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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.

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.

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.

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.

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.

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.

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.

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.