Announcements

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      Webinar: Opportunities in energy infrastructure within Europe’s long-term energy re-orientation

      13/5/2022 Research EN

      Webinar: Opportunities in energy infrastructure within Europe’s long-term energy re-orientation

      Replay from 12.05.2022

      Scope updates its rating definitions

      9/5/2022 Research EN

      Scope updates its rating definitions

      Scope updates and clarifies its definition of default and long-term vs short-sterm correspondance table. This update does not impact any outstanding credit ratings.

      TotalEnergies and Repsol lead, Gazprom lags in oil-sector race to reduce CO2 impacts

      11/4/2022 Research EN

      TotalEnergies and Repsol lead, Gazprom lags in oil-sector race to reduce CO2 impacts

      France’s TotalEnergies SE and Spain’s Repsol SA set the standard among European integrated oil and gas companies in oil-sector progress towards carbon neutral targets, with Russia’s Gazprom PAO at the other end of spectrum, says Scope ESG Analysis.

      Russia-Ukraine War - Ratings and Research Update

      31/3/2022 Research EN

      Russia-Ukraine War - Ratings and Research Update

      Russia’s sovereign ratings withdrawn; Russia’s rouble demands complicate energy stand-off; Europe’s delicate oil and gas balancing act; exiting Russia is a must for European banks; chemicals sector squeezed. 

      Russia-Ukraine war: sovereign ratings downgraded; Germany’s growth slows; sanctions bite

      14/3/2022 Research EN

      Russia-Ukraine war: sovereign ratings downgraded; Germany’s growth slows; sanctions bite

      A round-up of Scope’s latest rating action and analysis of the impact of the unfolding crisis triggered by Russia’s invasion of Ukraine in February on European sovereigns, banks, corporate sectors and markets.

      War in Ukraine will impact long-term EU energy policy

      10/3/2022 Research EN

      War in Ukraine will impact long-term EU energy policy

      The profound impact the Russia-Ukraine war has already had on European energy markets will have a knock-on impact on long-term EU policies for energy infrastructure and architecture.

      Russia-Ukraine war raises stagflation risk for sovereign, corporate credit quality

      10/3/2022 Research EN

      Russia-Ukraine war raises stagflation risk for sovereign, corporate credit quality

      The war in Ukraine will have a far-reaching impact on credit risk given the global economy faced the worst inflation data in decades and increasingly hawkish central bank guidance when Russia further invaded its neighbour on 24 February, says Scope.

      Aircraft finance: stiff sanctions on Russia put future of near USD 10bn in leased aircraft in doubt

      8/3/2022 Research EN

      Aircraft finance: stiff sanctions on Russia put future of near USD 10bn in leased aircraft in doubt

      Russia’s invasion of Ukraine is created renewed pressure for an aviation sector yet to fully recover from the Covid crisis, with specific challenges for aircraft financiers which have hundreds of aircraft leased to Russian carriers.

      DuPont Mobility & Materials-Celanese deal a blueprint for similar transactions in Europe

      7/3/2022 Research EN

      DuPont Mobility & Materials-Celanese deal a blueprint for similar transactions in Europe

      The acquisition of DuPont’s Mobility & Materials segment for USD 11bn is a big step forward for Celanese’s position in polymers and adds significant business diversification. It could be a blueprint for similar transactions in Europe.

      Outlook for airlines negative; pressure on aircraft values

      4/3/2022 Research EN

      Outlook for airlines negative; pressure on aircraft values

      After two years of crisis due to pandemic-related travel restrictions and slumping demand, war in Ukraine has brought new risks for aircraft financing. The impact of Russia’s invasion on aircraft financing and on airlines comes from three sides.