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.

Global Capital has opened the call for nominations for its European Securitization Awards 2025. Awards are selected following a two-stage process: nominations will form the basis of a shortlist for each award that is then voted on by market participants.

Post-summer seasonal effects pushed September collections up 71% month-on-month, but volumes were 40% lower than the September 2022-2023 average.

Scope proposes an update to its CRE Loan and CMBS Rating Methodology and calls for comments from market participants by 4 December 2024. The proposed update clarifies and refines Scope’s analytical approach.

With sovereign credit quality reflecting fiscal and economic challenges, the Draghi report offered valuable insights into how to address some structural issues facing the euro area. But the report was notably silent on the contribution of covered bonds.

In 1769, Frederick the Great, King of Prussia, introduced the legal basis for an instrument that developed into Germany’s Pfandbrief, the forerunner of all covered bonds. How would he have reacted to the Draghi report on European competitiveness?

Securitisations of purely unsecured non-performing loan (NPL) portfolios have generally outperformed transactions backed by mixed NPL portfolios composed of unsecured and secured exposures.

Seasonal factors dragged August collections down 54% month-on-month, a new low since this report started to be published in 2020. A similar pattern has been observed in previous years but to a lesser extent (-35% in 2023, -38% in 2022).

Only six of the 20 loans in European CMBS that were scheduled to refinance this year have been repaid or refinanced. Nine were modified and three were extended. Meanwhile, two thirds of the loans still fail bank lenders’ refinancing requirements.