Announcements
Drinks
29/11/2023 Research EN
United Kingdom: higher taxes or growth needed to reach fiscal targets given spending pressures
The UK’s debt-to-GDP ratio is set to rise above official forecasts given continued pressure for more welfare and government spending unless future governments raise tax revenues, reduce the welfare state or significantly improve growth prospects.
29/11/2023 Research EN
The Wide Angle: Supervision – the overlooked strength of Europe’s banking systems
European banks are displaying strong and stable financial and business fundamentals due to the effectiveness of the supervisory regime and practices successfully pursued since the aftermath of the global financial crisis a decade and a half ago.
28/11/2023 Research EN
Credit Lines: might COP 28 be a boon for green bonds?
As COP 28 starts, investors are once again grappling with the need to make their views count when assessing the feasibility of net-zero strategies, especially in the energy sector. This may be good news for green-bond issuance.
23/11/2023 Research EN
Swedish banks brace for subdued lending, poorer asset quality next year, buffered by strong earnings
Earnings growth puts Swedish banks in a strong position to confront shrinking volumes, higher funding costs and the risk of higher provisions in the year ahead amid a gloomy economic outlook, says Scope Ratings.
21/11/2023 Research EN
Hungary: construction sector unsettled by low volumes, thin margins, uncertainty over EU funds
The credit outlook for Hungary’s construction sector is negative after years in which government incentives, strong housing demand and state spending on infrastructure, partly funded by the EU, filled order books and fattened profit margins.
20/11/2023 Research EN
Poland’s coal-power carve-out plan promises credit gains for Polish utilities – with caveats
Carving out the coal assets of Poland’s power utilities into a separate state-owned company would be credit positive, improving their longer-term business profiles and capital-market access, assuming a fair valuation for the legacy businesses.
20/11/2023 Research EN
EU sovereign debt: climate but especially demographics present important long-term risk
Climate and demographic risks have an important if moderate impact on medium-term public debt trajectories for most EU countries but become increasingly credit relevant and mutually reinforcing in the long run, says Scope Ratings.
20/11/2023 Research EN
Commerzbank's updated strategy promises profitable future; implementation will be challenging
Commerzbank’s new three-year growth plan is reliant on durably favourable interest rates, ambitious revenue gains in private and corporate banking, plus benign banking-sector competition and buoyant activity in Germany, leaving room for disappointment.