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7/6/2023 Rating announcement
Scope places Ilija Batljan Invest AB’s ratings under review for possible downgrade
The under-review status is driven by the strategic review pursued by the issuer’s core holding, SBB. Uncertainties bound to the strategic review have also led to weaker recovery expectations, prompting Scope to downgrade all issue ratings.
7/6/2023 Rating announcement
Samhällsbyggnadsbolaget I Norden AB downgraded to BBB-, placed under review for possible downgrade
The downgrade is driven by weaker interest coverage due to bond step-ups and the higher finance costs expected in the wake of SBB’s strategic review. The under-review status reflects uncertainty caused by the possible sale of all or part of SBB.
7/6/2023 Rating announcement
Scope affirms Progress Étteremhálózat Kft.’s issuer rating at BB/Stable
The rating actions reflect the resilient operating performance, good cash flow and the timely execution of investments resulting in a larger good-quality fixed-asset base and a better recovery assessment.
7/6/2023 Rating announcement
Scope downgrades Casino’s rating to CC from B, maintains it under review for a possible downgrade
The downgrade reflects the higher probability of debt restructuring after Casino’s initiation of a conciliation with creditors.
7/6/2023 Research
Webinar: Falling NPL ratios hide rising vulnerabilities
Tuesday, June 13th 2023 - 3:30 PM (CEST) We expect NPLs to rise as inflation and higher rates weigh on demand and profits, reversing the trend of the past decade. Join us for this webinar where Carola Saldias will talk about Scope's asset-quality outlook.
7/6/2023 Research
Webinar: European real estate: prepare for more pain from higher yields
Tuesday, June 20th 2023 - 3:00 PM (CEST) Sign up for this webinar to hear Scope analysts decipher the credit implications for European CRE, which is groaning under the weight of rising interest rates and sluggish economic activity.
6/6/2023 Rating announcement
Scope withdraws its ratings on BK Group AG
Scope has ceased analytical coverage on BK Group AG due to business reasons.
5/6/2023 Rating announcement
Scope affirms Corem Kelly’s issuer rating at BBB-/Stable
The rating affirmation is mainly driven by the strong business risk profile exemplified by the company’s market position in Sweden, while balance sheet management through disposals and debt repayments is helping to safeguard credit metrics.
5/6/2023 Rating announcement
Scope affirms BB rating on Evex Hospitals, with Stable Outlook
The rating affirmation reflects the company’s resilient operations, cash flow generation potential and ability to grow while maintaining moderate leverage.
5/6/2023 Rating announcement
Scope upgrades Hafslund’s issuer rating to A- from BBB+ and maintains the Positive Outlook
The upgrade follows significant improvements in Hafslund’s financials, which are likely to last due to elevated power prices. Further upside is reflected by the Positive Outlook, assuming leverage does not exceed 2.0x beyond 2025.