In the context of Scope Ratings’ strategy of focussing on the needs of institutional investors, Scope will offer its unsolicited bank and covered bond credit ratings on a subscription basis only via its credit intelligence platform.

Scope also affirmed all other existing ratings on various HSBC group entities. All ratings have a Stable Outlook.

Scope Ratings has updated its rating report on HSBC Holdings plc’s AT1 securities.

The rating actions include new ratings on AT1 securities and an upgrade of Barclays plc’s AT1 securities. In addition, this is the first time that Scope rates the AT1 securities of The Royal Bank of Scotland Group plc.