Scope upgrades Hunland Trade Kft's issuer rating to BB-/Stable from B+/Positive

      14/12/2023 Rating announcement EN

      Scope upgrades Hunland Trade Kft's issuer rating to BB-/Stable from B+/Positive

      The upgrade on Hungary's leading livestock exporter is supported by the improvement in debt protection thanks to the implementation of cross-currency interest rate swaps in 2022.

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      Scope affirms Hunland Trade Kft's issuer rating at B+ and revises Outlook to Positive

      23/12/2022 Rating announcement EN

      Scope affirms Hunland Trade Kft's issuer rating at B+ and revises Outlook to Positive

      The Outlook change on Hungary's leading livestock exporter is supported by the expected improvement in debt protection thanks to the progressive implementation of cross-currency interest rate swaps during 2022.

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      Scope affirms Hunland Trade Kft's issuer rating at B+/Stable

      2/2/2022 Rating announcement EN

      Scope affirms Hunland Trade Kft's issuer rating at B+/Stable

      The credit rating remains supported by the issuer's status as Hungary's leading livestock exporter, but is still constrained by its high expected leverage and low profitability.

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      Scope rates Hunland Trade Kft.'s guaranteed bond at B+

      13/7/2021 Rating announcement EN

      Scope rates Hunland Trade Kft.'s guaranteed bond at B+

      The bond is issued under the Hungarian National Bank's Bond Funding for Growth Scheme.

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      Scope withdraws (P) B+ rating on Hunland Trade's HUF 22bn guaranteed bond assigned on 25 Feb 2021

      13/7/2021 Rating announcement EN

      Scope withdraws (P) B+ rating on Hunland Trade's HUF 22bn guaranteed bond assigned on 25 Feb 2021

      The rating action was driven by modifications to the final bond prospectus.

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      Scope assigns B+/Stable first-time issuer rating to Hungarian agribusiness company Hunland Trade Kft

      25/2/2021 Rating announcement EN

      Scope assigns B+/Stable first-time issuer rating to Hungarian agribusiness company Hunland Trade Kft

      The credit rating is supported by the issuer's status as Hungary's leading livestock exporter, but constrained by its high expected leverage and low, decreasing profitability.

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