Announcements

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      Webinar: European real estate: prepare for more pain from higher yields

      31/5/2023 Research EN

      Webinar: European real estate: prepare for more pain from higher yields

      Tuesday, June 20th 2023 - 3:00 PM (CEST)

      European consumer goods: steady credit outlook for large FMCG firms despite volume, cost pressures

      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.

      Scope publishes new rating methodology for investment holding companies

      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

      Scope proposes an update to its Government Related Entities Rating Methodology and calls for comment

      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.

      European telecoms: Why is growth elusive? How big is the capex challenge?

      2/5/2023 Research EN

      European telecoms: Why is growth elusive? How big is the capex challenge?

      Thursday, May 25th 2023 - 12:00 PM (CEST)

      Real Estate Insight - April 2023

      27/4/2023 Research EN

      Real Estate Insight - April 2023

      European residential real estate firms face price, interest-cover pressure; refinancing risk intensifies for CMBS; covered bonds to shine as go-to product in troubled times; higher rates challenge open-ended real estate funds.

      European residential real estate firms face up to 10% fall on average in fair values by end-2024

      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.

      Scope Ratings publishes final Chemical Corporates Rating Methodology

      17/4/2023 Research EN

      Scope Ratings publishes final Chemical Corporates Rating Methodology

      The methodology is now final following a call-for-comments period and will apply to all issuer and debt ratings of chemical corporates. The methodology update has no impact on outstanding ratings.

      Retailing bankruptcy risk grows in Europe: business failures to rise after slowdown in 2021-2022

      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.

      UK telcos: fibre investment surge to squeeze medium-term interest cover, profit margins

      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.