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13/5/2024 Rating announcement
Scope assigns SD to Deutsche Konsum REIT
The assignment of a default status follows the execution of a debt restructuring that Scope regards as a distressed debt exchange.
13/5/2024 Research
German covered bonds not imperilled by CRE but office exposure a concern
EU supervisors remain concerned that banks’ real-estate exposure is vulnerable, and US contagion risk is an issue. But while German banks’ CRE portfolios are unlikely to have endangered the safe-haven status of Pfandbriefe, office exposure is a worry.
13/5/2024 Rating announcement
Scope affirms the ratings on the notes issued by Heta Funding DAC
Scope affirms the ratings on the class A-1, class A-2, class B-1 and class B-2 notes, following the review of the transaction.
10/5/2024 Rating announcement
Scope downgrades Ukraine’s foreign-currency issuer rating to C and maintains a Negative Outlook
The downgrade of Ukraine’s foreign-currency issuer rating reflects start of negotiations for near-term external debt treatment for preservation of foreign-exchange liquidity and reducing the financing gap.
10/5/2024 Monitoring note
Scope has completed a monitoring review for the Republic of Cyprus
The periodic review has resulted in no rating action.
10/5/2024 Monitoring note
Scope has completed a monitoring review for the Land of Baden-Württemberg
The periodic review has resulted in no rating action.
10/5/2024 Monitoring note
Scope has completed a monitoring review for the Land of Berlin
The periodic review has resulted in no rating action.
10/5/2024 Monitoring note
Scope has completed a monitoring review for the Land of Saxony-Anhalt
The periodic review has resulted in no rating action.
10/5/2024 Rating announcement
Scope downgrades ORF’s credit rating to AA- and changes the Outlook to Stable
The downgrade is driven by the downgrade of the Republic of Austria’s ratings to AA+. ORF’s ratings are closely linked to Austria’s through ORF’s government-related entity status and close strategic, operational, and financial ties.
10/5/2024 Rating announcement
Scope stuft das Rating des ORF auf AA- herab und ändert den Ausblick auf Stabil
Die Ratingänderung spiegelt die Änderung des Ratings Österreichs auf AA+ wider. Das Rating des ORFs ist durch den Status als staatsnahes Unternehmen und strategische, operative und finanzielle Verknüpfungen eng mit dem Rating der Bundesregierung verbunden