BPCE mandates Scope Ratings

Charles-Henri Aulagner, Deputy Head Fundamental Ratings Sales in Paris, said: "BPCE's decision to mandate Scope underscores the growing relevance of a strong European perspective in credit risk assessment. Robust European financial services infrastructure has become increasingly important as policy makers work towards enhancing the resilience, competitiveness and strategic autonomy of our capital markets. The mandate also marks a significant step for us in the French market and reflects the trust that one of France’s leading banking groups places in our work."

BPCE announced the mandate of Scope Ratings in its Q3 results presentation (page 3)

Scope rates BPCE at A+ with Stable Outlook. Read the full rating action announcement.

On Scope’s Financial Institutions ratings: Scope rates more than 100 financial institutions with more than 4,500 individual outstanding bonds equivalent to an aggregate volume of EUR 2trn. Scope applies a distinctive approach to assessing credit risk in financial institutions, with methodologies tailored to Europe’s complexities. More on www. scoperatings.com

About BPCE: Groupe BPCE is the second-largest banking group in France and the fourth-largest in the euro zone by capital. A cooperative group serving the real economy, it supports 35 million clients worldwide, backed by the commitment of its 110,000 employees. More on www.groupebpce.com

More News on Scope Group:

·       ING Group mandates Scope Ratings

·       Scope’s ratings now available via Bloomberg Financial Solutions

·       DZ BANK to integrate and use Scope’s ratings

·       European Investment Bank mandates Scope Ratings

·       ECB completes onboarding of Scope’s ratings