Scope Ratings GmbH (Scope) has updated its regulatory disclosures according to Regulation (EC) No 1060/2009, article 10 point 5 with regards to the colour coding of the rating, the rating solicitation and cooperation status as follows:

The Credit Ratings were requested by the Rated Entity or its Related Third Parties.

Scope first assigned a rating to the European Stability Mechanism on 8 May 2020 and affirmed the AAA/Stable ratings on 19 July 2024. The latest rating report can be found here.

This monitoring note does not constitute a credit rating action, nor does it indicate the likelihood that Scope will conduct a credit rating action in the short term. Information about the latest credit rating action connected with this monitoring note along with the associated rating history can be found on www.scoperatings.com.