Scope Ratings is calling for comments on its updated European Automotive Suppliers Rating Methodology until 19 January 2023.

The proposed update introduces the following changes:

• Extended guidance on the assessment of business risk profiles, including the ‘A’ and ‘AA and above’ categories as well as ‘B‘ and ‘CCC and below’ categories.
   
• Fine-tuning of some key rating assumptions ranges;
   
• Clarification regarding the composition of Scope-adjusted EBITDA (capitalised R&D)
   
• Further clarity on industry-specific ESG factors;
   
• Minor editorial changes

Scope invites issuers, investors and other interested parties to comment on the methodology by 19 January 2023 as part of the agency’s ongoing commitment to transparency and open dialogue with market participants.

Please send your comments to consultation@scoperatings.com.

Scope will review and publish the content of written responses in accordance with regulatory requirements unless the respondent has explicitly requested confidentiality and will publish the final version of the methodology thereafter.

Download the proposed methodology here or on www.scoperatings.com.