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      Credit Lines: European companies need to readjust to high real rates as disinflation sets in

      27/9/2023 Research EN

      Credit Lines: European companies need to readjust to high real rates as disinflation sets in

      Poor business sentiment in Europe has led to a rapid worsening in growth forecasts as companies grapple with higher borrowing and wage costs. Disinflation provides some relief, but the reality is that firms have yet to fully adjust to higher real rates.

      Italian NPL collections: July volumes down 11% over June

      21/9/2023 Research EN

      Italian NPL collections: July volumes down 11% over June

      Italian NPL collections fell 11% month over month and were 22% and 15% lower than those registered in July 2022 and 2021. Low volumes partly reflect seasonality effects but also the relatively muted activity already observed in the first half of the year.

      Webinar: European real estate: is the worst over for the corporate credit outlook?

      21/9/2023 Research EN

      Webinar: European real estate: is the worst over for the corporate credit outlook?

      Wednesday, October 11th 2023 - 3:00 PM (CEST)

      Bayer is in the market with new hybrid bond

      20/9/2023 Research EN

      Bayer is in the market with new hybrid bond

      Bayer AG is in the market with a dual-tranche euro-denominated hybrid bond, having mandated lead underwriters to arrange investor calls yesterday.

      Scope proposes an update to its CRE Loan and CMBS Rating Methodology and calls for comments

      19/9/2023 Research EN

      Scope proposes an update to its CRE Loan and CMBS Rating Methodology and calls for comments

      The proposed update clarifies and refines Scope’s analytical approach.

      BP: a new CEO will inherit a financially sturdy company, with strategic challenges to meet

      14/9/2023 Research EN

      BP: a new CEO will inherit a financially sturdy company, with strategic challenges to meet

      BP PLC is in rude financial health notwithstanding Bernard Looney’s unexpectedly shortened tenure as CEO, but his successor may have to revisit vexatious questions about the oil and gas giant’s long-term strategy for addressing the energy transition.

      The Wide Angle: Mandatory sustainability disclosure should not run ahead of corporate reality

      7/9/2023 Research EN

      The Wide Angle: Mandatory sustainability disclosure should not run ahead of corporate reality

      The EU is in the vanguard of the global push to achieve net-zero by 2050. It has achieved this position while reining in excessive political zeal around climate change. Mandatory disclosure should not run too far ahead of on-the-ground corporate realities

      STC invests in Telefonica in politically sensitive move as cross-border synergies remain elusive

      7/9/2023 Research EN

      STC invests in Telefonica in politically sensitive move as cross-border synergies remain elusive

      In a European telecoms industry still dominated by former national monopolies such as BT, Deutsche Telekom, Orange and Telecom Italia, nationality remains important – which is why Saudi Telecom Co’s investment in Spain’s Telefónica raises many questions.

      Scope ESG Insight - September 2023

      5/9/2023 Research EN

      Scope ESG Insight - September 2023

      Stress-test for exposure to drought; chemicals sector faces significant ESG challenges; long-awaited ESG disclosure initiatives by the EU; more ESG-linked debt issuance; EU carbon pricing

      Government proposal could inflict significant collateral damage on Italian NPL market

      4/9/2023 Research EN

      Government proposal could inflict significant collateral damage on Italian NPL market

      Italian government proposal AC 843, aimed at supporting borrowers in financial difficulty by giving them the option to buy back exposures already sold to third parties through ABS or loan disposals, has created significant turbulence in the NPL market.