The rating is supported by BNP Paribas’s very resilient business model, supportive profitability and asset quality, and adequate buffers to prudential requirements based on the lighter risk intensity of the balance sheet.

The rating reflects the bank’s very resilient business model that combines banking, wealth management and insurance. Profitability is relatively modest compared to peers but supported by strong asset quality and a solid capital position.

The periodic review has resulted in no rating action.

The periodic review has resulted in no rating action.

Robust budgetary performance, solid liquidity position and resilient regional economy support the rating. Limited flexibility in revenue and expenditure are constraints.

A moderate and stable government debt, strong government debt profile, and robust growth support the ratings. Institutional, geopolitical and external-sector risk remain credit challenges.

Explicit guarantee, strong integration with the public sponsor and robust standalone fundamentals support the rating. The Outlook revision of Spain’s rating, to which ICO’s ratings are aligned, drives the Outlook change.

The upgrade reflects structural progress in strengthening the earnings mix and cost base, pointing to a more balanced business model. The rating is underpinned by the bank’s strong market position, improved earnings capacity and adequate financial metrics

Scope Ratings has updated its issuer report on ING Groep N.V., rated AA- with Stable Outlook.

The rating reflects the group’s resilient and diversified business model, supportive earnings capacity and adequate buffers to prudential requirements.