Scope Ratings has updated its rating report on Georgian MFO Rico Express LLC, rated B+ with Stable Outlook.

Rating affirmation reflects the group’s robust operating performance and strong prudential metrics.

The periodic review has resulted in no rating action.

The upgrade reflects Scope’s view that BPS will become part of the stronger BPER group.

Scope Ratings has updated its rating report on Georgian Finbureau LLC, rated B with Stable Outlook.

Scope Ratings has updated its rating report on Intesa, rated A with Stable Outlook.

The rating on Danske Mortgage Bank PLC’s Finnish mortgage covered bonds (Katettu joukkolaina) reflects the issuer's A+/Positive rating enhanced by four notches from governance support. Another four notches provide a buffer against an issuer downgrade.

The periodic review has resulted in no rating action.

The rating reflects Intesa’s bancassurance business model, leading market position in Italy, and strong financial fundamentals. Geographic diversification is limited compared to peers.

The rating affirmation reflects the issuer’s prominent market position in the debt purchase and collection sector in Georgia, as well as a supportive earnings capacity.