Announcements
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9/7/2024 Research EN
European retail: defaults still on rise after jump in 2023; discretionary-goods suppliers at risk
Credit risk remains high in Europe’s retailing sector this year, particularly in the discretionary goods segment, with no sign that the rising trend of business failures from last year will reverse in 2024 after defaults rose in the first quarter.
19/6/2024 Research EN
Global economic update: soft landing reinforces prospect of higher-for-longer interest rates
A sustained period of higher interest rates will present a challenge for many borrowers worldwide, as economies adapt to a new era of comparatively tight monetary policy amid a recovery in growth and enduring inflation.
17/6/2024 Research EN
Scope publishes final rating methodology on European Utilities
The methodology is now final following a call-for-comments period and will apply to all issuer and debt ratings of corporates in the sector. The application of the updated methodology will not trigger any rating changes.
16/5/2024 Research EN
Hungarian corporate bonds: cliff risk rises for high-yield issuers amid tough operating conditions
Bondholders in the Hungarian National Bank’s Bond Funding for Growth programme (‘NKP’) face a covenant-related credit challenge amid difficult domestic economic conditions, says Scope Ratings.
7/5/2024 Research EN
Aircraft finance: Boeing’s 737 MAX issues delay post-Covid normalisation of aviation market
Safety-related production problems at Boeing Co. are delaying the normalisation of the aviation finance sector, partly to the benefit of aircraft-leasing companies, as post-pandemic demand for air travel grows faster than the supply of aircraft.
10/4/2024 Research EN
Germany’s auto parts sector: defaults point to consolidation in cyclical downturn rather than crisis
Multiple bankruptcies in Germany’s automotive parts sector since mid-2023 are less a sign of a sector-wide crisis than the impact of a cyclical downturn and tight credit conditions on suppliers with financial and commercial weaknesses.
5/4/2024 Research EN
Scope publishes final rating methodology for Pharmaceutical Companies’ Rating Methodology
The methodology is now final following a call-for-comments period and will apply to all issuer and debt ratings of corporates in the sector. The application of the updated methodology will not trigger any rating changes.
28/3/2024 Research EN
Scope publishes final rating methodology for European Real Estate Rating Methodology
The methodology is now final following a call-for-comments period and will apply to all issuer and debt ratings of European real estate corporates. The methodology might have a limited negative impact on outstanding ratings of one issuer.