3/5/2024 Rating announcement
Scope affirms Croatia at BBB+ and revises the Outlook to Positive
A firmly declining debt trajectory and favourable medium-term growth prospects drive the Outlook revision. Low economic diversification and adverse demographic trends are the main credit constraints.
3/5/2024 Monitoring note
Scope has completed a monitoring review for the French Republic
The periodic review has resulted in no rating action.
3/5/2024 Rating announcement
Scope affirms BBB- issuer rating of NPRO, revising the Outlook to Negative
The Negative Outlook is based on a burdened credit profile following recent large property acquisitions.
3/5/2024 Rating announcement
Scope places Wellis Magyarország Zrt.’s B- issuer rating under review for possible downgrade
The rating action reflects the possibility of a rating-related covenant breach, which needs to be resolved by the end of a grace period that expires in October 2024.
2/5/2024 Rating announcement
Scope affirms B/Stable issuer rating on DVM Group Kft.
The affirmation reflects a relatively robust yet concentrated backlog and weak credit metrics, including adequate debt protection and liquidity. The rating is constrained by the company’s small size and limited diversification.
2/5/2024 Rating announcement
Scope affirms the Class A1 Guaranteed secured securities issued by Virtuo Finance SARL
Scope Ratings has today affirmed the BBB rating of the USD 84.5m Class A1 securities issued by Virtuo Finance SARL, maturing in 2041. The financing covers six operational photovoltaic power plants with a total capacity of 300MW located near Benban, Egypt.
2/5/2024 Rating announcement
Scope affirms A/Positive issuer rating on Air Liquide S.A.
The rating and Outlook reflect Air Liquide’s leadership position in industrial gases and the displayed trend on decreasing leverage.
2/5/2024 Research
Almost 75% of CRE loans in European CMBS fail to meet bank refinancing requirements
CRE refinancing risk remains high. We still believe that 40% of fully-extended securitised loans present high or very high refinancing risks but based on recent extension requests, moderate refi risk has increased materially from 23% to 41%.
30/4/2024 Rating announcement
Scope affirms Finbureau's issuer rating at B/Stable
The rating affirmation factors Finbureau's initiatives to strengthen the resilience of its debt purchase and collection activities, and the maintenance of strong profitability.