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5/6/2023 Rating announcement
Scope affirms Corem Kelly’s issuer rating at BBB-/Stable
The rating affirmation is mainly driven by the strong business risk profile exemplified by the company’s market position in Sweden, while balance sheet management through disposals and debt repayments is helping to safeguard credit metrics.
5/6/2023 Rating announcement
Scope affirms BB rating on Evex Hospitals, with Stable Outlook
The rating affirmation reflects the company’s resilient operations, cash flow generation potential and ability to grow while maintaining moderate leverage.
5/6/2023 Rating announcement
Scope upgrades Hafslund’s issuer rating to A- from BBB+ and maintains the Positive Outlook
The upgrade follows significant improvements in Hafslund’s financials, which are likely to last due to elevated power prices. Further upside is reflected by the Positive Outlook, assuming leverage does not exceed 2.0x beyond 2025.
5/6/2023 Rating announcement
Scope withdraws Glitre’s ratings after the successful merger into Å Energi
The ratings are withdrawn following a monitoring of Å Energi AS, the surviving company of the merger of Agder Energi AS and Glitre Energi AS.
5/6/2023 Rating announcement
Scope upgrades issuer rating of Å Energi (previously known as Agder Energi) to A-/Positive
The upgrade is driven by prospects of sustained higher power prices, which strengthens Å Energi’s financials, in addition to an improved business risk profile. The Positive Outlook reflects further upside if leverage remain below 2.0x longer-term.
2/6/2023 Rating announcement
Scope downgrades the Republic of Poland's credit ratings to A; Outlook revised to Stable
A longer-standing trend of weakening standards of governance and weakening of the underlying inflation outlook drive the downgrade. Sound macroeconomic fundamentals, a moderate public debt level, and a well-capitalised banking system support the ratings.
2/6/2023 Monitoring note
Scope has completed a monitoring review for the Land of Baden-Württemberg
The periodic review has resulted in no rating action.
2/6/2023 Monitoring note
Scope has completed a monitoring review for Republic of Cyprus
The periodic review has resulted in no rating action.
2/6/2023 Rating announcement
Scope affirms the Land of Berlin's AAA rating with Stable Outlook
A highly integrated institutional framework, track record of fiscal consolidation, prudent liquidity management and a solid economic base support the rating. High debt, limited revenue flexibility and sizeable contingent liabilities are challenges.
2/6/2023 Research
Germany: economy to rebound in 2024 on government, consumer spending after stagnation this year
Germany's economy will return to modest growth in the second half of this year helped by increased public spending, but elevated inflation and volatile net exports will ensure the recovery remains weak at least until 2024.