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      European utilities: liquidity improves; Uniper nationalisation, guarantees show state support vital

      22/9/2022 Research EN

      European utilities: liquidity improves; Uniper nationalisation, guarantees show state support vital

      Europe’s power utilities can put the summer’s liquidity crunch behind them as pressures ease in energy markets, but, with prices still high, state support, most visible in Germany’s planned nationalisation of Uniper, is crucial to avert a market collapse.

      Webinar: Outlook for Hungarian credits amid policy uncertainty, EU disputes, and energy crisis

      19/9/2022 Research EN

      Webinar: Outlook for Hungarian credits amid policy uncertainty, EU disputes, and energy crisis

      Thursday, September 29th 2022 - 3:00 PM (CEST) Join us for an in-depth discussion of our outlook for Hungarian sovereign, corporate and banking sector.

      European chemicals sector weathers gas-price shock; harder times ahead as recession, shortages loom

      19/9/2022 Research EN

      European chemicals sector weathers gas-price shock; harder times ahead as recession, shortages loom

      Europe’s chemicals sector faces a profit squeeze this quarter and next due to high natural gas prices and possible supply disruptions, having so far passed on higher costs to customers and maintained output – at least outside the fertiliser sector.

      Scope updates its Consumer Products Rating Methodology and calls for comments

      16/9/2022 Research EN

      Scope updates its Consumer Products Rating Methodology and calls for comments

      The proposed updates clarify and further refine Scope’s analytical approach. The methodology as proposed would have no impact on outstanding ratings.

      KPN green hybrid catches strong interest

      13/9/2022 Research EN

      KPN green hybrid catches strong interest

      Koninklijke KPN N.V. launched its EUR 500m green perpetual hybrid this morning, following a series of investor calls yesterday. Scope rates KPN on a subscription basis.

      Hungary: policy uncertainty, EU dispute test fiscal flexibility, effective response to energy crisis

      9/9/2022 Research EN

      Hungary: policy uncertainty, EU dispute test fiscal flexibility, effective response to energy crisis

      Hungary, like much of Central and Eastern Europe, faces tough economic challenges linked to the war in Ukraine, but uneven fiscal consolidation and regulation, and the unresolved dispute with the EU, jeopardise the effectiveness of government's response.

      Scope Group research - reader survey

      7/9/2022 Research EN

      Scope Group research - reader survey

      At Scope Group, reader feedback is important to us.

      European metals: smelter closures grab headlines; broader industry passes on rising costs for now

      2/9/2022 Research EN

      European metals: smelter closures grab headlines; broader industry passes on rising costs for now

      Soaring power costs are forcing the closure of electricity-intensive aluminium and zinc smelters across Europe, but buoyant commodity prices have left the broader European metals industry in good shape despite the energy crisis.

      Schuldschein private debt: ESG-linked, SME deals drive market toward record annual volumes

      24/8/2022 Research EN

      Schuldschein private debt: ESG-linked, SME deals drive market toward record annual volumes

      The Schuldschein private-debt market has attracted an unexpectedly large number of issuers so far this year, with active deal-making continuing in July and August, leaving full-year issuance headed toward a record EUR 30bn, says Scope Ratings.

      BT out with dual-tranche bond

      22/8/2022 Research EN

      BT out with dual-tranche bond

      British Telecommunications plc, guaranteed by BT Group plc, went into the market this morning with a euro-denominated senior unsecured bond. Scope rates BT on a subscription basis.