Announcements

    Drinks

      Scope affirms Class A and upgrades Class Z and B - Spanish RMBS notes issued by FT RMBS Prado VIII

      2/12/2024 Rating announcement

      Scope affirms Class A and upgrades Class Z and B - Spanish RMBS notes issued by FT RMBS Prado VIII

      The EUR 480m underlying portfolio of residential mortgages was originated to private individuals by Unión de Créditos Inmobiliarios, S.A., Establecimiento Financiero de Crédito.

      Scope affirms Class A and upgrades Class B - Spanish RMBS notes issued by FT RMBS Prado VII

      2/12/2024 Rating announcement

      Scope affirms Class A and upgrades Class B - Spanish RMBS notes issued by FT RMBS Prado VII

      The EUR 515m underlying portfolio of residential mortgages was originated to private individuals by Unión de Créditos Inmobiliarios, S.A., Establecimiento Financiero de Crédito.

      Scope affirms the BB- issuer rating on 4iG and revises the Outlook to Stable from Positive

      2/12/2024 Rating announcement

      Scope affirms the BB- issuer rating on 4iG and revises the Outlook to Stable from Positive

      The rating action reflects Scope’s expectations of delayed deleveraging amid ongoing transactions impacting financial trajectory.

      Scope has completed a monitoring review for the Republic of Italy

      29/11/2024 Monitoring note

      Scope has completed a monitoring review for the Republic of Italy

      The periodic review has resulted in no rating action.

      Scope affirms and publishes Madrid’s A ratings with a Stable Outlook

      29/11/2024 Rating announcement

      Scope affirms and publishes Madrid’s A ratings with a Stable Outlook

      Strong budgetary performance, robust access to financial markets, and a wealthy, diversified economy support the rating. High, though declining debt burden and limited budgetary flexibility are constraints.

      Scope has completed a monitoring review for the European Investment Bank

      29/11/2024 Monitoring note

      Scope has completed a monitoring review for the European Investment Bank

      The period review has resulted in no rating action.

      Italian CQS ABS: Marzio Finance performance snapshot

      29/11/2024 Research

      Italian CQS ABS: Marzio Finance performance snapshot

      Scope Ratings has published the performance overview of notes issued by Marzio Finance, a EUR 10bn securitisation programme backed by ‘cessione del quinto’ and ‘delegazione di pagamento’ (CQS) loans originated by IBL Banca.

      Scope downgrades Textura’s issuer rating to C and places ratings under review for possible downgrade

      28/11/2024 Rating announcement

      Scope downgrades Textura’s issuer rating to C and places ratings under review for possible downgrade

      The downgrade is driven by the liquidity crunch the issuer is facing due to the covenant-related debt acceleration. The ratings are placed under review for a possible downgrade due to the immediate risk of selective default.

      Scope affirms Totens Sparebank Boligkreditt's mortgage covered bonds at AAA/Stable

      28/11/2024 Rating announcement

      Scope affirms Totens Sparebank Boligkreditt's mortgage covered bonds at AAA/Stable

      Merger of Totens Sparebank with Sparebank 1 Østlandet is credit neutral for TSBBs covered bonds while protection against downgrades increased; rating stability expected until covered bond programme is wound down.

      Scope withdraws ratings on Totens Sparebank following completed merger with SpareBank 1 Østlandet

      28/11/2024 Rating announcement

      Scope withdraws ratings on Totens Sparebank following completed merger with SpareBank 1 Østlandet

      SpareBank 1 Østlandet has acquired all the assets, rights and obligations of Totens Sparebank.