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      Credit Talk: Europe’s airline sector faces tough financing, operating conditions

      17/5/2022 Research EN

      Credit Talk: Europe’s airline sector faces tough financing, operating conditions

      Europe’s airline sector faces difficult financing and operating conditions, squeezed by rising interest rates and surging fuel prices even as air traffic recovers from the pandemic, forcing airlines to again adapt their strategies.

      Webinar: Opportunities in energy infrastructure within Europe’s long-term energy re-orientation

      13/5/2022 Research EN

      Webinar: Opportunities in energy infrastructure within Europe’s long-term energy re-orientation

      Replay from 12.05.2022

      Scope updates its rating definitions

      9/5/2022 Research EN

      Scope updates its rating definitions

      Scope updates and clarifies its definition of default and long-term vs short-sterm correspondance table. This update does not impact any outstanding credit ratings.

      TenneT EUR 3.85bn four-tranche green bond 2.5x covered

      3/5/2022 Research EN

      TenneT EUR 3.85bn four-tranche green bond 2.5x covered

      TenneT Holding, a Dutch government-related entity that manages two major transmission system operators, generated investor orders of more than EUR 9.7bn today for its EUR 3.85bn four-tranche senior unsecured green bond.

      Scope ESG Insight

      27/4/2022 Research EN

      Scope ESG Insight

      Oil-sector race to reduce carbon footprint; CLOs lead on structured-finance ESG standards; Europe rethinks nuclear power; US takes pragmatic disclosure route

      Scope Ratings publishes final rating methodology for retail and wholesale corporates

      27/4/2022 Research EN

      Scope Ratings publishes final rating methodology for retail and wholesale corporates

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

      European telecoms: operators’ infrastructure sell-off set to slow; credit metrics little improved

      20/4/2022 Research EN

      European telecoms: operators’ infrastructure sell-off set to slow; credit metrics little improved

      Europe’s most indebted telecom operators have led the way in selling off infrastructure assets ostensibly to improve their balance sheets, only to end up reliant on long-term tower leases, with little net impact on leverage.

      TotalEnergies and Repsol lead, Gazprom lags in oil-sector race to reduce CO2 impacts

      11/4/2022 Research EN

      TotalEnergies and Repsol lead, Gazprom lags in oil-sector race to reduce CO2 impacts

      France’s TotalEnergies SE and Spain’s Repsol SA set the standard among European integrated oil and gas companies in oil-sector progress towards carbon neutral targets, with Russia’s Gazprom PAO at the other end of spectrum, says Scope ESG Analysis.

      Russia-Ukraine War - Ratings and Research Update

      31/3/2022 Research EN

      Russia-Ukraine War - Ratings and Research Update

      Russia’s sovereign ratings withdrawn; Russia’s rouble demands complicate energy stand-off; Europe’s delicate oil and gas balancing act; exiting Russia is a must for European banks; chemicals sector squeezed. 

      Climate disclosure: US splits from Europe with pragmatic draft SEC rules for US-listed companies

      30/3/2022 Research EN

      Climate disclosure: US splits from Europe with pragmatic draft SEC rules for US-listed companies

      The US Securities and Exchange Commission (SEC) has taken a more targeted, pragmatic approach to climate reporting for large, listed companies than that planned in Europe in response to concerns about the complexity, cost and reliability of disclosure.