Scope Ratings has updated its rating report on Danske Bank A/S, rated A+, with Positive Outlook.

Scope Ratings has updated its rating report on Pareto Bank ASA, rated BBB with Positive Outlook.

Scope Ratings has updated its rating report on Credit Foncier and Compagnie de Financement Foncier, rated A+, with Stable Outlook.

The rating on Compagnie de Financement Foncier’s French obligations foncières reflects the issuer's A+ rating enhanced by four notches from governance support. Five notches provide a buffer against an issuer downgrade.

The rating upgrade is based on the expectation of support from the new majority owner, Sparebanken Norge, after the successful merger between Sparebanken Vest and Sparebanken Sør.

The Positive Outlook reflects an improved capital position and liquidity profile as well as consistent prioritisation of risk-adjusted returns.

Scope Ratings has updated its rating report on OTP Bank, rated BBB+ with Stable Outlook.

The rating reflects the focused business model of microcredit lending in the Georgian financial sector, supportive earnings capacity and risk exposures and adequate financial viability management.

The rating affirmation reflects the bank’s continued solid operating performance.

Scope Ratings has updated its rating report on Georgian JSC Silk Bank, rated B- with Stable Outlook.