Extraordinary Announcement of 4iG PLC on the annual audit of Scope Ratings
4iG PLC ("4iG") hereby informs the participants of the capital market that hat the annual audit of Scope Ratings GmbH ("Scope Ratings") (www.scoperatings.com) has been concluded, in which the independent international credit rating agency assessed the debt rating of 4iG. The final audit report is available in English language at the following link:
Scope raises Outlook to Positive from Stable on 4iG's BB- issuer rating | Scope Ratings | European Rating Agency
Scope Ratings has revised the outlook of the issuer rating of 4iG (BB-) to Positive from Stable - which could lead to an upgrade of the group in the future as profitability improves - while leaving the senior unsecured debt rating of 4iG (BB-) unchanged.
The credit rating agency expects 4iG's profitability to be stable in the coming years, with an EBITDA margin above 30%, driven by increasing synergies and the announced abolition of the telecoms utility tax in 2024 and the extra telecoms tax in early 2025.
Budapest, 22 December 2023
4iG Plc.
4iG PLC
Mailing address: H-1013 Budapest, Krisztina krt. 39.
Phone: +36 1 270 7600
Fax: +36 1 270 7679
Email: ir@4ig.hu
Internet: www.4ig.hu
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4iG Nyrt. published this content on 22 December 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 December 2023 07:38:13 UTC.