Announcements
Drinks
19/6/2025 Rating announcement EN
Scope affirms Norwegian dairy company Tine’s A-/Stable issuer rating
Solid domestic market shares and brands, low cyclicality products, and strong credit metrics providing ample rating headroom support the rating. Moderate profitability and low country diversification remain constraints.
19/6/2025 Rating announcement EN
Scope affirms Vonovia’s issuer rating at A- and maintains Negative Outlook
The Negative Outlook continues to reflect Vonovia’s high leverage and the risk that the loan/value ratio remains above 45%, despite ongoing asset disposals, deleveraging measures and improved market conditions.
18/6/2025 Rating announcement EN
Scope places Deutsche Konsum REIT-AG’s C issuer rating under review for a possible downgrade
The rating action reflects Scope’s view that DKR’s planned debt-to-equity swap is a distressed exchange to avoid a default, imposing a loss of value for creditors and potentially qualifying as a Selective Default under Scope’s definitions.
18/6/2025 Rating announcement EN
Scope downgrades investment holding company Forrás Nyrt.’s issuer rating to B/Stable from B+/Stable
The downgrade reflects a deterioration in the financial risk profile. The cancellation of dividend and interest payments by holdings has resulted in a lower-than-expected accumulation of recurring cash income, causing total cost cover to fall below par.