19/4/2024 Rating announcement
Scope affirms Haniel’s BBB-/Stable issuer rating
The affirmation is driven by Haniel’s consistently solid total cost cover and modest leverage, which offset credit weaknesses related to concentration risks on recurring income and asset values.
19/4/2024 Rating announcement
Scope affirms KfW's issuer rating at AAA with Stable Outlook
KfW's issuer rating is aligned with the Federal Republic of Germany's AAA sovereign rating.
18/4/2024 Rating announcement
Scope affirms GBC's issuer rating at BB-/Negative and withdraws all ratings
The affirmation reflects a resilient operating performance with stable growth. All ratings have been withdrawn due to business reasons.
18/4/2024 Monitoring note
Scope has completed the monitoring review for BCC NPLs 2020 S.r.l. - Italian NPL ABS
No action has been taken on Class A and Class B notes issued by BCC NPLs 2020 S.r.l. following the monitoring review.
17/4/2024 Rating announcement
Scope affirms Banca Popolare di Sondrio's issuer rating of BBB with Stable Outlook
Rating affirmation reflects the recent strong operating performance as well as solid asset quality and solvency metrics.
17/4/2024 Research
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.
17/4/2024 Research
Covered Bond Quarterly: Have German banks put Pfandbriefe at risk?
After a strong January, EUR benchmark covered bond issuance slowed in February and March. Some of the reluctance to issue may have been driven by Germany’s specialised commercial mortgage lenders, given rising tensions in commercial real estate.
16/4/2024 Monitoring note
Scope has completed a monitoring review for Communication Technologies Kft
The periodic review has resulted in no rating action.
16/4/2024 Rating announcement
Scope downgrades class A notes and class B notes issued by 4Mori Sardegna S.r.l. - Italian NPL ABS
Scope downgrades class A notes and class B notes issued by 4Mori Sardegna S.r.l., a static cash securitisation of Italian non-performing loan receivables, following a monitoring review.