Announcements

    Drinks

      Scope withdraws its ratings on BK Group AG

      6/6/2023 Rating announcement

      Scope withdraws its ratings on BK Group AG

      Scope has ceased analytical coverage on BK Group AG due to business reasons.

      Scope affirms Corem Kelly’s issuer rating at BBB-/Stable

      5/6/2023 Rating announcement

      Scope affirms Corem Kelly’s issuer rating at BBB-/Stable

      The rating affirmation is mainly driven by the strong business risk profile exemplified by the company’s market position in Sweden, while balance sheet management through disposals and debt repayments is helping to safeguard credit metrics.

      Scope affirms BB rating on Evex Hospitals, with Stable Outlook

      5/6/2023 Rating announcement

      Scope affirms BB rating on Evex Hospitals, with Stable Outlook

      The rating affirmation reflects the company’s resilient operations, cash flow generation potential and ability to grow while maintaining moderate leverage.

      Scope upgrades Hafslund’s issuer rating to A- from BBB+ and maintains the Positive Outlook

      5/6/2023 Rating announcement

      Scope upgrades Hafslund’s issuer rating to A- from BBB+ and maintains the Positive Outlook

      The upgrade follows significant improvements in Hafslund’s financials, which are likely to last due to elevated power prices. Further upside is reflected by the Positive Outlook, assuming leverage does not exceed 2.0x beyond 2025.

      Scope withdraws Glitre’s ratings after the successful merger into Å Energi

      5/6/2023 Rating announcement

      Scope withdraws Glitre’s ratings after the successful merger into Å Energi

      The ratings are withdrawn following a monitoring of Å Energi AS, the surviving company of the merger of Agder Energi AS and Glitre Energi AS.

      Scope upgrades issuer rating of Å Energi (previously known as Agder Energi) to A-/Positive

      5/6/2023 Rating announcement

      Scope upgrades issuer rating of Å Energi (previously known as Agder Energi) to A-/Positive

      The upgrade is driven by prospects of sustained higher power prices, which strengthens Å Energi’s financials, in addition to an improved business risk profile. The Positive Outlook reflects further upside if leverage remain below 2.0x longer-term.

      Scope downgrades the Republic of Poland's credit ratings to A; Outlook revised to Stable

      2/6/2023 Rating announcement

      Scope downgrades the Republic of Poland's credit ratings to A; Outlook revised to Stable

      A longer-standing trend of weakening standards of governance and weakening of the underlying inflation outlook drive the downgrade. Sound macroeconomic fundamentals, a moderate public debt level, and a well-capitalised banking system support the ratings.

      Scope has completed a monitoring review for the Land of Baden-Württemberg

      2/6/2023 Monitoring note

      Scope has completed a monitoring review for the Land of Baden-Württemberg

      The periodic review has resulted in no rating action.

      Scope has completed a monitoring review for Republic of Cyprus

      2/6/2023 Monitoring note

      Scope has completed a monitoring review for Republic of Cyprus

      The periodic review has resulted in no rating action.

      Scope affirms the Land of Berlin's AAA rating with Stable Outlook

      2/6/2023 Rating announcement

      Scope affirms the Land of Berlin's AAA rating with Stable Outlook

      A highly integrated institutional framework, track record of fiscal consolidation, prudent liquidity management and a solid economic base support the rating. High debt, limited revenue flexibility and sizeable contingent liabilities are challenges.