Announcements
Drinks
Instrument data
                    
                                        Issuer
                                    
                                    
                                
                                        Senority
                                    
                                    
                                        Senior Unsecured
                                    
                                
                                        Currency
                                    
                                    
                                        EUR
                                    
                                
                                            ISIN
                                        
                                        
                                            EU000A4DMLE2
                                        
                                    
                                        Coupon percent
                                    
                                    
                                        0%
                                    
                                
                                        Coupon type
                                    
                                    
                                        Fixed:Zero Coupon
                                    
                                
                                        Instrument volume
                                    
                                    
                                        1,081,600,000
                                    
                                
                                        Maturity date
                                    
                                    
                                        19/02/2026
                                    
                                -
                                
                                    
                                            S-1+
                                    
                                    
                                        Outlook:
                                        
                                            Stable
                                        
                                    
                                    
                                        
                                    
                                
                                
                                    
                                            S-1+
                                    
                                        
                                        Outlook:
                                            Stable
                                    
                                    
                                        
                                    
                                
                            Latest change
                                
                                            
                                                New
                                        
                                        
                                            
                                            20/08/2025
                                        
                                    General information
                                
                                                                
                                                                Rating
                                                            
                                                            
                                                                
                                                                Public
                                                            
                                                            
                                                                
                                                                Solicited
                                                            
                                                            
                                                                
                                                                    With issuer participation
                                                            
                                                            
                                                                
                                                                UK endorsed
                                                            
                                                            
                                                                
                                                                EU Rated
                                                            
                                                    Julian Zimmermann
                                                                    Lead analyst
                                                            Alvise Lennkh-Yunus
                                                                    Committee chair
                                                             
                                18/7/2025 Rating announcement EN
Scope affirms European Stability Mechanism’s AAA rating with Stable Outlook
A strong capital base, very high liquidity buffers, excellent capital market access and highly rated key shareholders support the rating. Concentration of sovereign borrower exposure and shareholder structure are challenges.
| Date | Title | 
|---|
