17/12/2025 Rating announcement
Scope downgrades class A notes issued by Relais SPV S.r.l. – Italian non-performing lease ABS
The underlying portfolio is composed of non-performing leases originated by Unicredit Leasing S.p.A. and serviced by doValue S.p.A.
16/12/2025 Rating announcement
Scope downgrades Fnac Darty to BBB- from BBB after methodology changes and assigns Stable Outlook
The rating action reflects the application of Scope’s revised definition of credit metrics for retailers with a large portion of leased assets.
16/12/2025 Rating announcement
Scope downgrades class A and class B notes issued by Prisma SPV S.r.l. – Italian NPL ABS
The underlying portfolio is composed of secured and unsecured NPL loans originated by Unicredit S.p.A. and serviced by doValue S.p.A.
16/12/2025 Monitoring note
2025 change in Retail and Wholesale Rating Methodology with no impact on Ceconomy’s ratings
Revised Retail and Wholesale Rating Methodology in 2025 results in no rating impact on Ceconomy’s ratings.
16/12/2025 Research
Scope publishes new CRE Loan and CMBS Rating Methodology
Scope Ratings publishes its updated rating methodology for CRE securities and CMBS. All changes incorporated are non-material and affect no outstanding ratings. The proposed updates clarify and enhance the analytical approach.
15/12/2025 Rating announcement
Scope downgrades class A and affirms class B notes issued by BCC NPLs 2020 S.r.l. - Italian NPL ABS
The underlying portfolio of secured and unsecured NPL loans was originated by 90 Italian banks and is serviced by doValue S.p.A. and doNext S.p.A.
12/12/2025 Rating announcement
Scope affirms Vöröskő’s issuer rating at BB/Stable
The affirmation is driven by Vöröskő’s stable EBITDA and strong cash generation, which support robust credit metrics.
12/12/2025 Research
European Bank Outlook 2026: late-cycle headwinds put resilience to the test
We have a balanced base case for European banks going into 2026. Profitability is resilient, asset quality and capital buffers are solid. We have upgraded our profitability forecasts for 2026 and 2027. But several risk factors could test the outlook.
12/12/2025 Monitoring note
Updated rating report on UniCredit
Scope Ratings has updated its rating report on UniCredit, rated A with Stable Outlook.