As part of its strategic focus on institutional investors, Scope Ratings is offering credit ratings on a subscription basis only via its credit intelligence platform, ScopeOne.

Scope ratings has updated the rating report on Commerzbank, rated at A with negative outlook.

Scope affirms Commerzbank’s A Issuer Rating with Negative Outlook in response to Commerzbank's latest strategy update.

In the context of Scope Ratings’ strategy of focussing on the needs of institutional investors, Scope will offer its unsolicited bank and covered bond credit ratings on a subscription basis only via its credit intelligence platform.

Scope Ratings has updated its rating report on Commerzbank, rated A with Stable Outlook.

The rating action reflects the new contractual subordination regime in Germany, which allows banks to issue senior unsecured debt equivalent to preferred senior debt and ranking above senior non-preferred debt in insolvency and resolution.

Scope Ratings has updated its rating report on Commerzbank, rated A with Stable Outlook.

Scope Ratings has updated its rating report on Commerzbank, rated A with Stable Outlook.

Aggregate amount of Tier 2 securities rated is equivalent to nearly EUR 40bn; all rated securities were issued publicly in 2015-2016 by banks already rated by Scope and qualify as Tier 2 capital under CRD IV-CRR.

One-notch upgrades aim to establish a difference between the two banks’ issuer ratings and the ratings of their senior unsecured debt – which remain unchanged.