Announcements

    Drinks

      Scope affirms European Stability Mechanism’s AAA rating with Stable Outlook

      18/7/2025 Rating announcement

      Scope affirms European Stability Mechanism’s AAA rating with Stable Outlook

      A strong capital base, very high liquidity buffers, excellent capital market access and highly rated key shareholders support the rating. Concentration of sovereign borrower exposure and shareholder structure are challenges.

      Scope affirms the Kingdom of Spain’s credit ratings at A and maintains the Stable Outlook

      18/7/2025 Rating announcement

      Scope affirms the Kingdom of Spain’s credit ratings at A and maintains the Stable Outlook

      A resilient and diversified economy, favourable debt profile, and strong institutions are strengths; high public debt, structural unemployment, and ageing-related fiscal pressures are constraints.

      Scope has completed a monitoring review for the Land of Saxony-Anhalt

      18/7/2025 Monitoring note

      Scope has completed a monitoring review for the Land of Saxony-Anhalt

      The periodic review has resulted in no rating action.

      Scope affirms European Financial Stability Facility’s AA+ rating with Stable Outlook

      18/7/2025 Rating announcement

      Scope affirms European Financial Stability Facility’s AA+ rating with Stable Outlook

      Highly rated shareholders, a strong guarantee mechanism and favourable capital market access support the rating; challenges are concentrated sovereign borrower exposures and a concentrated shareholder base.

      Updated Rating Report on Georgian MFO Rico Express LLC

      18/7/2025 Monitoring note

      Updated Rating Report on Georgian MFO Rico Express LLC

      Scope Ratings has updated its rating report on Georgian MFO Rico Express LLC, rated B+ with Stable Outlook.

      Scope affirms OTP Bank’s BBB+ issuer rating with Stable Outlook

      18/7/2025 Rating announcement

      Scope affirms OTP Bank’s BBB+ issuer rating with Stable Outlook

      Rating affirmation reflects the group’s robust operating performance and strong prudential metrics.

      Scope publishes analytical report on Market Építő Zrt.

      17/7/2025 Monitoring note

      Scope publishes analytical report on Market Építő Zrt.

      Following the recent rating action on Market Építő Zrt. on 15 July 2025, Scope has released an associated analytical report.

      Scope affirms issuer rating of Tegeta Motors at BB- and assigns Negative Outlook

      17/7/2025 Rating announcement

      Scope affirms issuer rating of Tegeta Motors at BB- and assigns Negative Outlook

      The affirmation reflects Scope’s view that the issuer will refinance the bond maturing in December 2025 after securing adequate external liquidity. The negative outlook accounts for the risk that the funding structure will not improve as expected.

      France: multi-year budget plan supports fiscal outlook but great uncertainty remains

      17/7/2025 Research

      France: multi-year budget plan supports fiscal outlook but great uncertainty remains

      The government’s commitment to fiscal discipline is challenged by a rising interest burden, an economic slowdown and a fragmented and uncertain political environment weighing on the country’s fiscal and reform outlook.

      Scope has completed a monitoring review for CDP

      16/7/2025 Monitoring note

      Scope has completed a monitoring review for CDP

      The periodic review has resulted in no rating action.