Announcements

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      Scope downgrades SunDell Estate Nyrt.’s issuer rating to B- from B with Stable Outlook

      17/10/2024 Rating announcement

      Scope downgrades SunDell Estate Nyrt.’s issuer rating to B- from B with Stable Outlook

      The downgrade is based on increased reliance of its parent (GOPD Nyrt.) on dividends from SunDell, which are needed to service debt at the holding level.

      Scope downgrades GOPD’s issuer rating to B- from B and maintains the Negative Outlook

      17/10/2024 Rating announcement

      Scope downgrades GOPD’s issuer rating to B- from B and maintains the Negative Outlook

      The downgrade is based on the sustained deterioration of credit metrics and liquidity with increased reliance on dividend cash flows from subsidiary SunDell Estate Nyrt.

      Webinar: US elections – economic implications for the US and EU

      17/10/2024 Research

      Webinar: US elections – economic implications for the US and EU

      Thursday, October 31st 2024 - 10:30 AM (CET)

      Scope affirms A- issuer rating on Tensio, Outlook Stable

      17/10/2024 Rating announcement

      Scope affirms A- issuer rating on Tensio, Outlook Stable

      The affirmation reflects Tensio’s low business risks as a pure-play electricity distribution system operator. Credit metrics are expected to be sustained at moderate levels despite continued high capex.

      Scope affirms Abroncs Kereskedőház Kft.’s BB- rating and revises the Outlook to Negative from Stable

      16/10/2024 Rating announcement

      Scope affirms Abroncs Kereskedőház Kft.’s BB- rating and revises the Outlook to Negative from Stable

      The Outlook change reflects deteriorating credit metrics in 2023 and the expectation of a slow recovery, with risk that leverage will remain at or above 4x for a prolonged period.

      Scope proposes an update to its General Corporate Rating Methodology and invites comments

      16/10/2024 Research

      Scope proposes an update to its General Corporate Rating Methodology and invites comments

      Scope Ratings calls for comments on its General Corporate Rating Methodology by 16 November 2024. The update strengthens, refines and further clarifies Scope’s analytical approach. A limited impact is expected on outstanding issuer and debt ratings.

      Government divestment of bank stakes could revitalise European bank M&A

      16/10/2024 Research

      Government divestment of bank stakes could revitalise European bank M&A

      UniCredit’s stake build in Commerzbank has highlighted that governments still hold stakes in their national champions. Selling them offers bank buyers a unique opportunity to reinforce their positions in foreign markets or enter new markets at scale.

      Unsecured NPL securitisations outperform transactions with mixed portfolios

      16/10/2024 Research

      Unsecured NPL securitisations outperform transactions with mixed portfolios

      Securitisations of purely unsecured non-performing loan (NPL) portfolios have generally outperformed transactions backed by mixed NPL portfolios composed of unsecured and secured exposures.

      Webinar: Corporate ESG performance: why a 3D view of impact, risk and strategy is crucial

      16/10/2024 Research

      Webinar: Corporate ESG performance: why a 3D view of impact, risk and strategy is crucial

      Wednesday, November 6th 2024 - 11:30 AM (CET)

      Scope affirms Brage Finans' issuer rating of A- and changes Outlook to Positive

      15/10/2024 Rating announcement

      Scope affirms Brage Finans' issuer rating of A- and changes Outlook to Positive

      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.