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15/9/2025 Monitoring note
Scope withdraws rating on DNBB’s NOK 50bn Covered Bond (ISIN NO0013056184)
The AAA rating of NOK 50bn (ISIN NO0013056184) covered bond issued by DNB Boligkreditt has been withdrawn as the note has been repurchased and cancelled out.
15/9/2025 Research
JD.com-backed Ceconomy to intensify competition in Europe’s consumer-electronics sector
The planned acquisition of Ceconomy AG by Chinese retailer JD.com could mark an important shift in European consumer-electronics retailing by creating a more formidable, deep-pocketed player in an already highly competitive sector.
12/9/2025 Rating announcement
Scope affirms European Bank for Reconstruction and Development’s AAA rating with Stable Outlook
Strong capitalisation, high liquidity buffers and excellent capital markets access, a very strong mandate and highly rated shareholders support the rating; relatively weak asset quality is the key challenge.
12/9/2025 Rating announcement
Scope affirms the Netherlands’ credit ratings at AAA with Stable Outlook
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.
12/9/2025 Rating announcement
Scope affirms Austria’s credit ratings at AA+ and changes the Outlook to Negative
High fiscal deficits, rising general government debt, and a modest growth outlook drive the outlook change. A wealthy and diversified economy, sound external position, stable banking sector, and strong debt affordability are credit strengths.
12/9/2025 Monitoring note
Scope has completed a monitoring review for the United Kingdom
The periodic review has resulted in no rating action.
12/9/2025 Rating announcement
Scope affirms Germany’s AAA rating with Stable Outlook
The ratings are supported by a wealthy, large, diversified economy, sound public finances and a strong external position. Global geopolitical and trade risks, transition risks related to carbon neutrality targets and an ageing population are challenges.
12/9/2025 Rating announcement
Scope affirms BB-/Stable issuer rating of Metál Hungária Holding Zrt
The affirmation is driven by Scope's expectation that the construction materials company will maintain solid credit metrics and order backlog, despite the challenging local construction market witnessing significant reduction in Foreign Direct Investment.
12/9/2025 Research
Scope updates its Sub-Sovereign Rating Methodology
Scope has updated its sub-sovereign methodology by integrating ESG factors into the core analytical framework and enhancing the institutional and individual credit profile assessments. No rating changes are expected as a result of this update.
11/9/2025 Rating announcement
Scope affirms Compagnie de Financement Foncier's French covered bonds at AAA, Stable Outlook
The rating on Compagnie de Financement Foncier’s French obligations foncières reflects the issuer's A+ rating enhanced by four notches from governance support. Five notches provide a buffer against an issuer downgrade.