Announcements

    Drinks

      Scope has completed a periodic review for Newfoundland CLO I Limited

      23/12/2024 Monitoring note EN

      Scope has completed a periodic review for Newfoundland CLO I Limited

      No action has been taken on rated notes issued by Newfoundland CLO I Limited following the periodic review.

      Scope affirms Corem Property Group’s BBB-/Negative rating

      23/12/2024 Rating announcement EN

      Scope affirms Corem Property Group’s BBB-/Negative rating

      The rating affirmation reflects the company's prudent efforts to deleverage and strengthen its balance sheet, including through capital increases, while the continued Negative Outlook reflects the risk of credit metrics remaining below Scope's thresholds.

      Scope affirms A+ issuer rating on Mercedes-Benz Group AG and revises Outlook to Negative from Stable

      23/12/2024 Rating announcement EN

      Scope affirms A+ issuer rating on Mercedes-Benz Group AG and revises Outlook to Negative from Stable

      The Negative Outlook reflects the challenging business climate in 2024 and the dim outlook for 2025. A very strong financial risk profile is the key support. The ratings have been converted into unsolicited public ratings for business reasons.

      Scope affirms A+ rating on Mercedes-Benz Manufacturing Hungary Kft., revises Outlook to Negative

      23/12/2024 Rating announcement EN

      Scope affirms A+ rating on Mercedes-Benz Manufacturing Hungary Kft., revises Outlook to Negative

      The rating of Mercedes-Benz Manufacturing Hungary Kft. is aligned with the rating on Mercedes-Benz Group AG, reflecting the latter’s explicit guarantee on an outstanding bond and Mercedes-Benz Group’s implicit guarantee to the rated entity.

      Scope affirms BBB-/Stable issuer rating on Encavis; subsequently withdraws all outstanding ratings

      23/12/2024 Rating announcement EN

      Scope affirms BBB-/Stable issuer rating on Encavis; subsequently withdraws all outstanding ratings

      The affirmation reflects Encavis’ strong business risk profile and the temporary challenges from delays in commissioning and meteorological conditions.

      Scope downgrades class A notes issued by Red Sea SPV S.r.l. - Italian NPL ABS

      23/12/2024 Rating announcement EN

      Scope downgrades class A notes issued by Red Sea SPV S.r.l. - Italian NPL ABS

      Scope downgrades class A notes issued by Red Sea SPV S.r.l., a static cash securitisation of Italian non-performing loans.

      No rating impact on the Class A-2 notes of Vantage Data Centers Jersey Borrower SPV Limited

      20/12/2024 Monitoring note EN

      No rating impact on the Class A-2 notes of Vantage Data Centers Jersey Borrower SPV Limited

      Scope Ratings UK Ltd (Scope) announces that the GBP 43.0m drawing on the Class A-1 note will not, in and of itself, result in a Rating Action or withdrawal of the current rating of the Class A-2 notes issued by Vantage Data Centers Jersey Borrower SPV Ltd

      Scope places BB rating of B+N under review for a developing outcome

      20/12/2024 Rating announcement EN

      Scope places BB rating of B+N under review for a developing outcome

      The rating action follows the acquisition of KÖBERL Group by B+N, a German FM services provider, which could improve the issuer’s business risk profile at the cost of higher leverage and an overall deterioration in credit metrics.

      Scope has completed a monitoring review for Air Liquide

      20/12/2024 Monitoring note EN

      Scope has completed a monitoring review for Air Liquide

      No action has been taken on the A/Positive corporate issuer rating on Air Liquide S.A. and its financing subsidiary Air Liquide Finance S.A. Similarly, no action was taken on the S-1 short-term rating and A senior unsecured debt rating.

      Scope affirms Hell Energy’s B+/Positive issuer rating

      20/12/2024 Rating announcement EN

      Scope affirms Hell Energy’s B+/Positive issuer rating

      The affirmation reflects an unchanged moderate business risk profile, constrained by improving but still weak credit metrics after large expansionary capex cycle.