.jpg)
.jpg)
.png)
.png)
17/9/2025 Rating announcement
Scope affirms B+/Stable issuer credit rating on Hungarian tyre wholesaler MARSO
The affirmation reflects MARSO’s unchanged leading market position and moderate financial risk profile despite economic headwinds.
17/9/2025 Research
Italian NPL collections: July broadly on trend in relative terms but actual collections down 35%
July collections fell 23% month-on-month, slightly better than the previous three years when average collections were 28% lower. But while July was relatively on trend, actual collections were 35% below the previous three-year average.
16/9/2025 Research
Federal Reserve runs risk of loosening before inflation is contained
The Fed’s expected 25bp rate cut on Wednesday appears premature given the latest increase in headline inflation to 2.9%, an economy still expanding at around 2%, the uncertain effects of higher tariffs and only modest signs of labour market softening.
16/9/2025 Rating announcement
Scope affirms the BBB+/Stable issuer rating of Hungary’s Magyar Telekom
The rating action reflects Scope’s view of Magyar Telekom’s strong and stable market position in the Hungarian mobile and fixed internet markets, and its robust financial risk profile.
15/9/2025 Monitoring note
Scope withdraws rating on DNBB’s NOK 50bn Covered Bond (ISIN NO0013056184)
The AAA rating of NOK 50bn (ISIN NO0013056184) covered bond issued by DNB Boligkreditt has been withdrawn as the note has been repurchased and cancelled out.
15/9/2025 Research
JD.com-backed Ceconomy to intensify competition in Europe’s consumer-electronics sector
The planned acquisition of Ceconomy AG by Chinese retailer JD.com could mark an important shift in European consumer-electronics retailing by creating a more formidable, deep-pocketed player in an already highly competitive sector.
12/9/2025 Rating announcement
Scope affirms European Bank for Reconstruction and Development’s AAA rating with Stable Outlook
Strong capitalisation, high liquidity buffers and excellent capital markets access, a very strong mandate and highly rated shareholders support the rating; relatively weak asset quality is the key challenge.
12/9/2025 Rating announcement
Scope affirms the Netherlands’ credit ratings at AAA with Stable Outlook
The ratings are supported by a wealthy and diversified economy, moderate public debt and a strong external position. High private sector indebtedness, exposure to global shocks and labour market duality are credit challenges.
12/9/2025 Rating announcement
Scope affirms Austria’s credit ratings at AA+ and changes the Outlook to Negative
High fiscal deficits, rising general government debt, and a modest growth outlook drive the outlook change. A wealthy and diversified economy, sound external position, stable banking sector, and strong debt affordability are credit strengths.
