30 MAR 2020
Dear business partners,
We are taking all the steps necessary to address the consequences of the Covid-19 crisis to ensure we can continue to support you.
We have activated Scope’s comprehensive business continuity plan in our offices in Europe. It has been operating successfully for several days. We have introduced comprehensive measures to protect employees and keep them safe. All our staff operating critical functions are equipped to work remotely and to ensure protection of confidentiality. Scope has suspended business travel and shifted meetings to video conference calls.
Timely insight on risks – deep understanding of Europe’s reaction to the Covid-19 crisis
Scope continues to respond quickly to developing events. More than ever, Scope is a partner of choice to best assess risks and opportunities with our profound understanding of the complexity of European politics, economy and finance. As the Covid-19 crisis develops, understanding in detail the strengths of European public institutions, the European banking system and how European countries are organising their response to the crisis is critical.
Scope’s recent publications highlight the breadth of our research and ratings activity:
Italy’s public health crisis strains debt sustainability, though ECB support to remain firm Are policy actions to support EU banks adequate? Covid-19 update: coordinated policy response key to calm markets Covid-19: corporate credit impact depends on cyclical exposure, scale of government suppor Primary Market Talk: asset-price bubble well and truly burst. Now it’s a waiting game Covid-19 impacts on European banks: pre-existing financial health condition matters Airlines: coronavirus outbreak accelerates industry consolidation; conserving cash key to survival
Our analysts are at your disposal to answer questions, whether you are an investor, issuer or another market participant. You can count on us to provide regular research updates, commentary and customised analysis.
Our thoughts are also with those of you who may have been affected by the disruption that the pandemic is causing to our private and professional lives.
Your Scope Team
All research and commentary on www.scoperatings.com