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19/12/2025 Monitoring note
Class B and C Notes issued by BBVA Consumo 10 FT paid in full – Spanish Consumer ABS
Class B and Class C notes have been fully repaid.
19/12/2025 Rating announcement
Scope affirms and publishes Alliander’s A+/Stable issuer rating
The rating is supported by a very strong business risk profile and the company’s status as a government-related entity, while the relatively weak financial risk profile is a constraint.
19/12/2025 Rating announcement
Scope affirms Neova’s BBB- rating with Stable Outlook
The affirmed rating reflects the issuer’s moderate business risk and financial risk profiles, assessed at BB+, and a positive one-notch adjustment for the group’s status as a government-related entity.
19/12/2025 Research
Scope publishes new European Telecommunication Services Rating Methodology and calls for comments
The proposed new methodology lays out Scope’s analytical approach for telecommunication companies. The methodology as proposed is expected to have no rating impact on outstanding ratings if implemented as proposed.
19/12/2025 Research
New BP CEO to complete back-to-basics strategic reset: resuming sustained growth remains challenge
BP’s appointment of Meg O’Neill, the CEO of Woodside Energy, as the first woman and the first outsider to head the integrated oil and gas company (IOC), completes the reset of top management and strategy.
18/12/2025 Rating announcement
Scope downgrades rating on Mercedes-Benz Manufacturing Hungary Kft. to A/Stable from A+/Negative
The issuer rating of the rated entity is derived from the A rating of its parent Mercedes-Benz Group AG, reflecting the latter’s explicit guarantee on an outstanding bond and implicit guarantee to the rated entity.
18/12/2025 Rating announcement
Scope downgrades issuer rating on Mercedes-Benz Group AG to A/Stable from A+/Negative
The downgrade reflects the effects of adverse business conditions in 2025, which are likely to continue into 2026. The Outlook reflects the good prospects of the planned product launches combined with ongoing cost reductions.
18/12/2025 Research
Norwegian utilities face rising capex demands while cash outflows remain constant
Norway’s power utilities are facing rising capex demands against a constant call on cash to pay dividends to municipal owners. This is creating a cash squeeze on utilities in the north of the country.
18/12/2025 Research
European retailing outlook: corporates face growing capex challenge amid slow growth, tight margins
The European retail sector, particularly in food and electronics, continues to face a challenging operating environment shaped by shifting consumer behaviour, rising cost pressures and investment-heavy structural transformation, says Scope Ratings.
18/12/2025 Rating announcement
Scope downgrades class A notes and affirms class B notes issued by POP NPLs 2020 S.r.l. – NPL ABS
The underlying portfolio is composed of secured and unsecured NPL loans originated by 15 Italian banks and serviced by Special Gardant S.p.A. and Fire S.p.A. as special servicers.