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      Growing supply-demand imbalance threatens housing affordability in Europe

      29/4/2025 Research EN

      Growing supply-demand imbalance threatens housing affordability in Europe

      European households will see housing affordability deteriorate as the supply-demand gap persists and prices continue to rise. Stimulus measures are urgently needed to boost housing supply in European countries where the situation is particularly acute.

      Scope proposes an update to its Retail and Wholesale Rating Methodology and invites comments

      25/4/2025 Research EN

      Scope proposes an update to its Retail and Wholesale Rating Methodology and invites comments

      Scope Ratings calls for comments on its Retail and Wholesale Rating Methodology by 26 May 2025. The update strengthens, refines and further clarifies Scope’s analytical approach. The methodology might have a limited negative impact on two issuers ratings.

      European CRE/CMBS: bumper start to the year

      23/4/2025 Research EN

      European CRE/CMBS: bumper start to the year

      The first quarter of 2025 saw the highest quarterly issuance of European CMBS since the global financial crisis but refinancing risk for securitised loans is still high, while US tariffs could affect industrial, logistics and retail assets.

      Trade tensions, OPEC+ production hikes weigh down on oil & gas credit outlook

      17/4/2025 Research EN

      Trade tensions, OPEC+ production hikes weigh down on oil & gas credit outlook

      Five years after the pandemic and the collapse of the output agreement between OPEC and Russia sent oil prices into free fall, oil markets face another shock, this time from changes in US trade policy and in the OPEC+ group’s production limits.

      Scope proposes an update to its Chemicals Rating Methodology and invites comments

      14/4/2025 Research EN

      Scope proposes an update to its Chemicals Rating Methodology and invites comments

      Scope Ratings calls for comments on its Chemicals Rating Methodology by 14 May 2025. The update strengthens, refines and further clarifies the analytical approach. The methodology as proposed might have a positive impact of one notch for one rated entity.

      US tariff increases to have uneven direct cashflow, credit impact on European corporates

      11/4/2025 Research EN

      US tariff increases to have uneven direct cashflow, credit impact on European corporates

      The protectionist tilt of US trade policy has unsettled investors, partly by clouding the outlook for global growth. But for European companies with US exposure, the impact of higher tariffs on cashflow and credit quality are mixed and case specific.

      Trade wars likely to weigh on European banks’ asset quality

      10/4/2025 Research EN

      Trade wars likely to weigh on European banks’ asset quality

      The sharp correction in European banks’ share prices following the announcement of US tariffs on EU imports reflects mounting investor concerns about the potential implications for asset quality and profitability in a traditionally high-beta sector.

      Structured Finance Activity Report: ratings drift shifts into positive territory

      7/4/2025 Research EN

      Structured Finance Activity Report: ratings drift shifts into positive territory

      Scope’s 12-month trailing ratings drift for structured finance transactions moved into positive territory in the first quarter of 2025, with a positive ratio of upgrades over downgrades not seen since 2022.

      Scope proposes an update to its Pharmaceutical Companies’ Rating Methodology and invites comments

      4/4/2025 Research EN

      Scope proposes an update to its Pharmaceutical Companies’ Rating Methodology and invites comments

      Scope Ratings calls for comments on its Pharmaceutical Companies’ Rating Methodology by 4 May 2025. The update strengthens, refines and further clarifies Scope’s analytical approach. No impact is expected on out-standing issuer and debt ratings.

      European auto sector: tariff hikes come at difficult time; firms lacking US capacity look exposed

      3/4/2025 Research EN

      European auto sector: tariff hikes come at difficult time; firms lacking US capacity look exposed

      The US’s imposition of 25% tariffs on car imports comes at a bad time for European auto makers which face structural challenges in the shift to electric vehicles, growing competition from Chinese brands, and relatively soft demand in Europe and China.