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11/2/2025 Research EN
Italian NPL collections: December volumes surge but still 23% below two-year average
Italian NPL collections surged by 81% month-on-month in December 2024 to EUR 339m, reaffirming the trend that this month typically sees the highest collections of the year. But even then, volumes were 23% lower than the 2022/2023 December average.

30/1/2025 Research EN
Structured Finance Activity Report: Ratings drift tracks below neutral
Scope assigned new ratings to 78 instruments on 49 structured finance transactions in 2024, raising rated new-issue volume by 7.2%. On monitoring activity, heavy downgrades in Q1 pushed the 12-month ratings drift below neutral despite a strong Q4.

16/1/2025 Research EN
Covered Bond Outlook 2025: Credit stability in times of increasing uncertainty
We are constructive on European covered bond ratings. European banks entered 2025 in solid shape, while a stable European economy will support rating levels. But investors will need to remain vigilant for risks that could catch the market off guard.

30/12/2024 Research EN
Italian NPL collections: two-year trend maintained
Italian NPL collections increased by 8% month-on-month to EUR 187m in November, continuing the trend observed over the past two years. However, volumes were 21% lower than the average for the same month in the 2022/2023 period.

16/12/2024 Research EN
Scope publishes new CRE Loan and CMBS Rating Methodology
Scope Ratings publishes its final rating methodology for CRE securities and CMBS following a call for comments. The proposed update clarifies and refines the analytical approach. The application of the methodology affects several outstanding ratings.

11/12/2024 Research EN
Scope assigns mandated ratings to UniCredit-arranged Asti Group Italian RMBS
Scope’s ABS mandates continue to grow with Asti Group RMBS IV, a securitisation of prime Italian residential mortgages arranged by UniCredit. The mandate follows the ECB’s inclusion of Scope’s ABS ratings in its credit assessment framework (ECAF).

4/12/2024 Research EN
Structured finance monitoring report and 2025 rating outlook
Consumer, corporate and SME ABS and RMBS have experienced positive ratings drift since the pandemic, a period characterised by extremely low levels of borrower insolvencies, mainly due to powerful policy measures in support of households and businesses.