Scope Ratings has updated its issuer report on ING Groep N.V., rated AA- with Stable Outlook.

The rating reflects the group’s resilient and diversified business model, supportive earnings capacity and adequate buffers to prudential requirements.

The rating continues to benefit from the groups’ well-executed geographical diversification, with solid franchises in several European countries and strong financial fundamentals.

The rating reflects the bank’s well-established regional banking model, robust capitalisation and solid profitability metrics. Some asset quality risk, amid a weak macro-economic environment, is the main credit challenge.

The rating reflects the group’s well diversified business model, solid fundamentals, and capital optimisation in line with the adjusted CET1 ratio target.

The rating reflects sustained and improved earnings capacity, and solid and stable financial metrics. Continued weak economic performance in Germany represents the main challenge, although the group has navigated this challenge well so far.

The rating on Hypo-Bank Burgenland AG’s Austrian mortgage covered bonds (Hypothekenpfandbriefe) reflects the issuer's A- rating enhanced by six notches from governance and cover pool support. Two notches provide a buffer against an issuer downgrade.

Strong integration with the government, high likelihood of exceptional support and sound fundamentals support the rating. The Outlook revision of the Italian Republic sovereign rating, to which CDP’s ratings are aligned, reflects the Positive Outlook.

Scope Ratings has updated its rating report on the Obligasjoner med fortrinnsrett (Norwegian mortgage-covered bonds) issued by Landkreditt Boligkreditt AS

Scope Ratings has updated its rating report on BAPS, rated BBB-/Stable.