9/8/2023 Rating announcement EN
Scope affirms B+ issuer rating on Bayer Construct Zrt. and changes Outlook to Stable from Negative
The improved Outlook reflects credit metrics that have remained well within Scope’s rating guidance and the robust order backlog providing visibility on future revenues amid an unsupportive Hungarian construction market.
4/8/2022 Rating announcement EN
Scope affirms B+ issuer rating of Bayer Construct Zrt. and revises Outlook to Negative
The Outlook change is driven by the risk that leverage remains high amid impending headwinds including higher input prices, a lower order intake and an unsupportive macroeconomic outlook.
31/8/2021 Rating announcement EN
Scope assigns Bayer Construct a first-time issuer rating of B+/Stable
The rating is driven by the company’s vertically integrated business model and relatively high profitability and is constrained by a strong increase in leverage needed to support growth through its own development projects.