Announcements

    Drinks

      Scope downgrades class A and class B notes of Elrond NPL 2017 S.r.l. - Italian NPL ABS

      20/5/2022 Rating announcement

      Scope downgrades class A and class B notes of Elrond NPL 2017 S.r.l. - Italian NPL ABS

      Scope Ratings GmbH (Scope) downgrades class A and class B notes issued by Elrond NPL 2017 S.r.l., a static cash securitisation of Italian non-performing loan receivables, following a performance review.

      Scope has completed a monitoring review of Juno 1 S.r.l. – Italian NPL ABS

      20/5/2022 Monitoring note

      Scope has completed a monitoring review of Juno 1 S.r.l. – Italian NPL ABS

      No action has been taken on class A notes issued by Juno 1 S.r.l. following the monitoring review.

      Scope has completed a monitoring review of Maior SPV S.r.l. – Italian NPL ABS

      20/5/2022 Monitoring note

      Scope has completed a monitoring review of Maior SPV S.r.l. – Italian NPL ABS

      No action has been taken on class A notes issued by Maior SPV S.r.l. following the monitoring review.

      Egypt: current account pressures grow as rate hikes, inflation make IMF support more urgent

      20/5/2022 Research

      Egypt: current account pressures grow as rate hikes, inflation make IMF support more urgent

      Egypt faces growing balance-of-payments pressures as US monetary policy tightens, leaving it more reliant on external financial help, just as the cost of food and other imports rises, a double-shock that is impacting many low- and middle-income countries.

      Scope has completed a monitoring review of Aporti S.r.l. – Italian NPL ABS

      19/5/2022 Monitoring note

      Scope has completed a monitoring review of 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.

      Scope assigns BBB+ to the Class A1 Guaranteed securities issued by Virtuo Finance SARL

      18/5/2022 Rating announcement

      Scope assigns BBB+ to the Class A1 Guaranteed securities issued by Virtuo Finance SARL

      Scope Ratings has today assigned a final BBB+ rating to the USD 84.5m Class A1 Guaranteed securities issued by Virtuo Finance SARL maturing in March 2041. The bonds are intended to refinance the existing debt of a brownfield Egyptian photovoltaic plant.

      Scope has completed a monitoring review of Ibla S.r.l. – Italian NPL ABS

      18/5/2022 Monitoring note

      Scope has completed a monitoring review of Ibla S.r.l. – Italian NPL ABS

      No action has been taken on class A and class B notes issued by Ibla S.r.l. following the monitoring review.

      Scope has completed a monitoring review for Prunelli Issuer I S.a.r.l. compartment 2020-1

      18/5/2022 Monitoring note

      Scope has completed a monitoring review for Prunelli Issuer I S.a.r.l. compartment 2020-1

      No rating action has been taken following the monitoring review.

      Scope analysis reveals European banks can cope with significant credit deterioration

      18/5/2022 Research

      Scope analysis reveals European banks can cope with significant credit deterioration

      Takeaways from profitability and capital calculations conducted by Scope on 50 large European banks in its rated universe show that 44 institutions will remain profitable even if they had to triple their credit provisions.

      No rating action on FCT Bpifrance SME 2020-1 following extension of the replenishment period

      17/5/2022 Monitoring note

      No rating action on FCT Bpifrance SME 2020-1 following extension of the replenishment period

      Scope announces that the extension of the revolving period, along with certain amendments to the transaction documents will not, in and of themselves, result in a rating action or withdrawal of the current ratings.