Announcements

    Drinks

      Scope updates its European Utilities Rating Methodology and calls for comments
      FRIDAY, 15/03/2024 - Scope Ratings GmbH
      Download PDF

      Scope updates its European Utilities Rating Methodology and calls for comments

      The proposed update clarifies and further refines Scope’s analytical approach. The methodology as proposed will not have an impact on outstanding ratings.

      Scope Ratings is proposing an update of its European Utilities Rating Methodology and is calling for comments from market participants until 15 April 2024.

      The proposed methodology can be downloaded here or on www.scoperatings.com.

      Rating impact

      The methodology as proposed will not have an impact on outstanding ratings.

      Key proposed changes

      Besides editorial changes, the proposed updates are as follows:

      • Alignment of the industry risk matrix to the General Corporate Rating Methodology, leading to a change of the underlying industry risk profile for regulated power generation to A from AA;
         
      • Clarification of how we assess a utility’s cash flow generation and its internal financing capacity and dependence on external funding/financing;
         
      • Alignment of the possible up-notching pertaining to a utility’s status as a government-related entity with Scope’s updated GRE rating methodology.

      Call for comments

      Scope invites issuers, investors and other interested parties to comment on the proposed methodology by 15 April 2024, as part of the agency’s ongoing commitment to transparency and open dialogue with market participants.

      Please send your comments to consultation@scoperatings.com.

      Scope will review and publish the content of written responses in accordance with regulatory requirements unless the respondent has explicitly requested confidentiality and will publish the final version of the methodology thereafter.

      Related news

      Show all
      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 ...

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

      20/6/2024 Rating announcement

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

      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 ...

      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 ...

      Scope affirms Tine’s A-/Stable issuer rating

      19/6/2024 Rating announcement

      Scope affirms Tine’s A-/Stable issuer rating

      Scope affirms the B+/Stable issuer rating on Forrás Nyrt.

      18/6/2024 Rating announcement

      Scope affirms the B+/Stable issuer rating on Forrás Nyrt.