Scope Hamburg GmbH » KÉSZ Holding Zrt. Bonds 2021/31 (KÉSZ2031 & KÉSZ2031 II)

KÉSZ Holding Zrt. Bonds 2021/31 (KÉSZ2031 & KÉSZ2031 II)

Development

Scope Hamburg downgrades issuer rating of KÉSZ Group from BB/Stable to BB-/Stable and affirms debt instrument ratings at BB. The downgrade is driven by the risk that credit metrics are expected to come under pressure amid mounting headwinds including inflationary supply-side pressures, decreasing gross profit margins, increasing leverage and an overall unsupportive macroeconomic mid-term outlook for the construction sector.

Rating-Historie Notation/Outlook Ratingbericht
28.09.2022 BB /
26.10.2021 BB / stabil
09.06.2021 BB / stabil
17.03.2021 preBB / stabil