21/11/2022 Research EN
Italian NPL collections: six-month judicial proceeds and DPOs below pre-Covid levels
Taking the last six months, judicial collections and DPOs were lower than the six months before the pandemic. Note sales have followed a more volatile path but the trend has been upward as servicers rely increasingly on this strategy to generate cash.
14/11/2022 Research EN
Italian CQS ABS: Marzio Finance performance snapshot
Scope Ratings has published the performance overview of notes issued by Marzio Finance, a EUR 10bn securitisation programme backed by ‘cessione del quinto’ and ‘delegazione di pagamento’ (CQS) loans originated by IBL Banca.
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.
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.
1/11/2022 Research EN
EU alignment strengthens Spain’s covered bond framework
Spain’s covered bond framework has been significantly improved following legal alignment with the European Covered Bond Directive (CBD). It is now stronger and more robust, reflecting significantly enhanced legal clarity and transparency.
27/10/2022 Research EN
Italian NPL collections: notes sales exceed judicial proceeds for first time in August
Collections on Italian NPL securitisations fell 35% between July and August, following the pattern seen between the same months of 2020 and 2021. August 2022 volumes were 61% higher than August 2021 mainly because of proceeds from one large note sale.
18/10/2022 Research EN
Structured Finance Activity Report: downward trend in 12-month trailing ratings drift
Scope’s 12-month trailing structured finance ratings drift has remained in positive territory since the first quarter of 2021 but there has been a downward trend since the Q4 2021 peak, attributable mainly to the deteriorating macroeconomic outlook.
17/10/2022 Research EN
European real estate: rising inflation, higher yields - assessing the challenges for debt holders
Wednesday, October 26th 2022 - 3:30 PM (CEST)
6/10/2022 Research EN
Scope updates its CRE Loan and CMBS Rating Methodology
Scope Ratings publishes its final rating methodology for CRE loans and CMBS today.
22/9/2022 Research EN
Italian NPL collections: May-July volumes stable but recovery strategies have changed
Collections on Italian NPL securitisations fell 24% in July versus June but rose 7% year on year. Volumes in the May-July quarter have been stable since 2020 – EUR 459.9m, EUR 463.8m in 2021 and EUR 459.3m this year – but recovery strategies have changed.