Announcements

    Drinks

      Scope has completed a monitoring review on the United States of America

      21/6/2024 Monitoring note

      Scope has completed a monitoring review on the United States of America

      The periodic review has resulted in no rating action.

      Scope publishes updated supranational methodology following call for comments

      21/6/2024 Research

      Scope publishes updated supranational methodology following call for comments

      Scope has published the final version of its supranational methodology together with a feedback report addressing market participants’ comments. The methodology update, which follows a call for comments released on 10 May 2024, has no rating impact.

      Scope assigns AAA long-term rating to KfW's first blockchain-based digital bond

      21/6/2024 Rating announcement

      Scope assigns AAA long-term rating to KfW's first blockchain-based digital bond

      Blockchain-based digital bond rating reflects KfW's issuer rating which is aligned with the Federal Republic of Germany's AAA sovereign rating.

      Scope downgrades Nitrogénművek to B- and maintains Under Review status for a possible downgrade

      21/6/2024 Rating announcement

      Scope downgrades Nitrogénművek to B- and maintains Under Review status for a possible downgrade

      The downgrade stems from the absence of a valid refinancing strategy for the EUR 200m bond due in May 2025, compounded by uncertain operational prospects for 2024.

      Scope affirms the A+/Stable issuer ratings on Crédit Foncier and Compagnie de Financement Foncier

      20/6/2024 Rating announcement

      Scope affirms the A+/Stable issuer ratings on Crédit Foncier and Compagnie de Financement Foncier

      The rating affirmation reflects Scope’s expectation of full support from the parent given Crédit Foncier’s strategic importance for funding diversification.

      Scope affirms B+/Stable rating of Pannon-Work Zrt.

      20/6/2024 Rating announcement

      Scope affirms B+/Stable rating of Pannon-Work Zrt.

      Growth in HR services and solar power generation as well as moderate leverage support the rating. Low profitability, moderate volatility of the temporary staffing headcount, high customer concentration and shortening debt maturity profile are constraints.

      Scope upgrades class B issued by FT RMBS Prado VII – Spanish RMBS

      19/6/2024 Rating announcement

      Scope upgrades class B issued by FT RMBS Prado VII – Spanish RMBS

      The rating actions follow Scope’s periodic review.

      Scope affirms AEI’s issuer rating at B+ and maintains Negative Outlook.

      19/6/2024 Rating announcement

      Scope affirms AEI’s issuer rating at B+ and maintains Negative Outlook.

      The Negative Outlook reflects significant refinancing risk related to refinancing requirements in December 2025 and is subject to successful asset disposals.

      Global economic update: soft landing reinforces prospect of higher-for-longer interest rates

      19/6/2024 Research

      Global economic update: soft landing reinforces prospect of higher-for-longer interest rates

      A sustained period of higher interest rates will present a challenge for many borrowers worldwide, as economies adapt to a new era of comparatively tight monetary policy amid a recovery in growth and enduring inflation.

      Italian NPL collections: extrajudicial proceeds on seasoned transactions projected to fall sharply

      19/6/2024 Research

      Italian NPL collections: extrajudicial proceeds on seasoned transactions projected to fall sharply

      Italian NPL collections of EUR 185m in April 2024 were 13% down month-on-month and below the average of April collections in the last two years. The most seasoned transactions show a significant decline in DPOs and notes sales.