Rating affirmation reflects the ongoing resilience of the bank's business and operating performance.

The first-time issuer rating of B+ and short-term rating of S-4 reflect Rico Express' established position in Georgia's pawn loan and money transfer segments, with strong solvency and liquidity metrics in recent years.

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

Scope Ratings has updated its report on the obligations focières (French covered bonds) issued by Compagnie de Financement Foncier.

Scope Ratings has updated its report on the Hypothekenpfandbriefe (Austrian mortgage-covered bonds) issued by Bank Burgenland.

The issuer's credit strength combined with governance and cover pool support results in highest rating. The soft-bullet profile and overcollateralisation reduce risks from maturity mismatches and low-LTV cover assets are resilient to high stresses.

Scope Ratings has updated its rating report on Crédit Foncier de France SA.

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

The A- issuer rating combined with governance and cover pool support results in highest ratings. The low-LTV cover assets are resilient to high stresses. Soft-bullet profile and overcollateralsiation reduce risks from maturity mismatches.

The change in Outlook is driven by the weakening macroeconomic conditions in the CEE region and the group's high exposure to growing sovereign risk.