19/11/2025 Rating announcement
Scope affirms Commerzbank AG’s A issuer rating with Stable Outlook
The rating reflects sustained and improved earnings capacity, and solid and stable financial metrics. Continued weak economic performance in Germany represents the main challenge, although the group has navigated this challenge well so far.
19/11/2025 Monitoring note
Scope Ratings corrects the rating for the senior unsecured bond issued by UAB (ISIN: LT0000134439)
Scope has corrected the bond rating for LT0000134439 to B from B-, assigned on 2 July 2025, due to an administrative error.
19/11/2025 Rating announcement
Scope has affirmed the BBB- issuer rating and has revised the Outlook to Stable on MOL Nyrt.
The Outlook revision to Stable reflects Scope’s expectation of rising leverage driven by moderating commodity prices but also by the impact of the fire at the Danube refinery in October 2025.
19/11/2025 Monitoring note
Scope has completed the periodic review of Borkum Riffgrund 2 Investor Holding GmbH
This publication does not constitute a rating action.
19/11/2025 Research
Italian Bank Outlook 2026: stable, supported by solid fundamentals, but risks remain high
Profitability is set to remain strong in 2026. Moderate loan growth, steady fee expansion and stable costs will support profits. But we are projecting an increase in provisions as default rates normalise, while economic and other risks remain high.
18/11/2025 Monitoring note
Scope has completed a periodic review of FCT Bpifrance SME 2020-1 French SME ABS
This publication does not constitute a rating action.
17/11/2025 Rating announcement
Scope affirms Ferde AS’s long-term issuer rating at AA+ with Stable Outlook
Strong integration with its owning counties, high strategic importance in regional development, a strong market position, and resilient toll revenue are strengths. High leverage and substantial capital expenditure are challenges.
17/11/2025 Research
Webinar: 2026 Sovereign Outlook: Europe showing resilience but significant risks ahead
Tuesday, November 25th 2025 - 3:00 PM (CET)
17/11/2025 Rating announcement
Scope affirms Hypo-Bank Burgenland AG’s Austrian mortgage covered bond rating at AAA, Stable Outlook
The rating on Hypo-Bank Burgenland AG’s Austrian mortgage covered bonds (Hypothekenpfandbriefe) reflects the issuer's A- rating enhanced by six notches from governance and cover pool support. Two notches provide a buffer against an issuer downgrade.
