Announcements

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      Scope downgrades issuer rating of Wellis to CCC, places it under review for a possible downgrade

      15/5/2025 Rating announcement

      Scope downgrades issuer rating of Wellis to CCC, places it under review for a possible downgrade

      The downgrade is driven by a slower-than-expected recovery in EBITDA generation, and concerns related to the upcoming refinancing of financial debt in 2026. The under-review status indicates the lack of visibility on short-term debt service.

      Scope assigns first-time issuer rating of BBB/Stable to Alpha Bank

      15/5/2025 Rating announcement

      Scope assigns first-time issuer rating of BBB/Stable to Alpha Bank

      The rating is anchored by the consistent business model centred around commercial banking in Greece, and benefits from improving asset quality and solid capital metrics.

      Scope affirms A+/Stable issuer rating of Austrian utility EVN AG

      14/5/2025 Rating announcement

      Scope affirms A+/Stable issuer rating of Austrian utility EVN AG

      The affirmation reflects the utility's comfortable financial position and significant headroom for a lower rating. However, EVN is likely to use this headroom over the next few years in line with its more ambitious investment plan.

      Italian NPL collections: March bounces back from poor February but 43% below three-year average

      14/5/2025 Research

      Italian NPL collections: March bounces back from poor February but 43% below three-year average

      Italian NPL collections in March rose 45% month on month, consistent with previous years. But while monthly volumes bounced back from a poor February, they were still 43% below the three-year March average.

      Spain’s growth holds firm amid US trade policy shifts, but fiscal restraint key for debt trajectory

      14/5/2025 Research

      Spain’s growth holds firm amid US trade policy shifts, but fiscal restraint key for debt trajectory

      The Spanish economy’s growth continues to outpace the euro area’s due to improving labour markets, strong tourism receipts and ample EU funds. Still, further fiscal consolidation and reforms are needed to improve Spain’s resilience to potential shocks.

      Scope withdraws ratings on JSC Pasha Bank Georgia

      12/5/2025 Rating announcement

      Scope withdraws ratings on JSC Pasha Bank Georgia

      Scope has ceased analytical coverage on JSC Pasha Bank Georgia.

      Scope affirms the United States of America's long-term ratings at AA with Negative Outlook

      9/5/2025 Rating announcement

      Scope affirms the United States of America's long-term ratings at AA with Negative Outlook

      Weak public finances, rising policy uncertainty challenging the predictability of US policymaking weigh on the outlook. A wealthy, competitive economy, institutional resilience and the dollar’s reserve currency status anchor the ratings.

      Scope has completed a monitoring review for Ukraine

      9/5/2025 Monitoring note

      Scope has completed a monitoring review for Ukraine

      The periodic review has resulted in no rating action.

      Scope upgrades class B and class C notes issued by BBVA Consumo 10, FT - Spanish Consumer ABS

      9/5/2025 Rating announcement

      Scope upgrades class B and class C notes issued by BBVA Consumo 10, FT - Spanish Consumer ABS

      The securitised portfolio consists of consumer loans originated by BBVA to borrowers in Spain.

      Scope rates German data centre notes issued by Vantage Data Centers Germany Borrower Lux S.à r.l.

      8/5/2025 Rating announcement

      Scope rates German data centre notes issued by Vantage Data Centers Germany Borrower Lux S.à r.l.

      The transaction is a securitisation of real estate and lease receivables related to four German data centres, valued at EUR 928m, and managed by Vantage Data Centers.