Scope Changes Outlook on Hell Energy B+ Rating to Positive
Scope Ratings has affirmed Hungarian soft drink maker Hell Energy's B+ rating and revised the outlook to positive from stable, according to a report by state news wire MTI.
"The Positive Outlook reflects the start of deleveraging following a heavy investment phase and the improving margins after an expansionary strategy in an inflationary environment," Scope said in the rating action taken on Tuesday.
Hell Energy is market leader for energy drinks in Hungary and nine other countries, mostly in Central and Eastern Europe.
Scope said Hell Energy's single, albeit relatively new, production site hindered the company's growth and suggested a second production site could be needed in the near term, pointing to "room for organic growth" as production capacity expanded.
Hell Energy's corporate bonds are listed on the Budapest Stock Exchange.
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.