LONDON: Scope, the first credit ratings agency approved by the European Central Bank’s (ECB), promises to put more weight on the eurozone’s improved ability to navigate crises although it has concerns about Italy and France and warns the Dutch election result could trouble its AAA grade.
By joining a soon-to-be-five-member group that the ECB uses to judge government bond collateral values, Berlin-based Scope could play a significant role in any future financial market crisis.
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