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      Italian NPL collections: March volumes rise 50% month-over-month

      17/5/2022 Research EN

      Italian NPL collections: March volumes rise 50% month-over-month

      March 2022 Italian NPL collections were 50% higher than in February, a comparable increase to February-March 2021 (+40%). Year over year, collections rose 7%.

      Scope publishes update of its SME ABS Rating Methodology

      16/5/2022 Research EN

      Scope publishes update of its SME ABS Rating Methodology

      Scope Ratings' update to the methodology contains editorial changes and minor modifications; no impact on outstanding ratings expected.

      Scope updates its rating definitions

      9/5/2022 Research EN

      Scope updates its rating definitions

      Scope updates and clarifies its definition of default and long-term vs short-sterm correspondance table. This update does not impact any outstanding credit ratings.

      European CMBS: stellar valuations but mixed operating performance; refinancing risks lurk

      9/5/2022 Research EN

      European CMBS: stellar valuations but mixed operating performance; refinancing risks lurk

      Analysis of 69 publicly-rated securitised CRE loans reveals that, excluding retail, valuations have generally increased, driven by yield compression. On performance, industrial has outperformed; office is mixed; retail and hospitality are weak.

      Structured Finance Activity Report: double-digit growth in rated volume continues

      5/5/2022 Research EN

      Structured Finance Activity Report: double-digit growth in rated volume continues

      Scope’s structured finance activity quarterly provides an overview of rating actions and research over trailing 12 months. Rating activity includes 119 new instruments across 81 transactions bringing rated volumes since 2014 to over EUR 212bn equivalent.

      Scope updates its CLO Rating Methodology

      3/5/2022 Research EN

      Scope updates its CLO Rating Methodology

      No impact expected on existing ratings

      Covered Bond Quarterly: record issuance amid Russia’s invasion of Ukraine

      2/5/2022 Research EN

      Covered Bond Quarterly: record issuance amid Russia’s invasion of Ukraine

      Over EUR 85bn of covered bonds have been issued year-to-date, the most in more than a decade. Covereds are once again the go-to funding tool in a crisis. Senior unsecured funding shut for a while and wider spread differentials added to their appeal.

      Scope ESG Insight

      27/4/2022 Research EN

      Scope ESG Insight

      Oil-sector race to reduce carbon footprint; CLOs lead on structured-finance ESG standards; Europe rethinks nuclear power; US takes pragmatic disclosure route

      Scope updates its Covered Bond Rating Methodology

      25/4/2022 Research EN

      Scope updates its Covered Bond Rating Methodology

      The methodology update contains only editorial changes and clarifications.

      Italian NPL collections: February volumes rise 39%

      14/4/2022 Research EN

      Italian NPL collections: February volumes rise 39%

      For the second year, Italian NPL collections were significantly higher in February month over month, rising 39% in 2022 and 32% in 2021. Note sales hit their second highest share in a year but this does not signal a trend in recovery strategies.