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![Polish covered bond issuance expected to surge in next two years](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_611b3d5e009a88e977bdf7b6cdb75ff55e86887d9b6e84e3caa52bbc6b7bdd8d.jpg)
24/7/2024 Research EN
Polish covered bond issuance expected to surge in next two years
The introduction by Poland’s financial supervisory authority (KNF) of a long-term finance ratio for residential mortgages could provide a boost to Poland’s hibernating covered bond market. Green covered bonds could become the instrument of choice.
![European corporate ESG bonds boom in H1 2024; FY issuance projected to rise 40%](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_8b0432c258379c2480d6ec083b79a21432b9544a9ece66288de26ff8943404aa.jpg)
24/7/2024 Research EN
European corporate ESG bonds boom in H1 2024; FY issuance projected to rise 40%
European ESG corporate bond issuance surged to EUR 93bn-equivalent in H1 2024, keeping pace with the torrent of overall market activity and stabilising at around 25% of total bond volumes. We expect full-year ESG issuance to grow 40% year over year.
![Covered Bond Quarterly: Steady sailing over the summer with few clouds on the horizon](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_18ef8fb113df7813b5c196e55242cbd56662d33f6c95b2e6feec5fe310d204cf.jpg)
18/7/2024 Research EN
Covered Bond Quarterly: Steady sailing over the summer with few clouds on the horizon
This year will not set any records for investor-placed covered bonds. After moderate-to-strong activity for most of the year, issuance in June was the slowest in over 10 years. But we still believe our projected volume of EUR 170bn for 2024 is feasible.
![New property value definitions in CRR3 to have notable impact on some mortgage covered bonds](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_9ed61fe790d05a4cdad6ed270e15554521219e45c1bfd565ab071b8adcd02b66.jpg)
15/7/2024 Research EN
New property value definitions in CRR3 to have notable impact on some mortgage covered bonds
There is less than six months to go until the property value in the updated Capital Requirements Regulation takes effect. This could have a notable impact on covered bonds as market values are directly linked to the amount of bonds that can be issued.
![European retail: defaults still on rise after jump in 2023; discretionary-goods suppliers at risk](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_ca36b8c0dcc7a1fb945e9bdc3c3d393be769c949612ff7a7e0205da0a0f80155.jpg)
9/7/2024 Research EN
European retail: defaults still on rise after jump in 2023; discretionary-goods suppliers at risk
Credit risk remains high in Europe’s retailing sector this year, particularly in the discretionary goods segment, with no sign that the rising trend of business failures from last year will reverse in 2024 after defaults rose in the first quarter.
![Structured Finance Activity Report: negative ratings drift continues to recede](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_8ae52ca6b6a142351e02e0b24b8a6e2e41dcdbd570d63f97019988ddaeddd294.jpg)
1/7/2024 Research EN
Structured Finance Activity Report: negative ratings drift continues to recede
The persistent negative rating drift in place between the fourth quarter of 2021 and third quarter of 2023 continues to recede. The upward shift is mainly due to reduced rating pressure on CRE/CMBS and secured NPL transactions.
![Senior noteholder losses on Maroon unlikely to trigger domino effect in European CMBS](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_33dd93b7fe0e3a479ee242241b73b495e8b4734a10bcfee82ad0310e0df352bb.jpg)
27/6/2024 Research EN
Senior noteholder losses on Maroon unlikely to trigger domino effect in European CMBS
Losses to senior noteholders of the Elizabeth Finance 2018 CMBS resulting from the sale price of the properties securing the Maroon loan was an idiosyncratic outcome. It may not be a unique outlier but will not trigger wider market turbulence.