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      Federal Reserve runs risk of loosening before inflation is contained

      16/9/2025 Research EN

      Federal Reserve runs risk of loosening before inflation is contained

      The Fed’s expected 25bp rate cut on Wednesday appears premature given the latest increase in headline inflation to 2.9%, an economy still expanding at around 2%, the uncertain effects of higher tariffs and only modest signs of labour market softening.

      JD.com-backed Ceconomy to intensify competition in Europe’s consumer-electronics sector

      15/9/2025 Research EN

      JD.com-backed Ceconomy to intensify competition in Europe’s consumer-electronics sector

      The planned acquisition of Ceconomy AG by Chinese retailer JD.com could mark an important shift in European consumer-electronics retailing by creating a more formidable, deep-pocketed player in an already highly competitive sector.

      Scope updates its Sub-Sovereign Rating Methodology

      12/9/2025 Research EN

      Scope updates its Sub-Sovereign Rating Methodology

      Scope has updated its sub-sovereign methodology by integrating ESG factors into the core analytical framework and enhancing the institutional and individual credit profile assessments. No rating changes are expected as a result of this update.

      Cyprus: robust fiscal performance and sustained declines in NPLs strengthen country’s resilience

      11/9/2025 Research EN

      Cyprus: robust fiscal performance and sustained declines in NPLs strengthen country’s resilience

      Cyprus’s public debt is set to fall below 60% of GDP this year driven by robust growth and prudent fiscal policy while bad debts on bank balance sheets continue to decline, offsetting risks from a challenging geopolitical and external environment.

      Climate risk in covered bond ratings can have counterintuitive credit impacts

      10/9/2025 Research EN

      Climate risk in covered bond ratings can have counterintuitive credit impacts

      Housing, the main collateral for covered bonds, contributes more than a third of Europe’s GHG emissions. Yet while climate change can significantly amplify credit risk in covered bonds, mitigation can add more credit risk than actual climate impacts.

      Webinar: High-voltage venture – financing Europe’s gigafactory ambitions

      5/9/2025 Research EN

      Webinar: High-voltage venture – financing Europe’s gigafactory ambitions

      Tuesday, September 30th 2025 - 3:00 PM (CEST)

      Key credit risks amid the expansion of data centres in Europe

      5/9/2025 Research EN

      Key credit risks amid the expansion of data centres in Europe

      Europe’s data centres continue to demonstrate strong credit fundamentals and the growth outlook is positive, underpinned by demand and an under-supply of physical space and power capacity.

      Webinar: understanding climate-risk impacts on covered bonds

      4/9/2025 Research EN

      Webinar: understanding climate-risk impacts on covered bonds

      Thursday, September 11th 2025 - 3:00 PM (CEST)

      Political instability heightens risks to French banks’ profitability outlook

      2/9/2025 Research EN

      Political instability heightens risks to French banks’ profitability outlook

      French banks are well positioned to navigate short-term market volatility, but a prolonged political crisis could weigh on the sector via lower growth in lending and higher funding costs, partially reversing recent improvements in profitability.

      France: upcoming confidence vote raises further uncertainty over budgetary outlook

      26/8/2025 Research EN

      France: upcoming confidence vote raises further uncertainty over budgetary outlook

      Unresolved divisions in France’s parliament risk exacerbating political instability and associated credit challenges given large budget deficits and rising public debt.