The PLN 1,356.6m underlying portfolio of auto lease receivables was originated to mostly SME borrowers by Vehis Finanse sp. z o.o.

The rating affirmation reflects the issuer’s prominent market position in the debt purchase and collection sector in Georgia, as well as a supportive earnings capacity.

The credit outlook for Spanish non-financial corporates is markedly favourable compared with the rest of Europe but the shallowness of domestic debt capital markets remains an obstacle for investment and growth at smaller companies, says Scope Ratings.

Financial backers of European battery projects face a paradox. Political and industrial impetus to build a resilient regional electric-vehicle (EV) supply chain is strong, but technological, operational and commercial risks are high, says Scope Ratings.

Class A1 rated notes have been fully redeemed.

The affirmation is underpinned by credit metrics that align with projections, along with the expectation that leverage will not increase due to the issuer's decision to resume strategic growth in 2026.

The methodology is now final following a call-for-comments period and will apply to all issuer and debt ratings of chemicals companies. The methodology might have a positive impact of one notch for one rated entity.

Following the recent rating action on Helgeland Kraft AS on 26 June 2025, Scope has released an associated analytical report.

The EUR 625.0m underlying portfolio of auto lease receivables with residual value risk was originated to corporate, SME and private individual borrowers by Axus Nederland N.V.

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