The rating affirmation reflects Scope’s expectation of full support from the parent, BPCE group, given the guarantee and solidarity mechanism that covers the group’s subsidiaries/affiliates.

The rating on Compagnie de Financement Foncier’s French obligations foncières reflects the issuer's A+ rating enhanced by up to nine notches from governance and cover pool factors. Five notches provide a buffer against an issuer downgrade.

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

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 report on the obligations focières (French covered bonds) issued by Compagnie de Financement Foncier.

The issuer rating of A+ combined with governance support results in the highest achievable ratings for the covered bonds. The cover pool provides additional rating stability.

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 report on the obligations focières (French covered bonds) issued by Compagnie de Financement Foncier.

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