The improved Outlook reflects the good results in 2022 and the low leverage. The rating is still held back by the company's small size and weak diversification.

Scope Ratings has downgraded corporate issuer rating of Hungary-based Tranzit Food Kft. from BB to BB-/Stable. The agency has also downgraded its senior unsecured debt rating to BB-.

Scope has completed a rating review of Tranzit-Food Kft. following the recent news of an upcoming Hungarian National Bank (MNB) bond under the MNB Bond Funding for Growth Scheme.

The credit rating mainly reflects Tranzit’s leading market position in the Hungarian goose processing industry, solid profitability and manageable leverage. The rating is held back by the company's small size and rather weak diversification.

The credit rating mainly reflects Tranzit’s leading market position in the Hungarian goose processing industry, solid profitability and manageable leverage. The rating is held back by the group's small size and rather weak diversification.