Developer WING has announced that Scope Ratings GmbH has affirmed Wingholding Zrt.’s issuer rating at B+, along with the B+ rating for the company’s senior unsecured bond.
According to WING, The affirmation reflects its: “Strong execution of a diversified development pipeline across Germany, Poland and Hungary; Improved earnings visibility and strong predictability of future cash flows, thanks to robust pre-sale and pre-letting activity; Strong deal execution capability, proven by the successful asset disposals in all three markets (Germany, Poland and Hungary) exceeding EUR 300 million value; a resilient standing investment portfolio, primarily concentrated in Budapest (64% of total GLA), contributing recurring income, supported by an overall occupancy rate of 90% and a WAULT of 5.2 years; Continued access to debt capital markets, with successful transactions completed in Hungary and Poland in H1 2025; and Consistent capital recycling and development discipline, with EUR 3.4 billion in total assets as of year-end 2024.”
In addition, WING continued, “the rating also recognizes our leading position in the Central European real estate market, with diversified operations across commercial and residential segments.”