Announcements

    Drinks

      Scope upgrades Deutsche Bank’s issuer rating to A, revises Outlook to Stable

      4/12/2025 Rating announcement

      Scope upgrades Deutsche Bank’s issuer rating to A, revises Outlook to Stable

      The upgrade reflects structural progress in strengthening the earnings mix and cost base, pointing to a more balanced business model. The rating is underpinned by the bank’s strong market position, improved earnings capacity and adequate financial metrics

      Scope affirms BB- issuer rating on Cordia; Outlook revised to Stable

      4/12/2025 Rating announcement

      Scope affirms BB- issuer rating on Cordia; Outlook revised to Stable

      The rating action reflects Cordia’s improved earnings visibility and adequate liquidity.

      Webinar: European Banking Outlook 2026: late-cycle headwinds put resilience to the test

      4/12/2025 Research

      Webinar: European Banking Outlook 2026: late-cycle headwinds put resilience to the test

      Thursday 11 December 2025 - 15:00 (CET)

      Updated issuer report on ING Groep N.V.

      3/12/2025 Monitoring note

      Updated issuer report on ING Groep N.V.

      Scope Ratings has updated its issuer report on ING Groep N.V., rated AA- with Stable Outlook.

      Scope affirms Banco Santander’s AA- issuer rating with Stable Outlook

      3/12/2025 Rating announcement

      Scope affirms Banco Santander’s AA- issuer rating with Stable Outlook

      The rating reflects the group’s resilient and diversified business model, supportive earnings capacity and adequate buffers to prudential requirements.

      Poland unveils ambitious plans for covered bonds

      3/12/2025 Research

      Poland unveils ambitious plans for covered bonds

      The cut in minimum Long-Term Funding Ratio (WFD) requirements from 40% to 20% recommended by Poland’s Financial Supervision Authority and the inclusion of capped retail deposits come alongside bold measures to strengthen the covered bond market.

      Scope affirms UniCredit‘s A issuer rating with Stable Outlook

      2/12/2025 Rating announcement

      Scope affirms UniCredit‘s A issuer rating with Stable Outlook

      The rating continues to benefit from the groups’ well-executed geographical diversification, with solid franchises in several European countries and strong financial fundamentals.

      Scope affirms Air Liquide’s credit ratings at A and revises the Outlook to Stable

      2/12/2025 Rating announcement

      Scope affirms Air Liquide’s credit ratings at A and revises the Outlook to Stable

      The DIG acquisition reduces balance-sheet flexibility and limits potential upside to credit metrics, driving the Outlook change.

      Scope revises Outlook on Stavmat’s B issuer rating to Negative

      2/12/2025 Rating announcement

      Scope revises Outlook on Stavmat’s B issuer rating to Negative

      The Outlook revision to Negative reflects refinancing risks tied to the senior unsecured bond’s amortization schedule, as well as the potential for sustained pressure on credit metrics should market recovery be further delayed.

      Scope affirms Sanofi’s AA/Stable issuer rating

      1/12/2025 Rating announcement

      Scope affirms Sanofi’s AA/Stable issuer rating

      The affirmation reflects Sanofi’s solid credit metrics and resilient operating performance, underpinned by sustained growth in Dupixent sales.