The rating action on the secured loan participation notes (series 2022-1) follows the prospective transaction amendments.

The Positive Outlook is driven by the possibility of a very strong credit metrics until 2025, as power prices in the NO2 price region are expected to remain higher than historical levels for the foreseeable future.

The rating’s placement under review reflects the recently announced change in shareholder structure, with Hungarian oil and gas company MOL Group advancing towards full control of ITK Holding.

The change in Outlook reflects the ongoing resilience of the group's operating performance and the declining exposure to Hungarian sovereign risk.

Scope Ratings has updated its report on the Hypothekenpfandbriefe (Austrian mortgage-covered bonds) issued by Bank Burgenland.

The periodic review has resulted in no rating action.

No rating action has been taken on class A and class B following the monitoring review

All notes have been fully redeemed.

Class A notes have been fully redeemed.

The withdrawal follows Scope’s decision to cease analytical coverage due to business reasons.