Announcements
Drinks
22/3/2022 Rating announcement EN
Scope withdraws the rating on the Upper Mezzanine Risk Cover of EIB's Spanish SME initiative
SME Initiative Uncapped Guarantee Instruments (SIUGI) Upper Mezzanine Risk Cover issued under the European Investment Bank Group's Spanish SME initiative has been repaid in full.
17/5/2021 Rating announcement EN
Scope affirms AAA(SF) on all rated instruments of EIB’s Spanish SME initiative – SME ABS - SRT
Increased credit enhancement from solid reference portfolio performance increase the instruments' resilience to portfolio losses; Senior Risk Cover was fully released; Full Upper Mezzanine Risk Cover release without losses expected for 2021.
19/5/2020 Rating announcement EN
Scope upgrades to AAA(SF) all rated instruments of EIB’s Spanish SME initiative – SME ABS - SRT
Increased credit enhancement from solid reference portfolio performance increase the instruments' resilience to portfolio losses; COVID-19 will impact the Spanish economy negatively but is expected to have only a marginal effect on the rated instruments.
20/8/2018 Rating announcement EN
Scope upgrades to AAA(SF) EIB Group’s Spanish SME initiative – SME Structured Finance Transaction
Scope Ratings has reviewed the performance of the SME Initiative Uncapped Guarantee Instruments (SIUGI) Senior Risk Cover and Upper Mezzanine Risk Cover, issued under the European Investment Bank Group’s Spanish SME initiative.
8/2/2018 Rating announcement EN
Scope upgrades to AA+(SF) EIB Group’s Spanish SME initiative – SME Structured Finance Transaction
Scope Ratings (Scope) has reviewed the performance of the SME Initiative Uncapped Guarantee Instruments (SIUGI) Senior Risk Cover and Upper Mezzanine Risk Cover, issued under the European Investment Bank Group’s Spanish SME initiative.
4/7/2017 Monitoring note EN
Scope publishes rating report for EIB Group's Spanish SME initiative – SME risk-sharing
Scope Ratings publishes the rating report for EIB’s Spanish SME initiative, a synthetic risk-sharing transaction of secured and unsecured credits to Spanish SMEs and self-employed individuals, originated by nine Spanish originators and managed by the EIF.
8/5/2017 Rating announcement EN
Scope assigns AA (SF) to the EIB Group SME initiative for Spain – SME Structured Finance Transaction
Final ratings assigned to the SME Initiative Uncapped Guarantee Instruments Senior Risk Cover and Upper Mezzanine Risk Cover, a bespoke EU-sponsored risk transfer transaction referencing 50% of a EUR 5,522m portfolio of Spanish SME credit rights.