Germany’s largest foundation invests in the leading European rating agency

As Scope Ratings GmbH reports, RAG-Stiftung has acquired a stake in Scope and is thereby strengthening the growth of the leading European rating agency. The investment is part of a funding round aimed at significantly expanding the agency’s European market coverage.

“Scope is a growth company that is gradually establishing itself in a market that thrives on the confidence of institutional investors,” Florian Schoeller, founder and CEO of Scope Group, says. “For this we need strong partners with an excellent reputation. RAG-Stiftung – along with AQTON SE, a holding company of entrepreneur Stefan Quandt, and numerous insurance companies – provides just this: a long-term view to investing and the firm belief in the value of building a European rating agency.”

Over the last five years, Scope has invested around €70 mio in establishing a viable European competitor within the global rating industry. The newly raised capital will be used primarily to expand the coverage of corporate ratings and digitalizing services. Over the next 30 months, Scope will increase its coverage of European blue chips to a level rivalling that of the two market leaders, S&P and Moody’s. This will make Scope a true rating alternative for institutional investors in Europe.

With €17 bln in assets, RAG-Stiftung is one of Germany’s largest foundations. It is responsible for financing the perpetual obligations arising from the hard-coal mining in Germany undertaken by RAG Aktiengesellschaft. The foundation safeguards the long-term financing of these activities by investing in safe and profitable assets that provide the required returns.

Scope Group is Europe’s leading provider of independent ratings, research and risk analyses across all asset classes. The group is based in Berlin and has offices in Frankfurt, London, Madrid, Milan, Oslo and Paris. The operating companies of Scope Group include, among others, Scope Ratings GmbH (credit ratings), Scope Analysis GmbH (ratings of investment funds, alternative investment funds and asset managers) and Scope Risk Solutions GmbH (data, models and assessments of credit risk).

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