Announcements

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      Webinar: Economic opportunities and challenges in CEE and European bank strategies in the region

      24/4/2024 Research EN

      Webinar: Economic opportunities and challenges in CEE and European bank strategies in the region

      May 16, 2024 15:30 (CEST)

      Euro area sovereign credit: some ratings under pressure as fiscal challenges mount

      23/4/2024 Research EN

      Euro area sovereign credit: some ratings under pressure as fiscal challenges mount

      Euro area governments unable to put in place consistent medium-term fiscal plans face credit-rating pressure even though reducing public borrowing is possible, including for highly indebted countries.

      Germany: rating outlook stable despite near-term economic stagnation and fiscal challenges

      22/4/2024 Research EN

      Germany: rating outlook stable despite near-term economic stagnation and fiscal challenges

      After five years of near-zero cumulative growth since the pandemic, Germany’s economic recovery is unlikely to accelerate without adequate policy reform and an increase in net investment, supported by its significant fiscal space.

      Middle-east crisis: geopolitics remains a downside risk for the global economic and credit outlook

      17/4/2024 Research EN

      Middle-east crisis: geopolitics remains a downside risk for the global economic and credit outlook

      A full-scale Middle-East conflict is unlikely but any further escalation of tensions would have significant adverse consequences for commodity markets and inflation, affirming geopolitical developments as a core credit challenge globally.

      Real Estate Insight - April 2024

      12/4/2024 Research EN

      Real Estate Insight - April 2024

      Europe’s real estate companies grapple with negative credit outlook; German banks look resilient despite CRE risks; bond market access is a differentiator for property companies; systemic risks are still high in European housing

      Germany’s auto parts sector: defaults point to consolidation in cyclical downturn rather than crisis

      10/4/2024 Research EN

      Germany’s auto parts sector: defaults point to consolidation in cyclical downturn rather than crisis

      Multiple bankruptcies in Germany’s automotive parts sector since mid-2023 are less a sign of a sector-wide crisis than the impact of a cyclical downturn and tight credit conditions on suppliers with financial and commercial weaknesses.

      Japan: improved inflation and positive effects for debt sustainability underpin Stable Outlook

      9/4/2024 Research EN

      Japan: improved inflation and positive effects for debt sustainability underpin Stable Outlook

      Japan’s sovereign Outlook was revised to Stable from Negative on 22 March due to higher inflation and its positive effects on debt sustainability. Very high levels of public debt, weak growth and rising ageing-related costs remain constraining factors.

      Scope publishes final rating methodology for Pharmaceutical Companies’ Rating Methodology

      5/4/2024 Research EN

      Scope publishes final rating methodology for Pharmaceutical Companies’ Rating Methodology

      The methodology is now final following a call-for-comments period and will apply to all issuer and debt ratings of corporates in the sector. The application of the updated methodology will not trigger any rating changes.

      Türkiye: opposition victory makes continuation of policy normalisation more likely

      5/4/2024 Research EN

      Türkiye: opposition victory makes continuation of policy normalisation more likely

      The setback for Türkiye’s ruling AKP party in local elections could support a continued restrictive monetary policy stance as persistent high inflation, an important credit weakness, was a key driver of the electoral outcome.

      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.