18/3/2024 Rating announcement
Scope withdraws the rating on the series 2023-1 notes issued by CiMA Finance DAC
The rating on rated notes is being withdrawn for business reason upon originator's request.
18/3/2024 Monitoring note
Updated issuer rating report on Landkreditt Bank AS
Scope Ratings has updated its issuer rating report on Landkreditt Bank, rated A- with Stable Outlook.
18/3/2024 Research
Egypt: devaluation, financial support mitigate near-term risks, but challenges remain
Egypt has improved its near-term finances by attracting foreign investment, devaluing the pound and securing more IMF support, but converting those gains into more sustainable long-term economic policy remains central for reversing the rating trajectory.
18/3/2024 Monitoring note
Fnac Darty S.A.’s planned bond issuance in line with rating case
The upcoming issuance of EUR 500m senior unsecured debt does not alter the issuer’s rating case. The bond proceeds are earmarked for the refinancing of two bonds maturing in 2024 and 2026.
15/3/2024 Rating announcement
Scope affirms Finland's credit ratings at AA+ with Stable Outlook
Finland's wealthy economy, high government debt affordability and effective institutions are credit strengths. Rising fiscal pressures, a moderate growth potential and exposure to financial stability risks are challenges.
15/3/2024 Monitoring note
Scope has completed the monitoring review for Aporti S.r.l. - Italian NPL ABS
No action has been taken on Class A notes issued by Aporti S.r.l. following the monitoring review.
15/3/2024 Research
German banks: systemic crisis unlikely amid persistent concerns about real estate slump
Fears of a real estate crisis engulfing German banks, particularly around US office exposure, have overshadowed their better annual results announced in recent weeks. But there is no immediate risk of a systemic crisis.
15/3/2024 Research
Scope updates its European Utilities Rating Methodology and calls for comments
The proposed update clarifies and further refines Scope’s analytical approach. The methodology as proposed will not have an impact on outstanding ratings.
14/3/2024 Rating announcement
Scope affirms Envien’s issuer rating at BB/Stable, downgrades senior unsecured bond rating to BB-
The downgrade on the bond rating reflects the change in recovery assessment on higher bank debt. The issuer rating is derived from the rating of the guarantor parent, Envien International Ltd, and reflects deteriorated yet still good credit metrics.