Scope affirms B+/Stable issuer rating on Pannon-Work Zrt.
The rating action is driven by a good core business complemented by an increasing share of recurring revenue from HR services and solar power generation.
Scope assigns initial B/Stable rating to Pannon-Work Zrt
The issuer rating reflects the company's position as the fourth largest personnel services provider in Hungary but also its concentration and dependence on the domestic labour market.