Scope Group

Scope ESG Analysis has issued a second party opinion of the Green Financing Framework of Hungarian container company, Mobilbox. The framework has been assessed as fully aligned with the 2021 Green Bond Principles (GBP) of the International Capital Markets Association and the 2023 Green Loan Principles (GLP) of the Loans Market Association, achieving the highest score of three green leaves, signaling a transformative positive environmental impact.   Mobilbox, has developed a forward-looking 2025-2032 sustainability strategy, where environmental protection and social responsibility play central roles. The green financing framework aligns seamlessly with this vision, enabling investments in renewable energy, energy efficiency, and circular economy projects—both on-site and integrated into container solutions. In addition, Mobilbox aims for 80% of its fleet to be electric through the acquisition of electric and hybrid vehicles and will finance supporting infrastructure such as on-site EV charging stations. Mailbox’s framework will also finance green buildings projects to construct, refurbish, or acquire high-sustainability production units, welding plants, offices, and mobile facilities. Wendy Fernandez Garcia Mobilbox - Container, Containervermietung, Modulgebäude, Containerhersteller.

Scope Ratings has been given a public ratings mandate by Banca Agricola Popolare di Sicilia (BAPS), the largest regional bank in Southern Italy formed from the recent merger of Banca Agricola Popolare di Ragusa and Banca Popolare Sant’Angelo. Scope assigned a BBB-/Stable rating, reflecting a well established co-operative franchise, improved asset-quality metrics and sound capital and funding positions. This is the bank’s first-ever public rating. The decision to mandate Scope came just ahead of the European Central Bank’s onboarding of Scope’s ratings into the Eurosystem Credit Assessment Framework. ECAF status makes Scope-rated debt instruments eligible as collateral in ECB and euro area central banks’ monetary policy operations. Saverio Continella, Chief Executive Officer of BAPS, said: “Obtaining our first-ever rating, from Scope, represents a very important achievement for our bank. It distinguishes us on the Italian banking scene and confirms the solidity of our financial fundamentals, the strategic vision that drives our decision-making and our constant commitment to transparency and innovation. The rating we obtained strengthens the trust of our stakeholders and is an important lever to access new opportunities, continuing our path of growth and service.” Marco Troiano, CFA, Head of Financial Institutions Ratings at Scope, said: “We are delighted that BAPS mandated Scope to assign its inaugural public rating. It reinforces Scope’s positioning as a provider of credit ratings in Italy and shows the validity of our analytical proposition. Our analytical approach, solidly anchored in the analysis of a bank’s business model and operating environment, produces ratings that display through-the-cycle stability”. See the full rating action release here: https://lnkd.in/e5B5tRKN Alessandro Boratti, CFA Guillaume J. Luigi Calvo Vincent Georgel O'Reilly Giacomo Barisone, PhD

Flattering to see the in-depth coverage by GlobalCapital's Atanas Dinov on the European Central Bank's finalisation of Scope Ratings' integration in the Eurosystem's credit assessment framework (ECAF) -- and our synchronised publication of the credit ratings of eight of Europe's systemically important banks. Check out Atanas's article here: https://lnkd.in/e9s_rNAd Read Scope's announcement here: https://lnkd.in/eaTKdR9H Guillaume J. Marco Troiano, CFA Keith Mullin André Fischer Giacomo Barisone, PhD Deutsche Bank Commerzbank AG Groupe Crédit Agricole BNP Paribas Banco Santander S/A Banco Bilbao Vizcaya Argentaria UniCredit Intesa Sanpaolo

Scope has published the issuer ratings of Deutsche Bank, Commerzbank, Credit Agricole, BNP Paribas, Banco Santander, BBVA, UniCredit and Intesa – due to increased interest from market participants in systemically relevant institutions. See the ratings and read the full statement by Marco Troiano, CFA, Scope's Head of Financial Institutions, in the article below. Giacomo Barisone, PhD Guillaume J. Julian Zimmermann Carola Saldias Alessandro Boratti, CFA Vincent Georgel O'Reilly Florian Stapf Keith Gilmour Marc Lefèvre

