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      Scope analysis reveals European banks can cope with significant credit deterioration

      18/5/2022 Research EN

      Scope analysis reveals European banks can cope with significant credit deterioration

      Takeaways from profitability and capital calculations conducted by Scope on 50 large European banks in its rated universe show that 44 institutions will remain profitable even if they had to triple their credit provisions.

      Credit Talk: Europe’s airline sector faces tough financing, operating conditions

      17/5/2022 Research EN

      Credit Talk: Europe’s airline sector faces tough financing, operating conditions

      Europe’s airline sector faces difficult financing and operating conditions, squeezed by rising interest rates and surging fuel prices even as air traffic recovers from the pandemic, forcing airlines to again adapt their strategies.

      Austrian lending limits will not ensure financial stability if interest rate-risk is excluded

      13/5/2022 Research EN

      Austrian lending limits will not ensure financial stability if interest rate-risk is excluded

      Exemptions included in the set of macroprudential measures proposed by Austria’s Financial Market Authority to address risks in the housing market are too generous and do not tackle the risk of higher interest rates. Legislative adjustments are needed.

      Webinar: Opportunities in energy infrastructure within Europe’s long-term energy re-orientation

      13/5/2022 Research EN

      Webinar: Opportunities in energy infrastructure within Europe’s long-term energy re-orientation

      Replay from 12.05.2022

      Spanish banks: cautious on cost of risk; valuation adjustments hit capital ratios

      12/5/2022 Research EN

      Spanish banks: cautious on cost of risk; valuation adjustments hit capital ratios

      Spanish banks reported a solid set of first-quarter results. Net interest income was flat for most domestic lenders, although it has bottomed out in Spain. Santander and BBVA, meanwhile, showed a positive year-on-year trend in international lending.

      The Wide Angle – why cyber risk is more than ever a top threat for European banks

      11/5/2022 Research EN

      The Wide Angle – why cyber risk is more than ever a top threat for European banks

      European banks and regulators have highlighted time and again that they consider cyber risk to be a key threat to banks’ activities, yet this remains one of the least assessed and considered risk factors.

      Scope updates its rating definitions

      9/5/2022 Research EN

      Scope updates its rating definitions

      Scope updates and clarifies its definition of default and long-term vs short-sterm correspondance table. This update does not impact any outstanding credit ratings.

      German banks: positive tone set to weaken over 2022

      9/5/2022 Research EN

      German banks: positive tone set to weaken over 2022

      German banks are in better shape than they have been for a long time. Results were solid in 2021 and early signals for Q1 2022 look promising. But as the storm clouds gather over the global economy, the positive dynamic looks set to weaken considerably.

      SEB out with senior preferred

      4/5/2022 Research EN

      SEB out with senior preferred

      Skandinaviska Enskilda Banken (SEB) went into the bond market this morning with a benchmark-sized euro-denominated senior preferred offering.

      TenneT EUR 3.85bn four-tranche green bond 2.5x covered

      3/5/2022 Research EN

      TenneT EUR 3.85bn four-tranche green bond 2.5x covered

      TenneT Holding, a Dutch government-related entity that manages two major transmission system operators, generated investor orders of more than EUR 9.7bn today for its EUR 3.85bn four-tranche senior unsecured green bond.