Announcements

    Drinks

      Scope publishes final rating methodology for European Real Estate Rating Methodology

      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.

      France: higher-than-expected 2023 deficit tests ability to achieve fiscal targets

      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.

      Georgia ratings constrained by geopolitical sensitivities, institutional risks

      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.

      Webinar: Commercial real estate – how concerned should debt investors be?

      26/3/2024 Research EN

      Webinar: Commercial real estate – how concerned should debt investors be?

      Thursday, April 11th 2024 - 3:30 PM (CEST)

      German savings and co-operative banks well positioned to face challenges

      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.

      The Wide Angle – European banking to 2030: more vigorous on the digital, more rigorous on risk

      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.

      Financing fibre: France’s lead over Austria, Germany and Italy points to hidden project risks

      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.

      Portugal’s government formation to test political stability, economic and fiscal prospects

      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.

      Italian NPL collections: monthly volumes down by more than half in January

      19/3/2024 Research EN

      Italian NPL collections: monthly volumes down by more than half in January

      January 2024 Italian NPL collections of EUR 99m were 56% down month-on-month and 12% below the January average of the three previous years, continuing the declining trend observed throughout 2023.

      Egypt: devaluation, financial support mitigate near-term risks, but challenges remain

      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.