
25/5/2023 Research EN
European consumer goods: steady credit outlook for large FMCG firms despite volume, cost pressures
Europe’s fast-moving consumer-goods sector is set for a partial recovery in Ebitda margins toward pre-Covid levels this year on single-digit percentage revenue growth, ensuring at least a stable credit outlook for investment-grade firms with top brands.

19/5/2023 Research EN
Scope publishes new rating methodology for investment holding companies
The methodology is now final following a call-for-comments period and will apply to all issuer and debt ratings of investment holding companies. The application of the methodology will have a positive impact on a very limited number of outstanding ratings

5/5/2023 Research EN
Scope proposes an update to its Government Related Entities Rating Methodology and calls for comment
Scope Ratings calls for comments on its Government Related Entities Rating Methodology by 05 June 2023. The proposed update refines and further clarifies Scope’s analytical approach.

24/4/2023 Research EN
European residential real estate firms face up to 10% fall on average in fair values by end-2024
Fair values of residential real estate portfolios of Europe’s top property investment firms will fall by as much as 10% on average by the end of next year as yields rise. Rental income growth is unlikely to offset higher cost of debt in the medium term.

13/4/2023 Research EN
Retailing bankruptcy risk grows in Europe: business failures to rise after slowdown in 2021-2022
Europe’s retail sector is in danger of a new wave of bankruptcies as high inflation, slowing economic growth and the phasing out of pandemic- and energy-related government support for households and business take effect, says Scope Ratings.

5/4/2023 Research EN
UK telcos: fibre investment surge to squeeze medium-term interest cover, profit margins
UK telecom operators will struggle to deleverage in the medium term as they are in the middle of an upswing in the capital expenditure cycle, driven by increased investment in fibre networks, amid increasing interest rates and resurgent inflation.