Following the recent affirmation of the BB-/Stable issuer rating, Scope has updated its analytical report on Duna House Holding Nyrt.

The affirmation benefits from the resilient financial metrics amid a slowing loan market, the solid liquidity and the successful integration of a recent acquisition.

Following the recent affirmation of the issuer rating at BB-/Stable, Scope has updated its analytical report on Duna House Holding Nyrt

The affirmation is supported by a strong performance in 2021 and H1 2022 but constrained by a slowdown in volumes in H2 2022, driven by rising interest rates, which has negatively impacted loan demand.

Scope Ratings has affirmed the issuer and senior unsecured debt ratings after the announcement of a major acquisition of a loan brokerage group in Italy and plans for another bond placement.

The ratings are primarily driven by the company's market position and profitability but constrained by its small absolute size and limited visibility on potential acquisitions.

Duna House Holding Nyrt. has announced plans to increase the total maximum issue volume of the planned senior unsecured bond to HUF 6.6bn from HUF 6bn.

The ratings are primarily driven by the company's market position and profitability but constrained by its small absolute size and overall dependency on real estate transaction volumes.