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Scope Ratings is the leading European credit rating agency. As part of the Scope Group, we provide issuers and investors with independent ratings and research across all segments of debt capital markets. Our forward-looking credit analysis is rooted in our European heritage and perspectives. Scope is the only European credit rating agency recognized by the European Central Bank (ECB) within the Eurosystem Credit Assessment Framework (ECAF), making our ratings eligible for ECB monetary policy operations. Scope’s analysts are based in Berlin, Frankfurt, London, Milan, Madrid, Oslo, Paris and Poznan. We rate around 900 issuers and more than 13,500 bonds representing more than EUR 43trn of debt. Scope has the second largest rating coverage for European sovereigns and public sector issuers and the third largest for European corporates. Scope Ratings is registered with the European Securities and Markets Authority (ESMA), Switzerland’s Financial Market Supervisory Authority (FINMA) and UK's Financial Conduct Authority (FCA). Scope is the only European rating agency mandated by the EU, the European Investment Bank (EIB) and the European Stability Mechanism (ESM).