9/12/2025 Rating announcement
Scope affirms BNP Paribas’ AA- issuer rating with Stable Outlook
The rating is supported by BNP Paribas’s very resilient business model, supportive profitability and asset quality, and adequate buffers to prudential requirements based on the lighter risk intensity of the balance sheet.
9/12/2025 Rating announcement
Scope affirms Credit Agricole SA’s AA- issuer rating with Stable Outlook
The rating reflects the bank’s very resilient business model that combines banking, wealth management and insurance. Profitability is relatively modest compared to peers but supported by strong asset quality and a solid capital position.
9/12/2025 Rating announcement
Scope upgrades class A notes and affirms class B notes issued by Ibla S.r.l. – Italian NPL ABS
The underlying portfolio is composed of secured and unsecured NPL loans sold by Banca Agricola Popolare di Ragusa S.C.p.A. and serviced by Phoenix Asset Management.
9/12/2025 Monitoring note
Scope has completed the periodic review of UK Logistics 2024-2 DAC – UK CMBS
This publication does not constitute a rating action.
9/12/2025 Monitoring note
Scope has updated its analytical report on Sanofi S.A.
Following the recent affirmation of the AA/Stable issuer rating, Scope has updated its analytical report on Sanofi S.A.
8/12/2025 Research
Perspectives économiques mondiales 2026 : risques financiers, commerce, dette et géopolitique
Les économies mondiale et européenne demeurent résilientes, même en tenant compte du ralentissement mondial modéré de 2025. Mais les risques pesant sur la reprise augmentent, soulignant des perspectives négatives à moyen terme.
8/12/2025 Research
From buzz to balance: private credit faces challenges but structural growth prospects remain solid
The buzz around private credit since First Brands’ bankruptcy shows that investors need to be alert to the risks of engaging with this market. But it is also important not to exaggerate the credit risks or rate of growth of this market.
8/12/2025 Monitoring note
Deutsche Konsum’s EGM approves capital increase to enable restructuring plan execution
The decision made at Deutsche Konsum REIT-AG's extraordinary general meeting to approve a capital increase paves the way for the implementation of the restructuring plan and associated rating improvements. Execution risks remain.
8/12/2025 Research
Global Economic Outlook 2026: financial system risk; trade, public debt, geopolitical uncertainties
The global and European economies have been resilient in recent years even accounting for the modest global slowdown of 2025. But risks for the recovery are rising, underscoring a negative medium-run global macro and credit outlook.
