No action has been taken on Class A notes issued by Sirio NPL S.r.l. following the monitoring review.

The affirmation mainly reflects the still very strong financial risk profile as well as the good prospects for growth and cash generation despite macroeconomic challenges and geopolitical uncertainties.

Euro area governments unable to put in place consistent medium-term fiscal plans face credit-rating pressure even though reducing public borrowing is possible, including for highly indebted countries.

When it comes to assessing banks, high customer satisfaction, progress in digitalisation or brand value do not win arguments in investment, credit, or rating committees if financial metrics are not sufficiently reassuring.

Rating continues to reflect the Norwegian bank's focused savings bank business model, solid earnings and sound prudential metrics.

Scope Ratings has updated its report on the Hypothekenpfandbriefe (Austrian mortgage covered bonds) issued by Bausparkasse Wüstenrot AG.

After five years of near-zero cumulative growth since the pandemic, Germany’s economic recovery is unlikely to accelerate without adequate policy reform and an increase in net investment, supported by its significant fiscal space.

A structural deterioration in the fiscal position and protracted headwinds from the Russia-Ukraine war drive the downgrade. A sound institutional framework, robust growth potential and still low public debt are credit strengths.

The periodic review has resulted in no rating action.

Robust budgetary performance, conservative budgetary, debt and liquidity management and low contingent liability risk support the rating. Low expenditure flexibility, coupled with cost pressures, is the main credit challenge.