Announcements

    Drinks

      Scope downgrades biofuels producer Envien’s issuer rating to BB-/Negative from BB/Stable

      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.

      Scope affirms Norwegian integrated utility Å Energi’s A-/Stable issuer rating

      10/3/2025 Rating announcement EN

      Scope affirms Norwegian integrated utility Å Energi’s A-/Stable issuer rating

      The Stable Outlook reflects good business and financial risk profiles, which remain commensurate with the rating. However, rating headroom has shrunk amid recent strategic investments.

      Scope affirms issuer rating of Fnac Darty at BBB and assigns Stable Outlook

      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.

      Scope affirms BBB- issuer rating of Danish ferry, logistics firm DFDS, revises Outlook to Negative

      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.

      Scope assigns first-time issuer rating of BBB/Stable to Norway’s utility SFE

      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.

      Scope places Tegeta Motors ratings under review after updating General Corporate Rating Methodology

      26/2/2025 Rating announcement EN

      Scope places Tegeta Motors ratings under review after updating General Corporate Rating Methodology

      The rating action follows the publication of Scope’s updated General Corporate Rating Methodology, which is likely to have a negative impact.

      Scope downgrades Pannonia Bio’s issuer rating to BB- from BB and places all ratings under review

      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.

      Scope has completed a monitoring review for Hungarian oil and gas company MOL

      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.

      Scope has downgraded LANXESS issuer rating to BBB- and maintained the Negative Outlook

      19/2/2025 Rating announcement EN

      Scope has downgraded LANXESS issuer rating to BBB- and maintained the Negative Outlook

      The downgrade is due to deleveraging occurring more slowly than expected, as profitability has not recovered to its historical levels.

      Scope affirms Sweden’s SBB i Norden’s issuer rating at CCC/Stable and withdraws all ratings

      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.