Scope Ratings assigns first-time B+ rating to Waberer's
Budapest, 10 June, 2021 - WABERER'S INTERNATIONAL Nyrt. (hereinafter: "Company") in accordance with the detailed requirements on public notice obligation of Decree No. 24/2008. (VIII.15.) of the Minister of Finance publishes the following information:
The Company is examining the opportunity to issue bond under "MNB Bond Funding for Growth Scheme" announced by National Bank of Hungary (hereinafter: "NBH").
The precondition of the participation in the Programme is that the bonds to be issued get at least a B+ rating by a credit rating agency accepted by European Securities and Markets Authority (ESMA).
At the request of the Company, the Scope Ratings GmbH performed the rating and it calculated on the basis that the bonds will be issued with a maximum value of HUF 60 billion. At the result of the rating both the company and the bonds to be issued have received a B+ rating which meets the requirements of the NBH.
The rating report is available at the following link on the credit rating agency's web site:
The details of the bond issue are expected to be decided by the Board of Directors of the Company in the coming weeks, and will be communicated by the Company afterwards.
WABERER'S INTERNATIONAL Nyrt.
Waberer's International Nyrt. published this content on 10 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 June 2021 10:43:03 UTC.