Scope’s roster of mandated corporate ratings across different sectors and countries continues to grow with the addition of Spanish water concessions company GS Inima to its coverage.

The rating mandate from GS Inima, a global leader in the water sector, follows the recent acceptance and implementation of Scope’s credit ratings by the ECB for the central bank’s monetary policy operations, confirming Scope’s position as the leading European rating agency.

“We selected Scope to ensure investors benefit from a European perspective on our company’s credit quality. We are impressed with the rigour and efficiency with which Scope undertook this initial issuer rating. Achieving investment grade status is evidence of GS Inima’s success over the years in increasing our profitability, improving our balance sheet and strengthening our equity position.”Carlos Valencia, Chief Financial Officer at GS Inima

“We are delighted that Spain´s GS Inima has joined the wide range of companies across Europe which have chosen Scope Ratings to provide an independent view on their credit risk. The rating confirms the value that issuers and investors see in our growing coverage of large European companies using a distinctive analytical approach compared with that of the US-based rating agencies.” Carlos Romera Cano, Business Development Spain at Scope Group, Scope rates GS Inima at BBB-/Stable

 “GS Inima’s business risk profile benefits from its activities in the low-risk water concession business – a market with high barriers to entry – which provides the company with strong cash generation power and high profitability. The company focuses on long-term water concession contracts, mostly signed with municipalities or government agencies and, to a lesser extent, with industrial customers.” Michel Bove, Lead Analyst at Scope Ratings