Scope Ratings has published the performance overview of notes issued by Marzio Finance, a EUR 10bn securitisation programme backed by ‘cessione del quinto’ and ‘delegazione di pagamento’ (CQS) loans originated by IBL Banca.

Developments in Ukraine amid possible shifts in US foreign, defence and energy policy will be pivotal in determining European supranationals’ strategies and disbursements next year.

As COP29 has come to an end, the meeting has clarified that the leading roles in future of financing climate action are likely to land in the laps of the EU and China.

UniCredit is pursuing growth both nationally and internationally. If its bid for Banco BPM is successful, it will rebalance the group’s exposure to the Italian market while reshaping the domestic competitive landscape.

Tuesday, 3 December 2024, 15:30 CET

Spanish banks enjoyed a strong Q3 driven again by high interest margins and low provisions. The challenge now is to return to steady loan growth while generating more commissions as interest margins shrink. Extension of the bank tax could erode profits.

The credit rating Outlooks for supranational institutions and multilateral development banks (MDBs) rated by Scope remain Stable, signalling that risks facing the high-rated issuers are balanced going into the new year despite geopolitical uncertainties.

Italian banks have revised their 2024 earnings forecasts after strong nine-month results underpinned by resilient net interest income, a rebound in fees, and solid credit quality. Lenders are now focused on stabilising profits through the rate cycle.

Homeowners in some European markets prefer floating-rate mortgages while others prefer longer-dated fixed interest rates. Given that borrowing costs are all linked to the same ECB rates, this is somewhat counter intuitive.

Scope has published the annual update of its General Project Finance Rating Methodology. The changes are mainly editorial and aimed at providing further clarity and ensuring consistency with Scope’s other rating methodologies and rating definitions.