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      Belgium: nationalist parties raise risk of political gridlock and deterioration of fiscal outlook

      14/6/2024 Research

      Belgium: nationalist parties raise risk of political gridlock and deterioration of fiscal outlook

      Strong momentum behind the Flemish nationalists and separatists in Belgium’s federal election aggravates political fragmentation and polarization. It complicates forming a new government and the consolidation of public finances, a key credit challenge.

      Scope affirms Schibsted’s BBB issuer rating and revises the Outlook to Positive

      13/6/2024 Rating announcement

      Scope affirms Schibsted’s BBB issuer rating and revises the Outlook to Positive

      The Positive Outlook reflects Scope’s expectations of strongly improved credit metrics following the divestment of the news media operations and reorganisation of the company.

      Scope has completed the monitoring review for Riviera NPL S.r.l. - Italian NPL ABS

      12/6/2024 Monitoring note

      Scope has completed the monitoring review for Riviera NPL S.r.l. - Italian NPL ABS

      No action has been taken on Class A and Class B notes issued by Riviera NPL S.r.l. following the monitoring review.

      Europe’s shifting political landscape, limited fiscal space are challenges to closing investment gap

      12/6/2024 Research

      Europe’s shifting political landscape, limited fiscal space are challenges to closing investment gap

      To bolster European security, defence, and strategic independence while improving competitiveness, the EU needs deeper capital markets and extra EU-level funding for the necessary investments. Growing political fragmentation is complicating the task.

      Scope withdraws its UK Social Housing Providers Rating Methodology

      11/6/2024 Research

      Scope withdraws its UK Social Housing Providers Rating Methodology

      The methodology has been withdrawn for business reasons.

      Scope assigns SD to Vasútvill Kft.

      11/6/2024 Rating announcement

      Scope assigns SD to Vasútvill Kft.

      The assignment of a selective default status follows the company’s failure to redeem its senior unsecured bond due on 3 June 2024.

      Scope affirms Globe Trade Centre’s BBB- issuer rating and revises Outlook to Negative

      10/6/2024 Rating announcement

      Scope affirms Globe Trade Centre’s BBB- issuer rating and revises Outlook to Negative

      The Outlook change is driven by credit metrics that are on the verge of deteriorating to levels that are not commensurate with the rating, coupled with increased refinancing risk related to the 2026 bond, which is being addressed by deleveraging efforts.

      Updated rating report on Finbureau LLC

      10/6/2024 Monitoring note

      Updated rating report on Finbureau LLC

      Scope Ratings has updated its rating report on Georgia-based Finbureau LLC, rated B with Stable Outlook.

      Scope has completed a monitoring review of EFL Lease ABS 2021-1 DAC - SME Auto & Equipment leasing

      10/6/2024 Monitoring note

      Scope has completed a monitoring review of EFL Lease ABS 2021-1 DAC - SME Auto & Equipment leasing

      No rating action has been taken following the monitoring review.

      France’s snap election raises uncertainty on fiscal consolidation and policy agenda

      10/6/2024 Research

      France’s snap election raises uncertainty on fiscal consolidation and policy agenda

      The outcome of France’s snap legislative election could further limit government’s ability to tackle its most urgent credit challenges, including consolidating public finances, if opposition parties strengthen their grip on the National Assembly.