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      Updated Rating Report on Georgian MFO Rico Express LLC

      18/7/2025 Monitoring note

      Updated Rating Report on Georgian MFO Rico Express LLC

      Scope Ratings has updated its rating report on Georgian MFO Rico Express LLC, rated B+ with Stable Outlook.

      Scope affirms OTP Bank’s BBB+ issuer rating with Stable Outlook

      18/7/2025 Rating announcement

      Scope affirms OTP Bank’s BBB+ issuer rating with Stable Outlook

      Rating affirmation reflects the group’s robust operating performance and strong prudential metrics.

      Scope publishes analytical report on Market Építő Zrt.

      17/7/2025 Monitoring note

      Scope publishes analytical report on Market Építő Zrt.

      Following the recent rating action on Market Építő Zrt. on 15 July 2025, Scope has released an associated analytical report.

      Scope affirms issuer rating of Tegeta Motors at BB- and assigns Negative Outlook

      17/7/2025 Rating announcement

      Scope affirms issuer rating of Tegeta Motors at BB- and assigns Negative Outlook

      The affirmation reflects Scope’s view that the issuer will refinance the bond maturing in December 2025 after securing adequate external liquidity. The negative outlook accounts for the risk that the funding structure will not improve as expected.

      France: multi-year budget plan supports fiscal outlook but great uncertainty remains

      17/7/2025 Research

      France: multi-year budget plan supports fiscal outlook but great uncertainty remains

      The government’s commitment to fiscal discipline is challenged by a rising interest burden, an economic slowdown and a fragmented and uncertain political environment weighing on the country’s fiscal and reform outlook.

      Scope has completed a monitoring review for CDP

      16/7/2025 Monitoring note

      Scope has completed a monitoring review for CDP

      The periodic review has resulted in no rating action.

      Scope has completed a monitoring review for Poste Italiane S.p.A.

      16/7/2025 Monitoring note

      Scope has completed a monitoring review for Poste Italiane S.p.A.

      The periodic review has resulted in no rating action.

      Covered Bond Quarterly: higher mortgage rates highlight need for macroprudential measures in Europe

      16/7/2025 Research

      Covered Bond Quarterly: higher mortgage rates highlight need for macroprudential measures in Europe

      Higher mortgage rates have increased pressure on housing affordability. Longer fixed-rate mortgages periods limit the risk of shocks to the banking system and support the resilience of euro-area mortgage markets.

      Scope upgrades Banca Popolare di Sondrio’s issuer rating to BBB+, revises Outlook to Stable

      15/7/2025 Rating announcement

      Scope upgrades Banca Popolare di Sondrio’s issuer rating to BBB+, revises Outlook to Stable

      The upgrade reflects Scope’s view that BPS will become part of the stronger BPER group.

      Scope affirms BB-/Stable issuer rating on Market Építő Zrt.

      15/7/2025 Rating announcement

      Scope affirms BB-/Stable issuer rating on Market Építő Zrt.

      The affirmation reflects a robust but concentrated order backlog and solid credit metrics. Some pressure is expected from new debt to finance real estate developments.