Scope Upgrades 4iG Ratings
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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.
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