Scope Raises Metál Hungária Credit Rating

Ratings

During its regular annual review, Scope Ratings upgraded the credit rating of hall builder Metál Hungária Holding Zrt. from the previous "B plus" to "BB minus" category, with a "stable" outlook, according to profitline.hu.

The improvement in the credit rating of the company based in Szombathely (215 km southwest of Budapest) reflects its solid market position in the sector, which helps both in short-term revenue growth and in maintaining credit indicators at the current healthy level despite the unfavorable macroeconomic outlook.

According to Scope Ratings, Metál Hungária can expect further strong growth in the coming years, with the credit rating company expecting revenues of more than HUF 60 billion in both 2022 and 2023.

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