17/12/2025 Rating announcement
Scope affirms Hunland Trade’s BB-/Stable issuer rating
The affirmation reflects the issuer’s ability to maintain resilient credit metrics in adverse market conditions in 2025.
17/12/2025 Rating announcement
Scope rates AAA(SF) Lithuanian renovation loan notes issued by Vytis Reno Loans 2025-1 DAC
The EUR 160.5m underlying portfolio of apartment renovation loans was originated to individual apartment owners by UAB ILTE.
17/12/2025 Rating announcement
Scope upgrades Italian NPL Class A notes issued by Sirio SPV S.r.l.
The underlying portfolio is composed of secured and unsecured NPL loans.
17/12/2025 Rating announcement
Scope affirms JSC Microbank MBC’s B+ issuer rating and changes Outlook to negative
Tightened capital position following strong growth is only expected to moderate in the medium term. Profitability remains supportive and currently benefits from the microbank transition.
17/12/2025 Rating announcement
Scope downgrades class A notes issued by Relais SPV S.r.l. – Italian non-performing lease ABS
The underlying portfolio is composed of non-performing leases originated by Unicredit Leasing S.p.A. and serviced by doValue S.p.A.
16/12/2025 Rating announcement
Scope downgrades Fnac Darty to BBB- from BBB after methodology changes and assigns Stable Outlook
The rating action reflects the application of Scope’s revised definition of credit metrics for retailers with a large portion of leased assets.
16/12/2025 Rating announcement
Scope downgrades class A and class B notes issued by Prisma SPV S.r.l. – Italian NPL ABS
The underlying portfolio is composed of secured and unsecured NPL loans originated by Unicredit S.p.A. and serviced by doValue S.p.A.
16/12/2025 Monitoring note
2025 change in Retail and Wholesale Rating Methodology with no impact on Ceconomy’s ratings
Revised Retail and Wholesale Rating Methodology in 2025 results in no rating impact on Ceconomy’s ratings.
16/12/2025 Research
Scope publishes new CRE Loan and CMBS Rating Methodology
Scope Ratings publishes its updated rating methodology for CRE securities and CMBS. All changes incorporated are non-material and affect no outstanding ratings. The proposed updates clarify and enhance the analytical approach.
