Class A1 rated notes have been fully redeemed.

The affirmation is underpinned by credit metrics that align with projections, along with the expectation that leverage will not increase due to the issuer's decision to resume strategic growth in 2026.

The methodology is now final following a call-for-comments period and will apply to all issuer and debt ratings of chemicals companies. The methodology might have a positive impact of one notch for one rated entity.

Following the recent rating action on Helgeland Kraft AS on 26 June 2025, Scope has released an associated analytical report.

The EUR 625.0m underlying portfolio of auto lease receivables with residual value risk was originated to corporate, SME and private individual borrowers by Axus Nederland N.V.

The Bank’s rating is anchored by the consistent business model centered around commercial banking in Greece, and benefits from improving asset quality and solid capital metrics.

Achieving NATO’s higher defence spending target of 3.5% of GDP will increase budget deficits and public debt across the EU, weakening sovereign credit profiles unless governments consider a mix of spending cuts, tax hikes, and joint defence funding

Large fiscal deficits, external vulnerabilities and a modest growth outlook drive the outlook change. EU and euro area membership, a competitive industrial base and a favourable debt profile remain credit strengths.

High strategic importance, sustained profit retention, very high asset quality, excellent capital markets access, and highly rated shareholders support the rating. High leverage is the key challenge.

A rise in political, institutional, and regional geopolitical risk drives the Outlook change. Strong GDP growth and solid FDI inflows, a stronger external position, and modest public debt support the ratings.