24/4/2024 Monitoring note
Updated issuer report on Banca Popolare di Sondrio
Scope Ratings has updated its issuer report on Banca Popolare di Sondrio, rated BBB with Stable Outlook.
24/4/2024 Research
Norwegian Savings Banks: strong profitability set to continue
Norwegian savings banks have displayed strong profitability on the back of the supportive interest-rate environment. We expect this to continue. The pace of credit expansion has abated but the banks have managed to continue growing their loan books.
24/4/2024 Research
Webinar: Economic opportunities and challenges in CEE and European bank strategies in the region
May 16, 2024 15:30 (CEST)
24/4/2024 Rating announcement
Scope affirms Naturtex’s B+ issuer rating; Outlook revised to Negative
The change in outlook reflects the deterioration in Naturtex’s sales and profitability as demand for its discretionary products declines due to the unfavorable macroeconomic environment.
24/4/2024 Research
EU banks NPL Heatmaps: modest increases to continue
Non-performing loans (NPLs) of EU banks continued to increase, hitting EUR 364.9bn according to the EBA’s latest Risk Dashboard showing data to Q4 2023. But the consolidated NPL ratio, at 1.85%, is still close to the historical low.
23/4/2024 Monitoring note
Scope has completed a monitoring review for Sirio NPL S.r.l. - Italian NPL ABS
No action has been taken on Class A notes issued by Sirio NPL S.r.l. following the monitoring review.
23/4/2024 Rating announcement
Scope affirms BBB+/Stable issuer rating on Hungarian pharmaceutical company Richter Gedeon
The affirmation mainly reflects the still very strong financial risk profile as well as the good prospects for growth and cash generation despite macroeconomic challenges and geopolitical uncertainties.
23/4/2024 Research
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.
22/4/2024 Research
The Wide Angle: Bank analysis needs to move with the times
When it comes to assessing banks, high customer satisfaction, progress in digitalisation or brand value do not win arguments in investment, credit, or rating committees if financial metrics are not sufficiently reassuring.