Announcements

    Drinks

      Scope downgrades the Republic of Poland's credit ratings to A; Outlook revised to Stable

      2/6/2023 Rating announcement EN

      Scope downgrades the Republic of Poland's credit ratings to A; Outlook revised to Stable

      A longer-standing trend of weakening standards of governance and weakening of the underlying inflation outlook drive the downgrade. Sound macroeconomic fundamentals, a moderate public debt level, and a well-capitalised banking system support the ratings.

      Scope has completed a monitoring review for the Land of Baden-Württemberg

      2/6/2023 Monitoring note EN

      Scope has completed a monitoring review for the Land of Baden-Württemberg

      The periodic review has resulted in no rating action.

      Scope has completed a monitoring review for Republic of Cyprus

      2/6/2023 Monitoring note EN

      Scope has completed a monitoring review for Republic of Cyprus

      The periodic review has resulted in no rating action.

      Scope affirms the Land of Berlin's AAA rating with Stable Outlook

      2/6/2023 Rating announcement EN

      Scope affirms the Land of Berlin's AAA rating with Stable Outlook

      A highly integrated institutional framework, track record of fiscal consolidation, prudent liquidity management and a solid economic base support the rating. High debt, limited revenue flexibility and sizeable contingent liabilities are challenges.

      Scope affirms TOMRA Systems ASA’s A-/Stable issuer rating

      2/6/2023 Rating announcement EN

      Scope affirms TOMRA Systems ASA’s A-/Stable issuer rating

      The affirmation reflects positive industry dynamics, strong market positions in key segments and markets, continued strong profitability and low leverage.

      Updated analytical report on Ceconomy AG

      31/5/2023 Monitoring note EN

      Updated analytical report on Ceconomy AG

      Following the recent affirmation of the BBB- issuer rating and the change in Outlook to Negative from Stable, Scope has updated its analytical report on Ceconomy AG.

      Scope withdraws the rating on the senior tranche of EIB SME Initiative for Italy (BP Bari)

      30/5/2023 Rating announcement EN

      Scope withdraws the rating on the senior tranche of EIB SME Initiative for Italy (BP Bari)

      Scope Ratings GmbH (Scope) withdraws the rating on the senior tranche of EIB SME Initiative for Italy (BP Bari) - SME SRT due to its full repayment.

      Scope assigns AAA(SF) to Series 11-2023 Class A of IBL’s Marzio Finance S.r.l. – Italian CQS ABS

      30/5/2023 Rating announcement EN

      Scope assigns AAA(SF) to Series 11-2023 Class A of IBL’s Marzio Finance S.r.l. – Italian CQS ABS

      Scope Ratings GmbH (Scope) has assigned a final rating to the Series 11-2023 Class A notes issued by Marzio Finance S.r.l., a static cash securitisation of a EUR 308.9m portfolio of payroll-deductible loans extended by IBL Banca to individuals in Italy.

      Scope has completed a monitoring review for Nitrogenmuvek Zrt.

      30/5/2023 Monitoring note EN

      Scope has completed a monitoring review for Nitrogenmuvek Zrt.

      The periodic review has resulted in no rating action.

      Scope affirms A/Stable issuer rating on Henkel AG & Co. KGaA

      30/5/2023 Rating announcement EN

      Scope affirms A/Stable issuer rating on Henkel AG & Co. KGaA

      The rating continues to reflect the very strong credit metrics despite profitability pressures from severe input cost inflation and divisional restructuring costs.