Scope Structured Finance Methodology Guidelines
Scope published its first methodology guidelines for rating and monitoring structured finance products. Scope is penetrating the structured finance market exposed to underlying assets, in which it has already built expertise.
2013-12-06 Analysis notification – Certificates
Allianz and SAP are client's favorites
Client Sales Flow Report: The results of Scope analysis show that Reverse Convertibles on Allianz are client’s favorites. Also demand on Discount Certificates on SAP is high.
2013-12-04 Analysis notification – Open-ended property funds
High inflows boost liquidity ratios
Nearly one quarter of total fund liquidity is held by open-ended real estate funds. As yet, they have not been able to invest the high inflows received during the first half of the year.
2013-12-04 Analysis notification – Corporate bonds
SME Bonds: Outlook 2014
Scope Ratings expects German SME’s to benefit from the economic recovery in Germany and the eurozone. However, Scope sees rising refinancing risks for nearly one third of German SMEs.
2013-12-03 Analysis notification
Real estate funds increasingly investing in hotels
The German hotel investment market is booming. Special real estate funds and open-end real estate funds are following this trend. However, in the closed-end fund segment, hotel investments have been stagnating for years.
2013-12-02 Analysis notification – Financial institutions
Safer Ground for European Banks in 2014
London, 2 December 2013 – In its first-ever outlook of European banking, Scope Ratings notes that the sector should be entering the year 2014 on safer ground.
2013-11-29 Credit rating – Corporate bonds
Scope downgrades IPSAK bond rating from A to A-
Scope Ratings downgrades the corporate bond rating of Immobilien-Projektgesellschaft Salamander-Areal Kornwestheim (IPSAK) mbH from A to A-, outlook stable
2013-11-29 Analysis notification – Certificates
Allianz and Fresenius are client's favorites
Client Sales Flow Report: The results of Scope analysis show that Reverse Convertibles on Allianz are client’s favorites. Also demand on Discount Certificates on Fresenius Medical Care is high.
2013-11-28 Analysis notification – Closed-end funds
Energy funds: More wind and less sun
At present, closed-end energy funds invest almost exclusively in wind power. However new issues decreased significantly in 2013 and came to a complete halt in July when a new regulatory law (KAGB) came into force.
2013-11-27 Analysis notification – Corporate bonds
Erneuerbare Energien verzerren Default-Quote
Fast jeder achte Euro, der in Mittelstandsanleihen investiert wurde, ist von einem Default-Szenario betroffen. Verantwortlich für diese hohe Ausfallrate sind allerdings die massiven Verwerfungen im Bereich der Erneuerbaren Energien.
2013-11-22 Analysis notification – Certificates
Allianz and Bayer are client's favorites
Client Sales Flow Report: The results of Scope analysis show that Reverse Convertibles on Allianz and Bayer are client’s favorites. Also demand on Discount Certificates on K+S is high.
With EUR 1,200 billion analysed assets in 2011, SCOPE is one of Europe’s leading independent rating agencies. The group has specialised in the rating of corporations, bonds, funds and certificates. The services of the agency support over 900 financial institutions from 18 countries in the granting of credits, the selection and examination of investments, and the risk monitoring of their portfolios.Further information
In Credit Rating Scope has specialised in evaluating the economic stability and/or default probability of corporations, corporate bonds, and asset based bonds.
The range of services extends from compact, purely quantitative financial strength analysis resulting in non-official preliminary ratings to full-scale rating analyses including management interviews on-site at the rating object.
In the area of Investment Rating, Scope analyses the relation of expected return to expected risk in terms of expected volatility of closed-end funds, open-ended real estate funds, and other asset based funds focused on real assets, as well as mutual funds, and investment certificates.
The range of services extends from purely private, preliminary ratings to the monitoring of asset portfolios.
The Management Rating assesses the quality of management companies in their function as a service provider towards their contractors.
Scope evaluates to what extent the company seizes opportunities and avoids risks towards investors and other third parties. In its assessment Scope evaluates the corporate structure, management competence and the company’s historical performance.