23/12/2024 Rating announcement EN
Scope affirms Corem Property Group’s BBB-/Negative rating
The rating affirmation reflects the company's prudent efforts to deleverage and strengthen its balance sheet, including through capital increases, while the continued Negative Outlook reflects the risk of credit metrics remaining below Scope's thresholds.
23/12/2024 Rating announcement EN
Scope affirms A+ issuer rating on Mercedes-Benz Group AG and revises Outlook to Negative from Stable
The Negative Outlook reflects the challenging business climate in 2024 and the dim outlook for 2025. A very strong financial risk profile is the key support. The ratings have been converted into unsolicited public ratings for business reasons.
23/12/2024 Rating announcement EN
Scope affirms A+ rating on Mercedes-Benz Manufacturing Hungary Kft., revises Outlook to Negative
The rating of Mercedes-Benz Manufacturing Hungary Kft. is aligned with the rating on Mercedes-Benz Group AG, reflecting the latter’s explicit guarantee on an outstanding bond and Mercedes-Benz Group’s implicit guarantee to the rated entity.
20/12/2024 Rating announcement EN
Scope places BB rating of B+N under review for a developing outcome
The rating action follows the acquisition of KÖBERL Group by B+N, a German FM services provider, which could improve the issuer’s business risk profile at the cost of higher leverage and an overall deterioration in credit metrics.
20/12/2024 Monitoring note EN
Scope has completed a monitoring review for Air Liquide
No action has been taken on the A/Positive corporate issuer rating on Air Liquide S.A. and its financing subsidiary Air Liquide Finance S.A. Similarly, no action was taken on the S-1 short-term rating and A senior unsecured debt rating.
19/12/2024 Rating announcement EN
Scope assigns first-time issuer rating of B-/Positive to DEMIRE
The rating is supported by the recent bond restructuring, which provides time to continue with the divestment plan to reduce leverage and stabilise the capital structure. The rating is constrained by ongoing refinancing risk.