5/12/2023 Rating announcement EN
Scope affirms Baromfi-Coop Kft’s issuer rating at BB- and raises Outlook to Positive
Significant expansion following heavy investment, coupled with deleveraging and a resilient business model, drive the Positive Outlook.
7/12/2022 Rating announcement EN
Scope affirms Baromfi-Coop Kft’s issuer rating of BB-/Stable
The affirmation reflects good navigation through the pandemic and rising input costs thereafter, with healthy profitability and an expansion of business with leverage kept under control.
13/12/2021 Rating announcement EN
Scope confirms Baromfi-Coop Kft’s issuer rating of BB-/Stable
The rating action reflects the changed investment strategy, higher-than-expected state subsidies, better-than-planned Q3 results and greater transparency and therefore visibility on the future business plan and capital structure.
16/9/2021 Rating announcement EN
Scope places Baromfi-Coop Kft’s issuer rating of BB- under review for a possible downgrade
The rating action reflects Baromfi-Coop’s changed investment strategy, resulting in uncertainty with regard to the company’s future business plan and capital structure.
2/7/2021 Rating announcement EN
Scope affirms Baromfi-Coop Kft. at BB-/Stable ahead of HUF 23bn senior unsecured green bond issuance
The rating reflects the company’s solid EBITDA margin and its position as the largest chicken-processing company in Hungary, its proven track record of expansion, and its resilience. The rating is constrained by weak diversification.