Scope Ratings

country: 
Germany

Scope was founded as an independent credit rating agency in Berlin, Germany, in 2002. The company is specialized in ratings and analysis of corporate bonds, financial institutions, structured finance, and alternative investment funds (AIF) across Europe. Scope is certified by ESMA as a European Credit Assessment Institution (ECAI) in the European Union. The agency employs 70 people and has offices in Berlin, London, Madrid and Paris.
Scope’s analysts consider Europe’s unique characteristics and offer insights based on a deep understanding of European markets and corporations. The methodology emphasises a forward-looking approach by using knowledge gained from equity analysis.Scope’s ratings reflect not just the likelihood of a default, but the relationship between risk and expected return.
Scope was the first rating agency to integrate the new European Bank Recovery and Resolution Directive (BRRD) into its methodology. Scope’s methodology takes full account of the peculiarities in the European market. For example, Scope does not consider a “sovereign cap” is applicable to European banks. Instead the analysts look in every case at the actual level of risk posed by a bank’s country of residence and portfolio composition. Scope believes that a bank’s credit rating can only be assessed by means of a tailor-made, “compare-and-contrast” analysis.