Announcements

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      Scope takes no action on Romania

      23/9/2022 Monitoring note

      Scope takes no action on Romania

      Monitoring review announcement

      Scope affirms the Republic of Malta's credit ratings at A+ and maintains the Stable Outlook

      23/9/2022 Rating announcement

      Scope affirms the Republic of Malta's credit ratings at A+ and maintains the Stable Outlook

      Strong growth potential, prudent fiscal policy management and robust external position are key credit strengths. Externally dependent resource-constrained economy, contingent fiscal risks and institutional shortcomings represent challenges.

      Scope downgrades class A notes of BCC NPLs 2019 S.r.l. - Italian NPL ABS

      23/9/2022 Rating announcement

      Scope downgrades class A notes of BCC NPLs 2019 S.r.l. - Italian NPL ABS

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

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

      22/9/2022 Monitoring note

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

      No action has been taken following the monitoring review.

      Scope assigns AAA(SF) to Series 9-2022 Class A of IBL’s Marzio Finance S.r.l. – Italian CQS ABS

      22/9/2022 Rating announcement

      Scope assigns AAA(SF) to Series 9-2022 Class A of IBL’s Marzio Finance S.r.l. – Italian CQS ABS

      Scope Ratings GmbH (Scope) has assigned a final rating to the Series 9-2022 Class A notes issued by Marzio Finance S.r.l., a static cash securitisation of a EUR 352.7m portfolio of payroll-deductible loans extended by IBL Banca to individuals in Italy.

      Italian NPL collections: May-July volumes stable but recovery strategies have changed

      22/9/2022 Research

      Italian NPL collections: May-July volumes stable but recovery strategies have changed

      Collections on Italian NPL securitisations fell 24% in July versus June but rose 7% year on year. Volumes in the May-July quarter have been stable since 2020 – EUR 459.9m, EUR 463.8m in 2021 and EUR 459.3m this year – but recovery strategies have changed.

      European utilities: liquidity improves; Uniper nationalisation, guarantees show state support vital

      22/9/2022 Research

      European utilities: liquidity improves; Uniper nationalisation, guarantees show state support vital

      Europe’s power utilities can put the summer’s liquidity crunch behind them as pressures ease in energy markets, but, with prices still high, state support, most visible in Germany’s planned nationalisation of Uniper, is crucial to avert a market collapse.

      Scope downgrades class B and affirms A issued by FT RMBS Prado IX - Spain RMBS

      21/9/2022 Rating announcement

      Scope downgrades class B and affirms A issued by FT RMBS Prado IX - Spain RMBS

      The notes are issued by FT RMBS Prado IX, a static EUR 488m cash securitisation of prime residential mortgage loans provided to individual borrowers and originated by UCI.

      Scope affirms BB-/Stable issuer credit rating on Hungarian tyre wholesaler MARSO

      21/9/2022 Rating announcement

      Scope affirms BB-/Stable issuer credit rating on Hungarian tyre wholesaler MARSO

      The affirmation reflects MARSO’s adequate financials after the completion of the logistics centre in Dunaharaszti amid challenging market conditions.

      Introducing a stress-test based approach to integrating climate-change risk into structured finance

      21/9/2022 Research

      Introducing a stress-test based approach to integrating climate-change risk into structured finance

      Integrating ESG factors into credit assessments is far from being standardised and market participants appear uncertain about best practices. Climate change is a key area of focus, as it strongly affects business activities across different geographies.