18/8/2025 Rating announcement
Scope assigns initial preliminary rating to Georgia Healthcare Group’s planned senior secured bond
The preliminary BB- bond rating was assigned following the company's decision to issue a senior secured bond for GEL 350m instead of the previously planned senior unsecured bond guaranteed by subsidiaries.
18/8/2025 Rating announcement
Scope affirms BBB issuer rating of Norwegian utility Nordkraft, revises Outlook to Negative
The Outlook has been revised to Negative given an increased risk that credit metrics will weaken compared to Scope’s previous expectations.
14/8/2025 Rating announcement
Scope affirms BB/Stable issuer rating of Bonafarm and its subsidiary, Pick Szeged
The rating continues to reflect Bonafarm’s moderate business risk and financial risk profiles, despite increasing leverage. Pick Szeged’s rating continues to be based on the unconditional and irrevocable guarantee of its parent Bonafarm.
14/8/2025 Research
EU banks NPL Heatmaps: asset quality steady but downside pressures emerging
We continue to expect a mild deterioration in asset quality as pressure in some corporate sectors intensifies amid heightened geopolitical risk and a potential slowdown in global trade.
12/8/2025 Research
Five reasons why Trump’s trade war is likely to escalate
Buoyant markets, a resilient US economy, rising customs revenues, appeasement by trading partners and conducive politics point to further escalation in US trade tensions, already set to cut global output by an estimated 0.7pps in the medium term.
12/8/2025 Monitoring note
Class A notes issued by Itaca SPV S.r.l. paid in full - Italian NPL ABS
The class A notes have been fully redeemed.
12/8/2025 Research
Webinar: High-voltage venture – financing Europe’s gigafactory ambitions
Tuesday, September 9th 2025 - 3:00 PM (CEST)
11/8/2025 Monitoring note
Class A notes issued by Capella Financing S.à r.l. paid in full - Cypriot NPL ABS
The class A notes have been fully redeemed.
11/8/2025 Monitoring note
Class A notes issued by Hestia Financing S.à r.l. paid in full - Cypriot NPL ABS
The class A notes have been fully redeemed.
11/8/2025 Rating announcement
Scope assigns a first-time issuer rating of ‘B+/Stable’ to JSC Microbank Crystal
The rating reflects the focused business model of microcredit lending in the Georgian financial sector, supportive earnings capacity and risk exposures and adequate financial viability management.