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      Spanish banks quarterly: limited challenges in 2024 as profitability drivers remain supportive

      29/2/2024 Research EN

      Spanish banks quarterly: limited challenges in 2024 as profitability drivers remain supportive

      Spanish bank profitability in 2023 was driven by record net interest income. In terms of the 2024 outlook, the banks will face limited challenges as profitability drivers remains supportive and deposits have started to recover.

      UK car financing review not material for large UK banks

      29/2/2024 Research EN

      UK car financing review not material for large UK banks

      The UK Financial Conduct Authority’s car finance review, initiated following a high number of complaints and compensation claims, may weigh negatively on profits for some banks but it is not a systemic credit issue for the banking sector.

      Scope withdraws its Aircraft Non-payment Insurance Methodology

      28/2/2024 Research EN

      Scope withdraws its Aircraft Non-payment Insurance Methodology

      Scope incorporates the Aircraft Non-payment Insurance Methodology into its Aviation Finance Rating Methodology and subsequently withdraws the Aircraft Non-payment Insurance Methodology.

      Scope updates its Aviation Finance Rating Methodology

      28/2/2024 Research EN

      Scope updates its Aviation Finance Rating Methodology

      Scope incorporates the Aircraft Non-payment Insurance Methodology into its Aviation Finance Rating Methodology and subsequently withdraws the Aircraft Non-payment Insurance Methodology.

      The Wide Angle: banks need to prepare more and worry less about a digital euro

      28/2/2024 Research EN

      The Wide Angle: banks need to prepare more and worry less about a digital euro

      The likely establishment of a digital euro (dEUR) has triggered some anxiety at European banks around the stability of their deposits, high implementation costs, and curtailment of innovation capacity and competitiveness.

      Webinar: Outlook for Italian banks. Another strong year ahead?

      27/2/2024 Research EN

      Webinar: Outlook for Italian banks. Another strong year ahead?

      Thursday, March 14th 2024 - 3:30 PM (CET)

      EU’s revised fiscal rules would cut public investment

      19/2/2024 Research EN

      EU’s revised fiscal rules would cut public investment

      The EU’s revised fiscal rules are inadequate with respect to high green, digital and defence investment needs and would result in significant fiscal adjustments and cuts in public investment at a time when the economic growth outlook is already weak.

      Utilities credit outlook: slightly positive, favouring power generators vs grid/network operators

      19/2/2024 Research EN

      Utilities credit outlook: slightly positive, favouring power generators vs grid/network operators

      Europe’s integrated electricity utilities and power generators can look forward to reinforced credit profiles this year, although the change is less pronounced than it was at the beginning of 2023.

      European ESG corporate bonds: pick-up expected after slow 2023

      16/2/2024 Research EN

      European ESG corporate bonds: pick-up expected after slow 2023

      Investor appetite for ESG corporate bonds cooled in 2023 and issuance from European utilities and real estate companies, historically the market’s two main sector contributors, declined sharply. We expect a moderate pick-up of in overall volumes in 2024.

      Italian bank quarterly: upbeat guidance to better earnings in 2024 should be treated with caution

      14/2/2024 Research EN

      Italian bank quarterly: upbeat guidance to better earnings in 2024 should be treated with caution

      Italian banks had a record year in 2023, thanks to high commercial spreads and low loan-loss provisions. Operating conditions look less favourable now, with rate cuts expected from the second half and default rates set to rise gradually.