The rating affirmation reflects Scope’s expectation of full support from the parent given Crédit Foncier’s strategic importance for funding diversification.

Scope Ratings has updated its issuer rating report on Crédit Foncier de France.

The rating affirmation reflects Scope’s expectation of full support from the parent given Crédit Foncier’s strategic importance for funding diversification.

Scope Ratings has updated its rating report on Crédit Foncier de France SA.

No action has been taken following the monitoring review.

Scope Ratings has updated its rating report on Crédit Foncier de France SA, rated A+ with Stable Outlook.

The rating actions balance Scope’s view of Crédit Foncier de France’s strategic role for Groupe BPCE against intragroup support, which is ultimately sensitive to the group’s credit profile. Covered bond ratings are unaffected.

The rating affirmation and Outlook change to Negative reflect Scope's view that the strength of the protective intra-group solidarity mechanism is sensitive to Groupe BPCE's ability to improve its structural profitability.

Scope Ratings has updated its rating report on Crédit Foncier de France SA, rated AA- with Stable Outlook

The rating reflects the bank's AA- issuer rating and a fundamental-based uplift of up to six notches. The high credit-quality cover assets with low funding-mismatch risk and moderate market risk provide additional rating stability.