
27/1/2023 Rating announcement
Scope affirms Georgia’s BB ratings, and maintains a Stable Outlook
Resilient growth since Russia-Ukraine crisis, prudent fiscal policy, strong debt profile and strengthened banking system support ratings. Heightened geopolitical and domestic political risks alongside external vulnerabilities are ratings challenges.

27/1/2023 Rating announcement
Scope affirms Switzerland's AAA ratings with Stable Outlook
The ratings are supported by a wealthy, diversified economy, low public debt and a strong external position. Financial imbalances and uncertainty around Swiss-EU relations represent credit challenges.

27/1/2023 Rating announcement
Scope affirms Luxembourg's credit ratings at AAA with a Stable Outlook
A wealthy economy with solid fundamentals, robust public finances, and a strong external position support the ratings. Exposure to global shocks as a small, open economy, age-related fiscal pressures and rising financial imbalances are challenges.

27/1/2023 Rating announcement
Scope downgrades Casino’s issuer rating to B+/Stable from BB-/Stable
The downgrade reflects a weaking financial risk profile due to increased leverage and a difficult business environment in France.

26/1/2023 Research
Spain: sovereign borrowing costs contained despite rise in yields, tighter ECB policy
Spain can cope with rising borrowing costs and the ECB’s winding down of its purchases of euro area sovereign bonds due to the improved profile of Spanish public debt and the country’s relatively robust economic outlook.

26/1/2023 Rating announcement
Scope assigns AAA rating to DNB Boligkreditt's NOK 50bn issue (NO0012427055), Outlook Stable
The rating on the Norwegian mortgage-covered bond reflects the issuer's credit quality enhanced by a six-notch governance-support based uplift. The high-quality cover pool with low mismatch risk provides additional rating stability.

26/1/2023 Research
Scope Financial Conditions Index improves in January
A less bleak economic outlook and the prospect that inflation and interest rates will peak in Europe this year have eased capital market conditions as refinancing gets underway, supporting credit quality. However, pockets of corporate distress remain.

25/1/2023 Monitoring note
Scope has completed a monitoring review of Retiro Mortgage Securities DAC – Spanish NPL ABS
No action has been taken on the notes issued by Retiro Mortgage Securities DAC following a monitoring review.

25/1/2023 Rating announcement
Scope affirms Sun Group Kft’s B+/Stable issuer rating
The updated corporate strategy and financial policy are in line with the current rating levels.