Announcements

    Drinks

      Instrument data
      Currency
      EUR
      ISIN
      FR0013452117
      Coupon percent
      0.2%
      Coupon type
      Fixed
      Instrument volume
      2,769,891,891
      Maturity date
      25/10/2052
      -
      AAA SF Outlook: None
      AAA SF Outlook: None
      Latest change
      New
      25/10/2019
      General information
      Rating
      Public
      Solicited
      With issuer participation
      UK endorsed
      EU Rated
      Cyrus Mohadjer Lead analyst
      David Bergman Committee chair
      No rating impact on FCT Bpifrance SME 2019-1 following extension of the revolving period - SME ABS

      19/10/2023 Monitoring note EN

      No rating impact on FCT Bpifrance SME 2019-1 following extension of the revolving period - SME ABS

      Scope Ratings announces that the extension of the revolving period, along with certain amendments to the transaction documents will not, in and of themselves, result in a rating action or withdrawal of the current ratings of the class A notes.

      Scope has completed a monitoring review of the class A notes issued by FCT Bpifrance SME 2019-1

      11/9/2023 Monitoring note EN

      Scope has completed a monitoring review of the class A notes issued by FCT Bpifrance SME 2019-1

      No action has been taken following the monitoring review.

      Scope has completed a monitoring review of the class A notes issued by FCT Bpifrance SME 2019-1

      16/9/2022 Monitoring note EN

      Scope has completed a monitoring review of the class A notes issued by FCT Bpifrance SME 2019-1

      No action has been taken following the monitoring review

      Scope has completed a monitoring review of the class A notes issued by FCT Bpifrance SME 2020-1

      25/11/2021 Monitoring note EN

      Scope has completed a monitoring review of the class A notes issued by FCT Bpifrance SME 2020-1

      No action has been taken following the monitoring review

      No rating impact on FCT Bpifrance SME 2019-1 following transaction upsize - French SME ABS

      26/10/2021 Monitoring note EN

      No rating impact on FCT Bpifrance SME 2019-1 following transaction upsize - French SME ABS

      Scope announces that the purchase of additional SME loans financed by an increase of the notes, along with certain amendments to the transaction documents will not, in and of themselves, result in a rating action or withdrawal of the current ratings.

      Scope has completed a monitoring review of the class A notes issued by FCT Bpifrance SME 2019-1

      20/10/2021 Monitoring note EN

      Scope has completed a monitoring review of the class A notes issued by FCT Bpifrance SME 2019-1

      No action has been taken following the monitoring review

      No rating action on FCT Bpifrance SME 2019-1 following changes to the reserve mechanism – SME ABS

      11/12/2020 Monitoring note EN

      No rating action on FCT Bpifrance SME 2019-1 following changes to the reserve mechanism – SME ABS

      Scope Ratings has assesed the potential impact of the structural amendements signed on 10 December 2020. No rating action is taken on Class A notes.

      Scope has completed a monitoring review of the class A notes issued by FCT Bpifrance SME 2019-1

      21/10/2020 Monitoring note EN

      Scope has completed a monitoring review of the class A notes issued by FCT Bpifrance SME 2019-1

      No action has been taken following the monitoring review

      No rating action on FCT Bpifrance SME 2019-1 following the exceptional increase of the reserve fund

      7/4/2020 Monitoring note EN

      No rating action on FCT Bpifrance SME 2019-1 following the exceptional increase of the reserve fund

      Scope Ratings has assesed the potential impact of the structural amendements signed on 1 April 2020. No rating action is taken on Class A notes.

      Scope assigns AAA(SF) to the class A notes issued by FCT Bpifrance SME 2019-1 – French SME ABS

      25/10/2019 Rating announcement EN

      Scope assigns AAA(SF) to the class A notes issued by FCT Bpifrance SME 2019-1 – French SME ABS

      Scope Ratings has today assigned final ratings to the notes issued by FCT Bpifrance SME 2019-1, a EUR 2bn revolving cash securitisation of loans extended to SMEs in France.

      Date Title
      25/10/2019 Rating Report, October 2019
      17/10/2019 PreSale Rating Report, October 2019