Euler Hermes Rating has assigned a B+ first-time issuer rating to Hungarian transportation and logistics company Trans-Sped Kft / The proposed 2020/2030 bond was rated B+ based on preliminary terms
Hamburg (ots) - The B+ first-time issuer rating is mainly driven by Trans-Sped's operations in the transportation and logistics sector which we assess as highly cyclical and highly competitive with low barriers to entry, low profit margins and a highly fragmented landscape. Due to the asset intense operations, ...
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