12/12/2025 Rating announcement
Scope affirms Vöröskő’s issuer rating at BB/Stable
The affirmation is driven by Vöröskő’s stable EBITDA and strong cash generation, which support robust credit metrics.
12/12/2025 Research
European Bank Outlook 2026: late-cycle headwinds put resilience to the test
We have a balanced base case for European banks going into 2026. Profitability is resilient, asset quality and capital buffers are solid. We have upgraded our profitability forecasts for 2026 and 2027. But several risk factors could test the outlook.
12/12/2025 Monitoring note
Updated rating report on UniCredit
Scope Ratings has updated its rating report on UniCredit, rated A with Stable Outlook.
12/12/2025 Research
CEE Outlook 2026: growing divergence, sustained fiscal and governance challenges
Economic growth across the CEE region in 2026 will hinge on the effective absorption of EU funds and the recovery in external demand, which will be crucial for investment and productivity dynamics.
12/12/2025 Rating announcement
Scope affirms Akershus Energi’s issuer rating at A-/Stable
The affirmation reflects the company’s low indebtedness, balancing its exposure to volatile power prices and an expected increase in capex.
11/12/2025 Rating announcement
Scope affirms B+/Stable issuer rating of Kopaszi Gát Zrt.
The affirmation reflects the company’s ability to maintain adequate liquidity and execute a healthy development pipeline despite a transitional year in 2025 marked by limited EBITDA generation. The reliance on project completions remains a key constraint.
11/12/2025 Rating announcement
Scope rates German solar and heat pump notes issued by Golden Ray S.A., Compartment 2
The EUR 302.9m underlying portfolio of solar and heat pump system loan receivables was originated to homeowners by Enpal B.V. and Enpal Heat GmbH.
11/12/2025 Rating announcement
Scope downgrades class A and affirms class B notes issued by BCC NPLs 2018 S.r.l. - Italian NPL ABS
The underlying portfolio of secured and unsecured NPL loans was originated by 23 Italian banks and is serviced by Master Gardant S.p.A. and Special Gardant S.p.A.
10/12/2025 Rating announcement
Scope affirms L-Bank at AAA with Stable Outlook
The rating is supported by the guarantee of the German Federal State of Baden-Württemberg (AAA/Stable) for L-Bank's existing and future obligations with respect to money borrowed, bonds issued, and derivative transactions entered into by the bank.
