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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The rating has been withdrawn for business reasons.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 Rating action Scope Hamburg has withdrawn the A- issuer rating of GEFA BANK GmbH. The rating has been withdrawn for business reasons given the termination of the rating relationship.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The rating has been withdrawn for business reasons and is related to the repayment of the Fixed Rate Secured Notes of Solar Chest SA with the total issue volume of € 275 million and the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The rating has been withdrawn for business reasons following the repayment of the Fixed Rate Secured Notes with the total issue volume of € 275 million and the related interest costs.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 […]

16. Juni 2022

Scope Hamburg places SAF-Holland SE under review for a possible downgrade

The latest information on the rating, including rating reports and related methodologies, is available on this LINK . Rating action The rating action reflects the potential impact of SAF Holland’s planned acquisition of the Swedish brake manufacturer HALDEX AB which would result in an increase of SAF’s leverage. Rating rationale On 8 June 2022, SAF-Holland […]

2. Juni 2022

Scope Hamburg downgrades issuer rating of Vitens N.V. to A-/Stable from A+/under review due to changes in methodologies

The downgrade mainly reflects a change in how Scope Hamburg assesses government related entities under the methodology introduced 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 rating of Vitens N.V. to […]

20. Mai 2022

Scope Hamburg downgrades issuer rating of Helvetia Environnement to CCC- from CCC+ and withdraws the rating

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 downgraded the issuer credit rating of Helvetia Environnement Groupe SA to CCC- from CCC+. The further downgrade derives from the still pending securing of […]