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11/9/2024 Rating announcement
Scope affirms BB-/Stable issuer rating of Metál Hungária Holding Zrt.
The affirmation is driven by Scope's expectation that MHH's solid credit metrics will be maintained despite a challenging global construction market with high inflation and interest rates, supported by an adequate order backlog.
11/9/2024 Monitoring note
Scope has completed a monitoring review for Titan SPV S.r.l. - Italian NPL ABS
No action has been taken on Class A notes issued by Titan SPV S.r.l. following the monitoring review.
10/9/2024 Rating announcement
Scope affirms Daniella’s B+ issuer rating and revises Outlook to Negative from Stable
The negative rating action is based on the deterioration in credit metrics, which will continue to be negatively impacted by low but recovering operating profitability in 2024.
10/9/2024 Monitoring note
Scope has completed the monitoring review for the Series 2023-295 notes issued by SPIRE SA
No action has been taken on Series 2023-295 notes issued by SPIRE SA, a EUR 13.7m issuance of repackaged notes of AIB Group senior unsecured bonds due 2028.
10/9/2024 Monitoring note
Scope has completed the monitoring review for the Series 2023-124 notes issued by SPIRE SA
No action has been taken on Series 2023-124 notes issued by SPIRE SA, a EUR 7.8m issuance of repackaged notes of NatWest Group senior unsecured bonds due 2029.
10/9/2024 Monitoring note
Scope has completed the monitoring review for Juno 2 S.r.l. - Italian NPL ABS
No action has been taken on Class A notes issued by Juno 2 S.r.l. following the monitoring review.
10/9/2024 Research
French bank quarterly: net interest margins to remain low for longer
The recovery in net interest margins is taking longer than French banks initially anticipated, due to limited loan production and continuing migration of deposits to remunerated accounts, so improvements in cost efficiency are limited.
9/9/2024 Rating announcement
Scope affirms MFO Rico Express LLC's issuer rating at B+. Outlook is Stable
The rating affirmation reflects Rico Express’ leading position in the Georgian pawn loan market, and supportive solvency metrics.
6/9/2024 Monitoring note
Scope has completed a monitoring review for Japan
The periodic review has resulted in no rating action.
6/9/2024 Rating announcement
Scope affirms the Kingdom of Norway's AAA rating with Stable Outlook
The ratings are supported by Norway’s economic resilience, its large savings accumulated in its sovereign wealth fund and strong macroeconomic governance. Challenges include financial imbalances and its long-run economic transition.