Announcements

    Drinks

      Scope affirms Marso’s BB- rating and revises Outlook to Negative from Stable

      20/9/2023 Rating announcement EN

      Scope affirms Marso’s BB- rating and revises Outlook to Negative from Stable

      The changed Outlook reflects Scope’s view that current market trends and strong competition, which put pressure on profitability, will hinder the timely recovery of Marso’s credit metrics.

      Scope affirms BB-/Stable issuer credit rating on Hungarian tyre wholesaler MARSO

      21/9/2022 Rating announcement EN

      Scope affirms BB-/Stable issuer credit rating on Hungarian tyre wholesaler MARSO

      The affirmation reflects MARSO’s adequate financials after the completion of the logistics centre in Dunaharaszti amid challenging market conditions.

      Scope affirms BB-/Stable issuer credit rating on Hungarian tyre wholesaler MARSO

      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.

      New analysis on Marso Kft

      18/11/2020 Monitoring note EN

      New analysis on Marso Kft

      Scope Ratings has updated its rating report on Marso Kft, rated BB-/Stable.

      Scope has completed a monitoring review for Marso Kft

      27/10/2020 Monitoring note EN

      Scope has completed a monitoring review for Marso Kft

      Scope has updated its rating case and financial forecasts for Marso Kft. The update supports the retailer's BB-/Stable rating as well as the BB long-term rating for senior unsecured debt.

      Scope assigns Marso Kft a first-time issuer rating of BB-, Outlook Stable

      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.