AppeninThe upgrading of Appeninn is primarily due to its recent equity-financed acquisitions, according to Scope Ratings.n Plc increased its revenue by more than 100 percent to EUR 9,093 million in the first half of the year compared to the same period last year.

Appeninn's credit rating was upgraded by one notch from 'B' to 'B+' by Scope Ratings, which also upgraded the company's NKP bond rating from 'B-' to 'B+'. 

According to the international rating agency's assessment, Appeninn is making consistent progress in implementing its business strategy, which was revised a year ago and has resulted in 

is also reflected in the company's financial position and improved business prospects.

The upgrade is based on recent equity-financed acquisitions, which, combined with a conservative financing structure, have significantly improved the company's risk profile, according to the international rating agency. 

According to the report, Appeninn's ability to pay its debts will remain stable in the long term, given that the transactions completed in recent months have also significantly improved the company's creditworthiness indicators.

A significant part of Appeninn's resources is invested in the APPENINN 2029/I Growth Bond Programme of the MNB. bond from the emission of. 

Scope Ratings, the leading European credit rating agency, placed the company's bond rating under review on 2 March, following the 'B-' bond rating of 12.04.2021, almost two years earlier.

Taking into account the comments of Scope Ratings, Appeninn revised its business strategy in February 2022.

 In its recently issued analysis, the rating agency positively assessed efforts to implement the strategy in a consistent manner, including 

the company sold its entire tourism portfolio, but the company's acquisitions to expand its core portfolio, which closed in March, played a decisive role in the upgrade.