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      Scope affirms BBB-/Stable issuer rating of Germany’s investment holding Haniel

      17/4/2025 Rating announcement

      Scope affirms BBB-/Stable issuer rating of Germany’s investment holding Haniel

      The affirmation is driven by Haniel’s continuously good financial risk profile which offsets the persistent concentration risks on the holding’s recurring income and asset values.

      Scope provides update on Siena 2018 NPL S.r.l. after an amendment to the transaction documents

      17/4/2025 Monitoring note

      Scope provides update on Siena 2018 NPL S.r.l. after an amendment to the transaction documents

      The amendment to the special servicer agreements will not in itself result in a rating action or withdrawal of the current class A note rating.

      Trade tensions, OPEC+ production hikes weigh down on oil & gas credit outlook

      17/4/2025 Research

      Trade tensions, OPEC+ production hikes weigh down on oil & gas credit outlook

      Five years after the pandemic and the collapse of the output agreement between OPEC and Russia sent oil prices into free fall, oil markets face another shock, this time from changes in US trade policy and in the OPEC+ group’s production limits.

      Scope upgrades ratings on Alba 12 and 13 SPV S.r.l.

      17/4/2025 Rating announcement

      Scope upgrades ratings on Alba 12 and 13 SPV S.r.l.

      The securitised lease portfolios were originated by Alba leasing and were mainly granted to Italian SMEs for the purpose of financing transportation, equipment, and real estate assets.

      Scope affirms Aurskog Sparebank’s issuer rating at A- with Stable Outlook

      16/4/2025 Rating announcement

      Scope affirms Aurskog Sparebank’s issuer rating at A- with Stable Outlook

      The rating reflects the Norwegian bank’s focused savings bank business model, solid earnings and sound prudential metrics.

      Updated rating report on Banca Popolare di Sondrio

      16/4/2025 Monitoring note

      Updated rating report on Banca Popolare di Sondrio

      Scope Ratings has updated its rating report on Banca Popolare di Sondrio, rated BBB with Positive Outlook.

      Scope affirms B+ issuer rating on consumer goods company Naturtex and revises Outlook to Stable

      15/4/2025 Rating announcement

      Scope affirms B+ issuer rating on consumer goods company Naturtex and revises Outlook to Stable

      The Outlook change is driven by the recovery in demand for Naturtex’s discretionary products and its profitability which have resulted in an improved financial risk profile.

      Scope has completed the periodic review of Virtuo Finance Sarl

      15/4/2025 Monitoring note

      Scope has completed the periodic review of Virtuo Finance Sarl

      This publication does not constitute a rating action.

      Sovereign credit: US policy shifts point to tariff-light, trade-war, economic-crisis scenarios

      15/4/2025 Research

      Sovereign credit: US policy shifts point to tariff-light, trade-war, economic-crisis scenarios

      Three scenarios for the sovereign credit outlook have emerged from the uncertainty over US trade policy – "tariff-light", trade war, or a wider economic and financial crisis including the introduction of US capital controls – says Scope Ratings.

      Scope proposes an update to its Chemicals Rating Methodology and invites comments

      14/4/2025 Research

      Scope proposes an update to its Chemicals Rating Methodology and invites comments

      Scope Ratings calls for comments on its Chemicals Rating Methodology by 14 May 2025. The update strengthens, refines and further clarifies the analytical approach. The methodology as proposed might have a positive impact of one notch for one rated entity.