Announcements
Drinks
28/3/2024 Research EN
Scope publishes final rating methodology for European Real Estate Rating Methodology
The methodology is now final following a call-for-comments period and will apply to all issuer and debt ratings of European real estate corporates. The methodology might have a limited negative impact on outstanding ratings of one issuer.
28/3/2024 Research EN
France: higher-than-expected 2023 deficit tests ability to achieve fiscal targets
France faces important fiscal, social and political hurdles to finding additional savings in the next four years, challenging the timely execution of its medium-term fiscal consolidation strategy ahead of the 2027 elections.
27/3/2024 Research EN
Georgia ratings constrained by geopolitical sensitivities, institutional risks
Georgia’s recently-affirmed sovereign ratings are anchored by a robust public-debt structure, declining government debt and strong growth. Still, heightened geopolitical risk and persistent domestic institutional challenges are core rating constraints.
26/3/2024 Research EN
German savings and co-operative banks well positioned to face challenges
The strong financial results of Germany's savings and co-operative banks demonstrate a high degree of resilience to current challenges, including continued cost pressures and credit risks, particularly in real estate.
25/3/2024 Research EN
The Wide Angle – European banking to 2030: more vigorous on the digital, more rigorous on risk
The future for European banks looks unmistakably digital and AI-driven. Emerging platform economies and the blurring of cyberspace borders between financial and non-financial businesses will further disrupt incumbent banks’ legacy structures.
22/3/2024 Research EN
Financing fibre: France’s lead over Austria, Germany and Italy points to hidden project risks
Long-term stable cashflows promised by infrastructure projects are increasingly attracting institutional investors, but not all projects are created equal. Fibre networks, one of the newest infrastructure asset classes in Europe, are a case in point.
22/3/2024 Research EN
Portugal’s government formation to test political stability, economic and fiscal prospects
Inconclusive elections in Portugal, marked by an extreme right-wing party’s emergence as the third largest in parliament, have led to a minority coalition administration taking office. Finding consensus on reforms and fiscal policies will be challenging.
18/3/2024 Research EN
Egypt: devaluation, financial support mitigate near-term risks, but challenges remain
Egypt has improved its near-term finances by attracting foreign investment, devaluing the pound and securing more IMF support, but converting those gains into more sustainable long-term economic policy remains central for reversing the rating trajectory.