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.

Rating action concludes review for possible upgrade initiated last May. Scope also upgrades senior unsecured debt to A+ from A in line with its bank rating methodology and assigns A rating to non-preferred senior debt. Negative Outlook on all ratings.