26 February 2024 / Company news

WM Datenservice becomes delivery and distribution partner for Scope's ratings

Scope is delighted to announce that its credit ratings are now available through WM Datenservice, a leading European supplier of financial data and analysis, further strengthening Scope’s position in the European capital markets value chain.

“We want to make it as easy as possible for investors and risk managers to access our broad ratings coverage which is why it is important that our ratings are now available through WM Datenservice, one of the go-to sources for investors to meet their securities data and information needs,” said Michael Bolle, Head of Credit Solutions & Partnerships at Scope Group.

Scope Ratings, the leading European credit rating agency, has significantly expanded its ratings coverage in recent years across multiple issuer segments.

Torsten Ulrich, Managing Director of WM Datenservice: “With its recent acceptance into the ECB’s ECAF credit assessment framework, Scope Ratings has become a genuine rating alternative for many of our clients. We are very pleased to enable our clients to receive and process Scope Rating data using their already established interfaces with us. The planned launch date is 5th August 2024.”

On WM Datenservice: WM Datenservice supports investors with data solutions, integrated data and information along the entire process chain of securities since more than 75 years. In doing so, WM Datenservice provides the most important and trusted data for the securities business and continuously develops its analytical tools and services to offer the best solutions.

Event with German Fund Association (BVI) on 27 February 2024: WM Datenservice will be participating at an event hosted by the BVI in Frankfurt where Scope will present the advantages for asset managers of using Scope’s credit ratings. The event will be in German and English. Please register here.

Background on Scope’s rating coverage: Scope Ratings is the leading European credit rating agency offering an alternative view to the North American rating agencies. Scope offers credit risk analysis across multiple segments: sovereign and public sector, financial institutions, corporates, and structured and project finance. For European corporates, Scope has the third largest rating coverage of all rating agencies. For European sovereign and public sector issuers, Scope has the second largest rating coverage. Please follow this link for more information

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