The change in Outlook reflects the expectation of stronger owner support when the company becomes a strategic subsidiary of one of the largest savings banks in Norway.

Scope withdraws all ratings on Vasútvill Kft. because of insufficient data and information to continue the analysis underpinning the credit ratings.

Scope’s ESG Performance Score captures the three dimensions of a company’s sustainability by combining impact and risk assessment with strategy analysis in a newly comprehensive approach applicable to any firm, large or small.

The periodic review has resulted in no rating action.

Sterling’s reserve-currency status, deep capital markets, a robust institutional framework and large and diversified economy support the ratings. Rising public debt, a weak external sector and post-Brexit uncertainty remain challenges.

The periodic review has resulted in no rating action.

The ratings are supported by a wealthy and diversified economy, moderate public debt and a strong external position. High private sector indebtedness, exposure to global shocks and labour market duality are credit challenges.

The rating on Compagnie de Financement Foncier’s French obligations foncières reflects the issuer's A+ rating enhanced by up to nine notches from governance and cover pool factors. Five notches provide a buffer against an issuer downgrade.

Within two months, most European banks will be subject to final Basel 3 standards aimed at strengthening the resilience and stability of banks. We do not expect further major changes to the regulatory framework although there are likely to be refinements.

Resilient operations in 2023, strong credit metrics and executed growth outside Hungary – which reduces reliance on a concentrated order book and partially mitigates the risk and impact of volatile cash generation – drive the affirmation.