30/10/2025 Rating announcement
Scope affirms SpareBank 1 Nordmore’s A- issuer rating with Stable Outlook
The rating benefits from the bank’s well established local franchise and continued strong operating performance and comfortable financial viability.
30/10/2025 Research
EU: reforms more important than external threats for future sovereign credit profiles
The claim that Europe’s gradual economic and geopolitical decline is irreversible is overstated. But it will require a strategic political shift to change the current trajectory.
30/10/2025 Research
Italian NPL collections: volumes rebound sharply in September but remain below three-year average
Italian NPL collections in September nearly doubled compared with August (+95%). However, they remain significantly below the levels recorded in the same period last year, a trend that has persisted throughout the year.
30/10/2025 Research
Private credit: singular risks but also opportunities for Europe with capital-markets reform
The recent collapse of First Brands, in casting a shadow over the direct-lending sector in the US, raises important questions: does the rapid growth in private credit amplify corporate credit risk and will this be different in Europe compared with the US?
29/10/2025 Rating announcement
Scope affirms BBVA’s A+ issuer rating with Stable Outlook
The rating affirmation follows the lapsing of the bid for Sabadell. The ratings incorporate BBVA’s 2025-2027 strategic objectives to maintain a resilient business profile and strong profitability; Capital buffers are set to remain just adequate.
29/10/2025 Rating announcement
Scope affirms A/Stable issuer rating on DNV
The affirmation is driven by DNV’s leading position in maritime classification and services, coupled with robust cash generation and very strong financial metrics. Its dependence on the largest segments and its profitability remain constraints.
28/10/2025 Rating announcement
Scope affirms Landkreditt Boligkreditt’s Norwegian covered bond rating at AAA, Stable Outlook
The rating on Landkreditt Boligkreditt’s Norwegian obligasjoner med fortrinnsrett reflects the issuer's A- rating enhanced by six notches from governance and cover pool support. 2 notches provide a buffer against an issuer downgrade.
28/10/2025 Research
Climate-change risk framework: introducing issuer-specific Key Climate Risk Indicators
Climate change can materially affect the creditworthiness of all issuer types and asset classes, so we have harmonised our general framework for capturing this risk, which can be applied to produce issuer-specific Key Climate Risk Indicators (KCRIs).
27/10/2025 Monitoring note
No rating impact on FCT Bpifrance SME 2019-1 after amendments to transaction documents – SME ABS
Scope Ratings GmbH (Scope) announces that extending the revolving period and amending the transaction documents will not, by themselves, trigger a Rating Action or lead to the withdrawal of current ratings of FCT Bpifrance SME 2019-1 class A notes.
