Announcements
Drinks

18/7/2025 Rating announcement EN
Scope affirms European Stability Mechanism’s AAA rating with Stable Outlook
A strong capital base, very high liquidity buffers, excellent capital market access and highly rated key shareholders support the rating. Concentration of sovereign borrower exposure and shareholder structure are challenges.

18/7/2025 Rating announcement EN
Scope affirms the Kingdom of Spain’s credit ratings at A and maintains the Stable Outlook
A resilient and diversified economy, favourable debt profile, and strong institutions are strengths; high public debt, structural unemployment, and ageing-related fiscal pressures are constraints.

18/7/2025 Rating announcement EN
Scope affirms European Financial Stability Facility’s AA+ rating with Stable Outlook
Highly rated shareholders, a strong guarantee mechanism and favourable capital market access support the rating; challenges are concentrated sovereign borrower exposures and a concentrated shareholder base.

17/7/2025 Rating announcement EN
Scope affirms issuer rating of Tegeta Motors at BB- and assigns Negative Outlook
The affirmation reflects Scope’s view that the issuer will refinance the bond maturing in December 2025 after securing adequate external liquidity. The negative outlook accounts for the risk that the funding structure will not improve as expected.