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      Scope publishes final General Corporate Rating Methodology

      14/2/2025 Research EN

      Scope publishes final General Corporate Rating Methodology

      The methodology is now final following a call-for-comments period and will apply to all issuer and debt ratings of non-financial corporates. A limited impact is expected on outstanding ratings.

      Oil & gas sector credit outlook shifts to balanced from positive; crude prices reflect ample supply

      14/2/2025 Research EN

      Oil & gas sector credit outlook shifts to balanced from positive; crude prices reflect ample supply

      European integrated oil and gas companies (IOCs) can look ahead to a balanced credit outlook for the rest of the year compared with the positive one they faced in 2024 as likely lower average oil prices reflect an amply supplied market.

      Sub-Sovereign Outlook: finances remain stable amid fiscal challenges, wider regional disparities

      13/2/2025 Research EN

      Sub-Sovereign Outlook: finances remain stable amid fiscal challenges, wider regional disparities

      The outlook for European sub-sovereigns in 2025 is broadly balanced. Supportive institutional frameworks and central government backing help offset widening disparities within the EU as weaker regions face growing fiscal pressures, says Scope Ratings.

      Belgium: coalition agreement could pave the way for gradual budget-deficit reduction

      12/2/2025 Research EN

      Belgium: coalition agreement could pave the way for gradual budget-deficit reduction

      The new government coalition provides an opportunity to address Belgium’s fiscal challenges, although the trade-offs between budgetary consolidation and the multi-party administration’s socio-economic agenda could slow the pace of reform.

      European utilities:  less price support, more capex leave credit outlook less positive but balanced

      12/2/2025 Research EN

      European utilities: less price support, more capex leave credit outlook less positive but balanced

      European utilities face more difficult financial crosscurrents this year as years of extra earnings from elevated power prices have come to an end while the funding requirement to meet rising capital expenditure continues to grow.

      Germany: industrial, labour, tax reforms essential to revive growth amid geopolitical challenges

      11/2/2025 Research EN

      Germany: industrial, labour, tax reforms essential to revive growth amid geopolitical challenges

      Germany’s next government faces the urgent task of addressing the economy’s structural weaknesses while navigating increasingly protectionist and unpredictable US trade and defence policy. Building political consensus on reform remains a challenge.

      BPER’s new bid a defensive move to create a stronger group

      10/2/2025 Research EN

      BPER’s new bid a defensive move to create a stronger group

      BPER Banca’s all-share bid for its smaller rival Banca Popolare di Sondrio could be beneficial for both banks, although the risks of sub-optimal tie-ups are increasing in the current market environment.

      Scope proposes an update to its Automotive Suppliers Rating Methodology and invites comments

      6/2/2025 Research EN

      Scope proposes an update to its Automotive Suppliers Rating Methodology and invites comments

      Scope Ratings calls for comments on its Automotive Suppliers Rating Methodology by 6 March 2025. The update strengthens, refines and further clarifies Scope’s analytical approach. No impact is expected on outstanding issuer and debt ratings.

      Georgia: microbank law to enhance financial-sector competitiveness and support growth

      6/2/2025 Research EN

      Georgia: microbank law to enhance financial-sector competitiveness and support growth

      Georgia’s microbank framework is designed to enhance financial-sector competitiveness, expand the range of product offerings and services, and support entrepreneurs and the self-employed, driving economic growth.

      US tariffs pose broad challenges for European vehicle makers, but impact will vary

      6/2/2025 Research EN

      US tariffs pose broad challenges for European vehicle makers, but impact will vary

      US tariffs on vehicle imports from Mexico, Canada and China will hit Stellantis NV and Volkswagen AG the hardest, while BMW AG and Mercedes-Benz AG may be less affected due to greater pricing power and higher price elasticity.