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      Nordic utilities: north-south price gap benefits southern generators; TSOs also gain

      24/11/2022 Research EN

      Nordic utilities: north-south price gap benefits southern generators; TSOs also gain

      Nordic utilities will likely face a prolonged period of high electricity prices, but divergence between pricing in the north and south of Norway and Sweden favours southern generators over regulated network operators, says Scope Ratings.

      Hungary’s corporate credit outlook: inflation, currency clouds gather after decade of fair weather

      14/11/2022 Research EN

      Hungary’s corporate credit outlook: inflation, currency clouds gather after decade of fair weather

      Hungary’s corporate sector faces a further deterioration in credit quality as soaring inflation, rising interest rates, exchange-rate volatility and uncertainty about EU funds take their toll on private and public-sector demand, says Scope Ratings.

      Scope Ratings publishes its updated Consumer Products Rating Methodology

      4/11/2022 Research EN

      Scope Ratings publishes its updated Consumer Products Rating Methodology

      The methodology is now final following a call-for-comments period and will apply to all issuer and debt ratings of consumer products corporates. The methodology update has no impact on outstanding ratings.

      Norway’s residential housing boom is over: prices starting to fall

      4/11/2022 Research EN

      Norway’s residential housing boom is over: prices starting to fall

      Norway’s house prices are falling as the economic backdrop deteriorates and the era of ultra-low interest rates ends. This will expose households to an affordability shock. Banks are entering the challenging environment from a position of strength.

      European real estate grapples with inflation, higher yields: assessing challenges for debt holders

      3/11/2022 Research EN

      European real estate grapples with inflation, higher yields: assessing challenges for debt holders

      Europe’s real-estate sector is creaking under the pressure of inflation, rising yields and slowing economic growth, all with repercussions for real-estate companies and loan markets.

      UK grocery retailers: as winter approaches, inflation bites and profitability cliff looms

      2/11/2022 Research EN

      UK grocery retailers: as winter approaches, inflation bites and profitability cliff looms

      Soaring inflation in the UK is bedevilling consumers, which could lead to changes in consumer behaviour. Grocery retailers face their own challenges, such as rising materials and energy costs.

      Scope publishes new metals and mining rating methodology

      27/10/2022 Research EN

      Scope publishes new metals and mining rating methodology

      The methodology applies to Scope’s ratings of metals and mining companies globally and includes a comprehensive set of industry-specific risk drivers.

      Europe’s building materials: soaring energy prices squeeze margins, strain cashflow

      27/10/2022 Research EN

      Europe’s building materials: soaring energy prices squeeze margins, strain cashflow

      Europe’s building materials industry, grappling with shortages of raw materials, faces a growing cost crunch and cashflow squeeze due to sky-high energy prices, hence the importance of maximising cost savings in the months ahead.

      Pharma sector well placed to cope with slowing Covid-linked sales; hospitals face cost challenge

      26/10/2022 Research EN

      Pharma sector well placed to cope with slowing Covid-linked sales; hospitals face cost challenge

      The global healthcare sector is strongly placed to cope with a likely significant decline in Covid-related revenue and cashflow next year after two years of dynamic growth.

      European telecoms: court opinion backs EU’s stance against further mobile-sector consolidation

      24/10/2022 Research EN

      European telecoms: court opinion backs EU’s stance against further mobile-sector consolidation

      The prospect of near-term consolidation in the EU mobile telecommunications sector has dimmed after a legal opinion from the European Court of Justice effectively backed the European Commission’s veto of the 2016 merger of UK operators Hutchinson and O2.