The periodic review has resulted in no rating action.

The periodic review has resulted in no rating action.

Robust budgetary performance, strong access to capital markets, solid liquidity buffer, a favourable debt profile, and a wealthy, diversified economy support the rating. A high but declining debt burden and limited expenditure flexibility are constraints.

Scope Ratings has updated its rating report on Rogaland Sparebank, rated A- with Stable Outlook.

Scope Ratings has updated its rating report on Landkreditt Bank, rated A- with Stable Outlook.

The Negative Outlook reflects the weaker credit metrics observed in 2024, which will continue to be negatively impacted by profitability pressures in 2025, increasing the likelihood of a weaker financial risk profile for an extended period.

The rating reflects the explicit, direct and irrevocable statutory funding guarantee from Hungary (BBB/Stable) of MFB’s financial obligations.

Scope Ratings has updated its rating report on Banco Santander S.A., rated AA- with Stable Outlook.

High strategic mandate, strong financial interdependencies with the French Republic and robust financial profile drive the ratings. Very high sensitivity to domestic economic conditions and regulatory changes are credit challenges.

Une importance stratégique élevée, de fortes interdépendances financières avec l'État et un profil financier solide justifient les notations. L’exposition élevée aux fluctuations de l'économie et aux changements réglementaires sont les défis principaux.