29/10/2024 Research
Covered Bond Quarterly: Reviving publicly guaranteed collateral could boost European competitiveness
With sovereign credit quality reflecting fiscal and economic challenges, the Draghi report offered valuable insights into how to address some structural issues facing the euro area. But the report was notably silent on the contribution of covered bonds.
29/10/2024 Research
DNB’s acquisition of Carnegie enhances business model and Nordic footprint
DNB’s acquisition of Carnegie, subject to regulatory approval, marks a strategic move that strengthens the Norwegian lender’s business model while opening up growth opportunities in the Nordic region.
28/10/2024 Rating announcement
Scope affirms Landkreditt Boligkreditt's mortgage covered bonds at AAA/Stable
The rating on Landkreditt Boligkreditt's Norwegian covered bonds reflects the issuer rating enhanced by eight notches from governance and cover pool support. Stable performance and two notches buffer against an issuer downgrade.
28/10/2024 Monitoring note
Scope has completed a monitoring review for HT Abanca RMBS II FT - Spanish RMBS
No action has been taken on Class A notes issued by HT Abanca RMBS II FT following the monitoring review.
28/10/2024 Rating announcement
Scope affirms S-1 short-term debt rating on Axpo Holding and financing subsidiary Axpo International
The short-term debt rating is based on the high credit quality of the issuers which remains driven by a solid business risk profile, a strong financial risk profile and Axpo’s status as a government-related entity, paired with a robust liquidity profile.
28/10/2024 Research
United States: debt-ceiling crises and fiscal imbalances cloud outlook despite strengths
Public finances in the US remain the main macro-economic challenge, which, in the context of the country’s flawed fiscal framework and political polarisation, will continue to deteriorate, but to different degrees depending on the election outcome.
25/10/2024 Monitoring note
Scope has completed a monitoring review for the Land of Saxony-Anhalt
The periodic review has resulted in no rating action.
25/10/2024 Rating announcement
Scope abaisse la note de la CADES à AA- et revise la perspective à Stable
L'abaissement de la note de la CADES est justifié par l'alignement de la note avec celle de la République française.
25/10/2024 Rating announcement
Scope downgrades Caisse d'Amortissement de la Dette Sociale to AA- and revises the Outlook to Stable
CADES' ratings are aligned with the French sovereign ratings, driving the downgrade.