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      Instrument data
      Issuer
      COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELIN SCA
      Senority
      Senior Unsecured
      Currency
      EUR
      ISIN
      FR0013357845
      Coupon percent
      0.875%
      Coupon type
      Fixed:Plain Vanilla Fixed Coupon
      Instrument volume
      750,000,000
      Maturity date
      03/09/2025
      -
      A Outlook: None
      A Outlook: None
      Latest change
      Affirmed
      11/07/2025
      General information
      Rating
      Public
      Solicited
      With issuer participation
      UK endorsed
      EU Rated
      Eugenio Piliego Lead analyst
      Sebastian Zank Committee chair
      Scope affirms Michelin’s issuer rating at A/Stable

      11/7/2025 Rating announcement EN

      Scope affirms Michelin’s issuer rating at A/Stable

      The affirmation reflects a solid business risk profile coupled with very strong and further improving credit metrics. Ratings upside is deemed limited for the time being due to potential usage of financial headroom.

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      Scope publishes Michelin’s A/Stable issuer rating for the first time

      12/7/2024 Rating announcement EN

      Scope publishes Michelin’s A/Stable issuer rating for the first time

      The issuer rating reflects Michelin’s strong business risk profile as a leading global tyre manufacturer and an even stronger financial risk profile, supported by low leverage.

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      Date Title