Scope Upgrades 4iG Ratings
Image: Facebook
Scope Ratings has upgraded listed IT company 4iG's issuer rating by one grade to "BB-" (with a "stable" outlook) from "B+" (with a "positive" outlook), according to an announcement on the website of the Budapest Stock Exchange.
At the same time, the credit rating agency improved the debt rating of 4iG's already issued bonds to "BB-" (with a "stable" outlook) from "B+" (with a "positive" outlook).
The upgrade reflects the improved competitive position, business profile, effectiveness, and improved credit indicators with the acquisition of Vodafone Hungary, which has a significant share of the Hungarian mobile market.
Check out our article published yesterday for more information on the acquisition.
Achieving Deficit Targets 'Crucial' - Rate-setters
EU Affairs Ministry, AmCham Sign Strategic Partnership Deal
The Makings of the Future Smart Electricity Network
Aldi Opening Biggest Store in Budapest
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
