4/12/2023 Research EN
Unibail-Rodamco marketing new green bond
Unibail-Rodamco-Westfield SE, guaranteed by Unibail-Rodamco-Westfield N.V., is in the market with a seven-year senior unsecured green bond.
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
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.
16/11/2023 Research EN
Hungary corporate outlook: inflation, lack of EU funds, tight and costly funding test credit quality
Hungarian companies have proved their resilience in a difficult operating environment of high interest rates, falling growth and a stubborn inflation in the past year, but the credit outlook is deteriorating despite state support in some sectors.
13/11/2023 Research EN
Italian Bank Quarterly: growing resilience despite uncertainties
Italian bank profitability has settled at high levels thanks to wide interest margins and low provisions. Financial fundamentals are robust and banks are well placed to face a softer economic outlook and uncertainties around lending and deposit dynamics.
10/11/2023 Research EN
Scope Ratings publishes new Oil and Gas Rating Methodology and calls for comments
The proposed new methodology lays out Scope’s analytical approach for oil and gas companies. The methodology as proposed is expected to have limited rating impact on outstanding ratings if implemented as proposed.