6/1/2026 Research
Structured Finance monitoring report and 2026 rating outlook
Our 2026 base case for credit is defined by a resilient economy and tight labour markets. Transaction performance will be supported by an easing in lending and refinancing conditions and robust securitisation structures will support rating stability.
2/1/2026 Monitoring note
Class A notes issued by Marzio Finance S.r.l. – Series 8-2020 paid in full – Italian CQS ABS
Class A notes have been fully repaid.
2/1/2026 Monitoring note
Class A notes issued by Marzio Finance S.r.l. – Series 9-2022 paid in full – Italian CQS ABS
Class A notes have been fully repaid.
2/1/2026 Monitoring note
Class C notes issued by Alba 11 SPV S.r.l. paid in full – Italian SME ABS
Class C notes have been fully repaid.
2/1/2026 Rating announcement
Scope withdraws its issuer rating on Banca Popolare di Sondrio
Scope has ceased analytical coverage on Banca Popolare di Sondrio at the client’s request.
23/12/2025 Rating announcement
Scope downgrades the notes issued by Warrington Residential 2022-1 DAC - Irish NPL ABS
The underlying portfolio is composed of residential mortgage loans originated by five Irish residential mortgage lenders and serviced by Mars Capital.
23/12/2025 Rating announcement
Scope rates AAA Italian CQS notes issued by Savoia SPV S.r.l.
The EUR 608.0m closing underlying portfolio, as of September 2025, of payroll-deductible loans was originated to individual borrowers by IBL Banca.
23/12/2025 Rating announcement
Scope downgrades Corem Property Group AB’s issuer rating to BB+/Stable from BBB-/Negative
The rating action is driven by weaker interest cover ratio, occupancy rates and weighted average lease term which has led to a downward revision of the issuer rating.
22/12/2025 Rating announcement
Scope downgrades class A notes issued by Juno 1 S.r.l. - Italian NPL ABS
The underlying portfolio of secured and unsecured NPL loans was originated by Banca Nazionale del Lavoro S.p.A. and is serviced by Prelios Credit Servicing S.p.A.
