Announcements
Drinks
21/10/2021 Rating announcement EN
Scope affirms BB-/Stable issuer credit rating on Hungarian tyre wholesaler MARSO
The affirmation reflects MARSO’s resilient financials amid the Covid pandemic and the expectation that the financial risk profile will remain commensurate with the rating once investment in the logistics centre comes to an end.
7/10/2019 Rating announcement EN
Scope assigns Marso Kft a first-time issuer rating of BB-, Outlook Stable
The issuer rating mainly reflects the tyre wholesaler's dominant share in the Hungarian market. The high level of interest cover supports the rating, but low profitability and weak diversification are constraints.