Scope creates foundation to guard European identity

Trichet_PA_575x375_9September2020
By Jasper Cox
09 Sep 2020

Scope, which provides credit ratings, has created a foundation holding a portion of its shares, saying this is designed to keep it in European hands. In addition, Jean-Claude Trichet, former president of the European Central Bank, has joined an honorary board it has set up to advise on European issues.

The company, which was founded in Berlin, points to its European identity as an area of strength.

“At the moment we have a US oligopoly in the market,” said Florian Schoeller, Scope’s founder and main shareholder. He said it was important for investors to have “a more European ...

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