2/5/2024 Rating announcement EN
Scope affirms the Class A1 Guaranteed secured securities issued by Virtuo Finance SARL
Scope Ratings has today affirmed the BBB rating of the USD 84.5m Class A1 securities issued by Virtuo Finance SARL, maturing in 2041. The financing covers six operational photovoltaic power plants with a total capacity of 300MW located near Benban, Egypt.
20/3/2024 Monitoring note EN
Scope has completed a monitoring review for Gode Wind 1 Investor Holding GmbH
No action was taken on the senior notes issued by Gode Wind 1 Investor Holding GmbH. Generation and revenues were in line with our rating case, and the reported DSCR was robust. There are no material changes to the forecast ratios.
9/1/2024 Monitoring note EN
Scope has completed a monitoring review for Borkum Riffgrund 2 Investor Holding GmbH
No action was taken on the senior notes issued by Borkum Riffgrund 2 Investor Holding GmbH. The 2022 credit metrics remain robust, benefiting from higher than expected energy production and exceptionally high energy prices.
21/11/2023 Rating announcement EN
Scope upgrades Blauracke's senior notes to A-
Scope Ratings GmbH has today upgraded the rating of the EUR 510.6m senior notes issued by Blauracke GmbH to A-. The notes were transferred from CPPIB Renewables Europe Sarl and finance the minority interest in two German offshore wind farms.
23/5/2023 Rating announcement EN
Scope upgrades to BB from B+ the Senior Unsecured Bonds issued by PolSolar Ktf
Scope Ratings GmbH has today upgraded the ratings to the HUF 70.7bn senior unsecured bonds issued by PolSolar Kft and maturing in April 2037. The bonds have financed the construction of five greenfield photovoltaic plants in Hungary.
9/5/2023 Rating announcement EN
Scope downgrades the Class A1 Guaranteed secured securities issued by Virtuo Finance SARL
Scope Ratings GmbH downgrades the USD 84.5m Class A1 Guaranteed securities issued by Virtuo Finance SARL (the Benban solar project). The downgrade reflects the weakening business environment in Egypt and the significant devaluation of the Egyptian pound.
30/3/2023 Monitoring note EN
Scope has completed a monitoring review for Gode Wind 1 Investor Holding GmbH
No action has been taken on the senior notes issued by Gode Wind 1 Investor Holding GmbH. Technical performance has remained robust and credit metrics benefitted from high energy prices in 2022.
18/1/2023 Monitoring note EN
Scope has completed a monitoring review for Borkum Riffgrund 2 Investor Holding GmbH
No action has been taken on the senior notes issued by Borkum Riffgrund 2 Investor Holding GmbH. Credit metrics remain robust, benefitting from the effects of high wind speeds and energy prices.
