Announcements

    Drinks

      Scope publishes final rating methodology on European Utilities
      MONDAY, 17/06/2024 - Scope Ratings GmbH
      Download PDF

      Scope publishes final rating methodology on European Utilities

      The methodology is now final following a call-for-comments period and will apply to all issuer and debt ratings of corporates in the sector. The application of the updated methodology will not trigger any rating changes.

      Scope Ratings GmbH (Scope) has today published its updated European Utilities Rating Methodology. The update provides a detailed presentation of Scope’s analytical approach for assigning credit ratings to utilities. The application of this methodology will not trigger any rating changes.

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

      Key changes

      Besides editorial changes, the conducted 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.

      Scope invited market participants to comment on the proposed methodology by 15 April 2024. Scope has not received comments from market participants.
       

      Related news

      Show all
      Perspectives économiques mondiales : tensions commerciales et géopolitiques pèsent sur la croissance

      20/6/2025 Research

      Perspectives économiques mondiales : tensions commerciales et ...

      Global Economic Outlook: US, Europe grow more slowly than expected amid trade, geopolitical tensions

      20/6/2025 Research

      Global Economic Outlook: US, Europe grow more slowly than ...

      Scope affirms Norwegian dairy company Tine’s A-/Stable issuer rating

      19/6/2025 Rating announcement

      Scope affirms Norwegian dairy company Tine’s A-/Stable issuer ...

      Scope affirms Vonovia’s issuer rating at A- and maintains Negative Outlook

      19/6/2025 Rating announcement

      Scope affirms Vonovia’s issuer rating at A- and maintains ...

      Scope places Deutsche Konsum REIT-AG’s C issuer rating under review for a possible downgrade

      18/6/2025 Rating announcement

      Scope places Deutsche Konsum REIT-AG’s C issuer rating under ...

      Scope downgrades investment holding company Forrás Nyrt.’s issuer rating to B/Stable from B+/Stable

      18/6/2025 Rating announcement

      Scope downgrades investment holding company Forrás Nyrt.’s ...