Scope teams up with VC Trade to offer ratings on digital platform

VC Trade, the leading digital challenger in the Schuldschein market, has begun cooperating with Scope Ratings, which will now offer optional credit opinions for any borrower using the platform. This will add efficiency and transparency to the market, proponents claim.

  • By Silas Brown
  • 25 Mar 2019

A majority of Schuldschein borrowers are unrated and market participants have felt for some time that there was an opportunity for a credit rating agency to affiliate with an independent platform and provide credit ratings for issuers. 

Scope, an agency officially sanctioned by ESMA to provide ratings, was an ...

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5 Deutsche Bank 31,434.19 150 3.96%

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5 BNP Paribas 8,267.11 42 6.34%

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1 JPMorgan 9,841.58 73 10.52%
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4 Goldman Sachs 6,080.77 44 6.50%
5 Morgan Stanley 5,699.31 38 6.09%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 SG Corporate & Investment Banking 8,582.70 34 5.47%
2 Citi 8,191.99 30 5.22%
3 Barclays 7,869.78 33 5.01%
4 BNP Paribas 7,833.50 40 4.99%
5 JPMorgan 7,498.03 29 4.78%