Scope Ratings publishes its updated rating methodology for CRE securities and CMBS. All changes incorporated are non-material and affect no outstanding ratings. The proposed updates clarify and enhance the analytical approach.

The cut in minimum Long-Term Funding Ratio (WFD) requirements from 40% to 20% recommended by Poland’s Financial Supervision Authority and the inclusion of capped retail deposits come alongside bold measures to strengthen the covered bond market.

Collections for first 10 months of 2025 are consistent with the negative trend that started in 2023. The split between recovery strategies, meanwhile, has been constant. October collections were in line with September’s, recording a slight decrease of 2%.

Scope’s 12-month trailing ratings drift for structured finance transactions continued its shift into positive territory in the third quarter of 2025, with a positive ratio of upgrades over downgrades not seen since early 2022.

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.

Europe is seeing rapid growth in data centres – facilities notorious for high resource consumption – often in regions already facing water stress. The trend adds a significant sustainability challenge on top of the data centres’ heavy energy consumption.

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.

Italian NPL collections in September nearly doubled compared with August (+95%). However, they remain significantly below the levels recorded in the same period last year, a trend that has persisted throughout the year.

Climate change can materially affect the creditworthiness of all issuer types and asset classes, so we have harmonised our general framework for capturing this risk, which can be applied to produce issuer-specific Key Climate Risk Indicators (KCRIs).

GlobalCapital’s call for nominations for its European Securitization Awards 2026 is now live.