The rating action follows the publication of Scope’s updated General Corporate Rating Methodology, which is likely to have a negative impact.

The rating actions conclude the placement under review following the publication of new RMBS Rating Methodology.

Scope Ratings GmbH announces placing ratings under review for developing outcome related to five different transactions, following publication of new RMBS Rating Methodology.

Scope Ratings UK Limited announces placing ratings under review for developing outcome, following publication of new RMBS Rating Methodology.

The upgrade is driven by the combination of i) methodology changes, ii) a strongly improving operating performance reinforcing strong key credit metrics, and iii) the elimination of a negative rating adjustment related to peer context.

The rating actions follow the publication of Scope’s updated European utilities rating methodology which will likely have a positive impact.

Following the publication of its updated Financial Institutions Rating Methodology, Scope affirmed its B+ issuer rating and S-4 short-term rating on Rico Express.

The rating affirmation reflects robust market conditions, whereas the Outlook revision follows an update to Scope's real estate ratings methodology and rising interest rates. Senior unsecured debt ratings have been lowered to B+ from BB-.

Rating upgrade reflects new seniority ranking in updated creditor hierarchy and is in line with Scope’s bank rating methodology.

Rating upgrade reflects new seniority ranking in updated creditor hierarchy and is in line with Scope’s bank rating methodology.