
11/3/2025 Rating announcement EN
Scope downgrades biofuels producer Envien’s issuer rating to BB-/Negative from BB/Stable
The downgrade reflects business risk and financial risk profiles weakened by ongoing sector volatility. The Negative Outlook highlights the persisting pressure on credit metrics, reducing Envien’s headroom to a lower rating.

10/3/2025 Rating announcement EN
Scope affirms issuer rating of Fnac Darty at BBB and assigns Stable Outlook
The rating action reflects Scope’s views that the acquisition of Unieuro is credit-neutral, as the temporary increase in leverage is balanced by enhanced diversification and market positioning.

7/3/2025 Rating announcement EN
Scope affirms BBB- issuer rating of Danish ferry, logistics firm DFDS, revises Outlook to Negative
The Negative Outlook reflects the weaker credit metrics observed in 2024, which will continue to be negatively impacted by profitability pressures in 2025, increasing the likelihood of a weaker financial risk profile for an extended period.

4/3/2025 Rating announcement EN
Scope assigns first-time issuer rating of BBB/Stable to Norway’s utility SFE
The rating is underpinned by Sogn og Fjordane Energi AS' low-cost and environmentally friendly hydropower generation and strong credit metrics. The high volatility of achievable power prices and low diversification are constraints.

20/2/2025 Rating announcement EN
Scope downgrades Pannonia Bio’s issuer rating to BB- from BB and places all ratings under review
The downgrade reflects weaker business and financial risk profiles which are impacted by ongoing volatile sector dynamics. The under-review placement reflects pending risks related to unresolved waiver approval discussions.

19/2/2025 Monitoring note EN
Scope has completed a monitoring review for Hungarian oil and gas company MOL
No action has been taken on the BBB-/Positive issuer rating on MOL Nyrt. and its financing subsidiary MOL Group Finance Zrt. Similarly, no action was taken on the S-2 short-term debt rating and BBB- senior unsecured debt rating.

14/2/2025 Rating announcement EN
Scope affirms Sweden’s SBB i Norden’s issuer rating at CCC/Stable and withdraws all ratings
The affirmation follows a debt exchange into subsidiary SBB i Norden Holding and the subsequent withdrawal of legal proceedings brought by a sole hedge fund bondholder regarding an alleged breach of the interest coverage covenant in 2022.