Kreissparkasse Köln has decided to license Credit Sphere and integrate Scope’s credit ratings into its systems through the ScopeOne API.

“More and more of our European institutional customers appreciate a rating from a European provider. We are pleased to have a reliable partner on our side in Scope to help us meet this demand,” Ralf Clashinrichs, Head of Depository custody services at Kreissparkasse Köln, said.

"The more capital market participants use our ratings, the more relevant and valuable they become. So having the largest municipal savings bank in Germany using our credit ratings is another important step in Scope’s development," said Michael Bolle, Head of Credit Solutions and Partnerships at Scope Group.

Scope provides institutional investors with simple and competitive access to its credit ratings through various channels. The universe of European issuers rated by Scope covers more than 10,000 bonds with an aggregate volume of around EUR 23trn. For more information see: Credit Sphere

More news from Scope Group:

• ECB accepts Scope Ratings in its credit assessment framework ECAF (November 2023)
• Deka provides savings banks access to Scope’s credit ratings (May 2023)
• Groupe BPCE becomes shareholder in Scope (Feb 2023)
• EU mandates Scope Ratings – AXA has become a strategic shareholder (June 2022)
• Scope Group acquires Euler Hermes Rating (March 2021)