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      Italian NPL collections: six-month judicial proceeds and DPOs below pre-Covid levels

      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.

      Italian CQS ABS: Marzio Finance performance snapshot

      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.

      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.

      EU alignment strengthens Spain’s covered bond framework

      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.

      Italian NPL collections: notes sales exceed judicial proceeds for first time in August

      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.

      Structured Finance Activity Report: downward trend in 12-month trailing ratings drift

      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.

      European real estate: rising inflation, higher yields - assessing the challenges for debt holders

      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)

      Scope updates its CRE Loan and CMBS Rating Methodology

      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.

      Italian NPL collections: May-July volumes stable but recovery strategies have changed

      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.