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Doris Engel, Executive Vice President & CFO at BCEE (Spuerkeess), said: “We are very pleased to welcome Scope Ratings as our third rating agency, alongside Moody’s and S&P Global Ratings. This milestone reflects our commitment to a robust and diversified credit profile.”
Vincent Georgel-O’Reilly, Co-Head and Managing Director of Scope Ratings, said: “We are delighted to count BCEE among the leading European financial institutions that have joined our client base. A rating mandate from a leading issuer in a financial centre such as Luxembourg underscores the growing reach and relevance of our public rating coverage.”
Read the press release from the Banque et Caisse d’Épargne de l’État.
Scope rates the Banque et Caisse d’Épargne de l’État at AA/Stable. The rating reflects the bank’s resilient business model, underpinned by its leading domestic franchise, stable earnings, and a solid financial profile. Read the full rating announcement from 22 May 2026.
Scope issued a monitoring review on the sovereign rating of Luxembourg on 10 April 2026, having updated the rating on 25 April 2025: Scope affirms the Grand Duchy of Luxembourg's credit ratings at AAA with Stable Outlook
About Banque et Caisse d’Épargne de l’État, Luxebourg: Established in 1856, Banque et Caisse d’Épargne de l’État (Spuerkess) is the reference banking institution in Luxembourg. The mission of the state-owned bank is to support the country’s economic development by providing reliable and accessible banking services to all participants in the economy.
About Scope’s coverage of European banks: 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 European complexities. Our transparent, forward-looking methodology focuses on banks’ business models, while also accounting for resolution and recovery regimes, supporting rating stability and predictability over time.
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