The issuer rating continues to be supported by strong financial performance and progress on diversification. It is held back by the company’s small size.

Scope Ratings calls for comments on its Sub-sovereigns Rating Methodology by 17 September 2022. The proposed update strengthens and refines Scope’s analytical approach. No rating impact expected

European bank Tier 2s have found solid investor support this week. ING Groep and Swedbank in euros and Svenska Handelsbanken in sterling received solid oversubscription levels. Scope rates all three banks on a subscription basis. See links below.

The rating is driven by Aker’s low leverage and its controlled total cost coverage, balancing cash inflows and outflows. The liquidity of the company’s assets further benefits the rating.

Foreign debt restructuring drives the sovereign credit rating downgrade to selective default (SD).

Scope Ratings GmbH (Scope) downgrades class A and affirms class B notes issued by PoP NPLs 2019 S.r.l. following a performance review.

Only half of companies in Germany’s benchmark DAX-40 stock market index have reported on more than four of 16 categories for indirect greenhouse gas emissions, presenting fund managers with a headache as new EU environmental regulations come into force.

Austria’s robust economy, favourable debt profile, low private and external indebtedness and sound banking system support the rating. A high public debt stock and rising long-term spending pressures are challenges.

Monitoring review announcement

Monitoring review announcement