Significant progress in reducing public debt, a strong track record of prudent fiscal policy, and enhanced economic resilience drive the upgrade. Still high public debt, a limited growth potential, and external vulnerabilities are credit constraints.

The periodic review has resulted in no rating action.

The rating affirmation reflects Finbureau’s successful debt purchase and collection business strategy, maintaining its historical supportive profitability metrics.

Rating affirmation reflects the group’s robust operating performance and strong prudential metrics.

Scope affirms the class A notes issued by Hestia Financing S.à r.l., a cash securitisation of Cypriot non-performing loans and Real Estate Owned properties.

The rating on Hypo-Bank Burgenland AG’s Austrian mortgage covered bonds (Hypothekenpfandbriefe) reflects the issuer's A- rating enhanced by six notches from governance and cover pool support.

Significant capacity growth, followed by fast deleveraging and operation of a resilient business model with low volatility of operating profitability drive the upgrade of the issuer rating to BB from BB-.

Strong integration with its owning counties, high strategic importance in regional development, a strong market position, and resilient toll revenue are strengths. High leverage and significant capital expenditure are challenges.

The uncapped guarantee instruments senior risk covers in EIB SME initiative for Romania have been fully redeemed.

No action has been taken on Class A notes issued by Spring SPV S.r.l. following the monitoring review.