No action was taken on the senior notes issued by Gode Wind 1 Investor Holding GmbH. Generation and revenues were in line with our rating case, and the reported DSCR was robust. There are no material changes to the forecast ratios.

Scope Ratings has updated its rating report on the senior notes issued by Borkum Riffgrund 2 Investor Holding GmbH.

No action was taken on the senior notes issued by Borkum Riffgrund 2 Investor Holding GmbH. The 2022 credit metrics remain robust, benefiting from higher than expected energy production and exceptionally high energy prices.

Scope Ratings GmbH has today upgraded the rating of the EUR 510.6m senior notes issued by Blauracke GmbH to A-. The notes were transferred from CPPIB Renewables Europe Sarl and finance the minority interest in two German offshore wind farms.

Scope Ratings GmbH has today upgraded the ratings to the HUF 70.7bn senior unsecured bonds issued by PolSolar Kft and maturing in April 2037. The bonds have financed the construction of five greenfield photovoltaic plants in Hungary.

Scope Ratings GmbH downgrades the USD 84.5m Class A1 Guaranteed securities issued by Virtuo Finance SARL (the Benban solar project). The downgrade reflects the weakening business environment in Egypt and the significant devaluation of the Egyptian pound.

No action has been taken on the senior notes issued by Gode Wind 1 Investor Holding GmbH. Technical performance has remained robust and credit metrics benefitted from high energy prices in 2022.

No action has been taken on the senior notes issued by Borkum Riffgrund 2 Investor Holding GmbH. Credit metrics remain robust, benefitting from the effects of high wind speeds and energy prices.

No action has been taken on the senior notes issued by CPPIB Renewables Europe Sàrl. Credit metrics remain robust, benefiting from high wind speeds and energy prices.

The downgrade is prompted by the correction of an analytical error and follows the completion of the periodic review. The rating is withdrawn for business reasons.