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29. August 2022

Scope Hamburg GmbH (Scope) affirms Hörmann’s issuer rating of BB/Stable on Hörmann Industries GmbH and as-signs short-term rating of S-3

Scope Hamburg GmbH (Scope) affirms Hörmann’s issuer rating of BB/Stable on Hörmann Industries GmbH and as-signs short-term rating of S-3. The rating reflects the supportive credit metrics but is constrained by market cyclicality, weak geographical diversification and low profitability. Rating action Scope Hamburg GmbH (Scope) today affirmed its BB/Stable issuer rating for Hörmann Industries GmbH. […]

29. August 2022

Scope Hamburg überprüft das A+/Stabil Emittentenrating des Erftverband Körperschaft öffentlichen Rechts vor dem Hintergrund geänderter Ratingmethodiken

Scope Hamburg überprüft das A+/Stabil Emittentenrating des Erftverband Körperschaft öffentlichen Rechts vor dem Hintergrund geänderter Ratingmethodiken. Rating action Scope Hamburg GmbH (Scope Hamburg) hat das A+ Emittentenrating des Erftverband Körperschaft öffentlichen Rechts (Erftverband) vor dem Hintergrund geänderter Ratingmethodiken überprüft. Die Überprüfung fokussiert sich insbesondere auf den Einfluss der neu eingeführten Ratingmethodik für staatliche Unternehmen auf […]

29. August 2022

Scope Hamburg places AA-/Stable issuer rating of Österreichischer Rundfunk Stiftung öffentlichen Rechts under review for changes in methodologies

Scope Hamburg places AA-/Stable issuer rating of Österreichischer Rundfunk Stiftung öffentlichen Rechts under review for changes in methodologies. Rating action Scope Hamburg GmbH (Scope Hamburg) has placed the AA- issuer rating of Österreichischer Rundfunk Stiftung öffentlichen Rechts (ORF) under review for changes in methodologies. The review is focused on how the newly introduced government related […]

5. August 2022

Scope Hamburg upgrades issuer rating and corresponding debt instrument rating of OPUS TIGÁZ from BB+/under review to BBB+/Stable due to changes in methodologies

The upgrades reflect a change in how Scope Hamburg assesses European utility companies under the methodologies introduced on 2 May 2022. Key drivers are stable business operations in a state-regulated market environment, a history of strong credit metrics and an overall strong liquidity profile. The latest information on the rating, including rating reports and related […]

3. August 2022

Scope Hamburg withdraws the A- issuer rating of GEFA BANK GmbH

The rating has been withdrawn for business reasons. The latest information on the rating, including rating reports and related methodologies, is available on this LINK . Rating action Scope Hamburg has withdrawn the A- issuer rating of GEFA BANK GmbH. The rating has been withdrawn for business reasons given the termination of the rating relationship. […]

7. Juli 2022

Scope Hamburg affirms the A- issuer rating of Elia Group SA/NV and withdraws the rating

The rating has been withdrawn for business reasons and is related to the repayment of the Fixed Rate Secured Notes of Solar Chest SA with the total issue volume of € 275 million and the related interest costs. The latest information on the rating, including rating reports and related methodologies, is available on this LINK […]

7. Juli 2022

Scope Hamburg affirms the A- instrument rating of Solar Chest SA and withdraws the rating

The rating has been withdrawn for business reasons following the repayment of the Fixed Rate Secured Notes with the total issue volume of € 275 million and the related interest costs. The latest information on the rating, including rating reports and related methodologies, is available on this LINK . Rating action Scope Hamburg has affirmed […]

24. Juni 2022

Scope Hamburg downgrades issuer rating of Grammer AG to BB/Stable from BB+/under review for changes in methodologies due to changes in methodologies

The downgrade reflects a change in Scope Hamburg’s assessment of Grammer’s credit quality following the introduction of changed rating methodologies at Scope Hamburg on 2 May 2022 The latest information on the rating, including rating reports and related methodologies, is available on this LINK . Rating action Scope Hamburg GmbH (Scope) has downgraded the issuer […]