Without substantive corrective fiscal measures, the US public debt ratio will reach 133% of GDP by 2030, exceeding our forecasts for France (122%) and the UK (111%), while interest payments will average 12% of revenues, at least twice that of peers.

Nicușor Dan’s victory in Romania’s presidential election eases political tensions and supports EU alignment but addressing the widening fiscal deficit, the weak absorption of EU funds and a backlog of reforms remain stark challenges for the authorities.

Operating environment assessments, the starting point for the analytical process, reflect regulatory and supervisory convergence. Ratings are determined by economic, sector and bank-specific factors. Despite uncertainties, the picture is resilient.

Strengthened fiscal outlook, sustained GDP growth, and improved external resilience drive the upgrade. Structural labour supply shortages and adverse demographic trends are challenges.

The periodic review has resulted in no rating action.

Scope Ratings has updated its rating report on Deutsche Bank, rated A- with Positive Outlook.

Scope Ratings UK Ltd announces that the GBP 40.0m drawing on the Class A-1 notes will not, in and of itself, result in a Rating Action or withdrawal of the current rating of the Class A-2 notes issued by Vantage Data Centers Jersey Borrower SPV Limited.

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.

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.

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.