Announcements
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5/3/2025 Research EN
Real Estate Insight – March 2025
Europe’s real estate firms find funding respite but refinancing challenge looms; covered bonds provide stability in turbulent times; non-prime office segment faces rising vacancy rates; what can Frederick the Great tell us about today’s capital markets?

4/3/2025 Research EN
Hybrid bond outlook: busy call schedule, tight spreads to drive corporate deal volumes
European corporate hybrid bond issuance could reach EUR 36bn in 2025, driven by a busy call schedule and lower subordination premiums. Almost EUR 25bn of hybrids hit call dates this year, rising to EUR 38bn in 2026.

18/2/2025 Research EN
European real estate: funding squeeze forgotten; refinancing challenge lies ahead
Easing financial conditions and returning investor appetite for corporate debt have drawn a line under the European real estate sector’s funding squeeze, though a daunting short- to medium-term refinancing challenge remains.

14/2/2025 Research EN
Oil & gas sector credit outlook shifts to balanced from positive; crude prices reflect ample supply
European integrated oil and gas companies (IOCs) can look ahead to a balanced credit outlook for the rest of the year compared with the positive one they faced in 2024 as likely lower average oil prices reflect an amply supplied market.

12/2/2025 Research EN
European utilities: less price support, more capex leave credit outlook less positive but balanced
European utilities face more difficult financial crosscurrents this year as years of extra earnings from elevated power prices have come to an end while the funding requirement to meet rising capital expenditure continues to grow.

6/2/2025 Research EN
Scope proposes an update to its Automotive Suppliers Rating Methodology and invites comments
Scope Ratings calls for comments on its Automotive Suppliers Rating Methodology by 6 March 2025. The update strengthens, refines and further clarifies Scope’s analytical approach. No impact is expected on outstanding issuer and debt ratings.

6/2/2025 Research EN
US tariffs pose broad challenges for European vehicle makers, but impact will vary
US tariffs on vehicle imports from Mexico, Canada and China will hit Stellantis NV and Volkswagen AG the hardest, while BMW AG and Mercedes-Benz AG may be less affected due to greater pricing power and higher price elasticity.

30/1/2025 Research EN
European corporate credit outlook 2025: stability despite challenging business environment
European non-financial companies face a broadly balanced credit outlook in 2025. Sturdy company finances stand in contrast to a challenging external environment of geopolitical and trade tensions, uneven growth and higher-for-longer interest rates.