Announcements

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      Scope affirms Greece’s BBB- ratings and revises Outlook to Positive

      12/7/2024 Rating announcement

      Scope affirms Greece’s BBB- ratings and revises Outlook to Positive

      Declining public debt, improved banking-system resilience and favourable structural-reform momentum drive Outlook revision. Very elevated government debt and sustained structural economic weaknesses remain credit constraints.

      Scope affirms Italy's BBB+/Stable long-term credit ratings

      12/7/2024 Rating announcement

      Scope affirms Italy's BBB+/Stable long-term credit ratings

      Extensive European support mechanisms, economic resilience, fiscal prudence and a favourable debt profile anchor the rating. High public debt, low productivity and weak demographics are challenges.

      Scope has completed a monitoring review for the Arab Republic of Egypt

      12/7/2024 Monitoring note

      Scope has completed a monitoring review for the Arab Republic of Egypt

      The periodic review has resulted in no rating action.

      Scope affirms SBB’s ratings and resolves the under review status

      12/7/2024 Rating announcement

      Scope affirms SBB’s ratings and resolves the under review status

      Scope has obtained sufficient clarity on the implementation of SBB’s strategic review process to resolve the under-review status.

      Scope publishes Michelin’s A/Stable issuer rating for the first time

      12/7/2024 Rating announcement

      Scope publishes Michelin’s A/Stable issuer rating for the first time

      The issuer rating reflects Michelin’s strong business risk profile as a leading global tyre manufacturer and an even stronger financial risk profile, supported by low leverage.

      Scope upgrades IB Invest to CC/Stable

      12/7/2024 Rating announcement

      Scope upgrades IB Invest to CC/Stable

      Scope upgraded Ilija Batljan Invest’s issuer rating to CC following the debt restructuring, based on improved liquidity and credit metrics.

      French bank quarterly: Heated political climate a business drawback

      12/7/2024 Research

      French bank quarterly: Heated political climate a business drawback

      Interest-rate cuts boosting loan demand and improving net interest margins were supposed to drive French banks’ performance in the second half but political uncertainty has put investment decisions on hold while mortgage demand was already hesitant.

      Scope has completed a monitoring review on Futureal Development Holding Kft.

      12/7/2024 Monitoring note

      Scope has completed a monitoring review on Futureal Development Holding Kft.

      No action taken following the periodic review concluded on Futureal.

      France: minority government may mitigate risk of fiscal slippage, but reforms unlikely

      12/7/2024 Research

      France: minority government may mitigate risk of fiscal slippage, but reforms unlikely

      A hung parliament in France mitigates risk of significant fiscal slippage due to the policy agendas of the far right or radical left. Still, reform momentum will likely stall given the need for compromise by centrist parties and the political extremes.

      No rating impact on Red Sea SPV S.r.l. after ReoCo structure implemented - Italian NPL ABS

      11/7/2024 Monitoring note

      No rating impact on Red Sea SPV S.r.l. after ReoCo structure implemented - Italian NPL ABS

      Scope Ratings announces that the introduction of a ReoCo would not, in and of itself, result in a reduction or withdrawal of the current rating of the class A notes.