Scope has today withdrawn the AAA/Stable ratings on the Norwegian covered bonds (obligasjoner med fortrinnsrett) issued by Verd Boligkreditt AS (Verd) for business reasons.

The change in Outlook reflects the expectation of stronger owner support when the company becomes a strategic subsidiary of one of the largest savings banks in Norway.

The rating on Compagnie de Financement Foncier’s French obligations foncières reflects the issuer's A+ rating enhanced by up to nine notches from governance and cover pool factors. Five notches provide a buffer against an issuer downgrade.

Scope Ratings has updated its rating report on Cassa Depositi e Prestiti, rated BBB+ with Stable Outlook.

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

Scope Ratings has updated its rating report on MFO Rico Express LLC, rated B+ with Stable Outlook.

The ratings are driven by the high integration with the Italian Republic and the likelihood of exceptional support.

Scope Ratings has updated its rating report on Pareto Bank ASA, rated BBB with Stable Outlook.

Rating affirmation reflects the bank’s robust profitability despite increased credit costs, sound solvency position and adequate funding profile.

The rating affirmation reflects Rico Express’ leading position in the Georgian pawn loan market, and supportive solvency metrics.