The European Central Bank (ECB) has completed the technical implementation of Scope’s credit ratings for marketable assets in its credit assessment framework (ECAF), putting the European rating agency on a level playing field with the oligopoly of US agencies. Guillaume J., Managing Director of Scope Ratings and Chief Analytical Officer of Scope Group, said: “The Eurosystem is now using the risk assessments of a European rating agency for the first time. Issuers and investors will benefit from a greater diversity of credit opinion to manage credit risk. Scope’s onboarding by the ECB is an important step in increasing Europe's financial sovereignty by reducing issuer and investor dependence on US-based rating agencies and supporting the European capital markets union.” Vincent Wald, Managing Director of Scope Ratings and Head of Credit Rating Operations, said: “The technical integration of our ratings in ECAF underlines how relevant Scope has become in the euro area financial system. Scope is the only European rating agency competing on a level playing field in Europe with the rating oligopoly.”  Read the full press release below. Giacomo Barisone, PhD Marco Troiano, CFA David Bergman Sebastian Zank, CFA Alvise Lennkh-Yunus, CFA Benoit Vasseur, CFA Antonio C. Karlo Fuchs Torsten Schellscheidt, CFA Kai Gerdes Matthias Boehm Alexander E. P. Bergé Florian Schoeller Vincent Georgel O'Reilly Keith Gilmour Marc Lefèvre Florian Stapf

CEE Sovereign Outlook 2025: risk balance to ratings broadly neutral for 2025 The Central and Eastern Europe (CEE) sovereign credit outlook is balanced, a rebound in growth broadly offsetting structural pressures amid fiscal and geopolitical challenges. Of 15 rated CEE sovereigns, three have Positive and 12 have Stable Outlooks. Report: https://lnkd.in/gWdtG8T3 Press release: https://lnkd.in/gEnViz94 Brian Marly Jakob Suwalski Alvise Lennkh-Yunus, CFA Giacomo Barisone, PhD #sovereigns

French banks outlook: Fundamentals support profitability; political uncertainty clouds loan growth French banks have underperformed EU peers on profitability in 2024, mainly due to slower balance-sheet repricing. We expect revenue growth in 2025, but political uncertainty will weigh on market confidence and could delay the recovery in lending volumes. Report: https://lnkd.in/egbcfPtB Press Release: https://lnkd.in/eFsKKZN3 Carola Saldias Marco Troiano, CFA Giacomo Barisone, PhD #financialinstitutions

Italian NPL collections: significant rise of judicial volumes as proportion of total proceeds Italian NPL collections rose by 11% month-on-month in October but were significantly below the volumes recorded in the same month of the past two years. Report: https://lnkd.in/eqJ9jUJw Press Release: https://lnkd.in/eqtcKnfp Paula Lichtensztein Leonardo Scavo Stefano Bracchi Antonio C. #structuredfinance

Scope’s ABS mandates continue to grow with Asti Group RMBS IV, a securitisation of prime Italian residential mortgages arranged by UniCredit. The mandate follows the ECB’s inclusion of Scope’s ABS ratings in its credit assessment framework (ECAF). Benoit Vasseur, CFA Rossella Ghidoni, EMBA Paolo Canale Andrea Modolo Luigi Calvo #structuredfinance

Norway: positive credit implications from banking sector consolidation Savings bank consolidation has accelerated in 2024. With integration risks and capital impacts well controlled, this is positive from a credit risk perspective given economies of scale, stronger market positions, and business and regional diversification. Report: https://lnkd.in/eFuB9q2U Press Release: https://lnkd.in/eeq-Dyxu Andre Aleksander Hansen Magnus Rising Marco Troiano, CFA Giacomo Barisone, PhD #financialinstitutions