Announcements

    Drinks

      New analysis on Crédit Mutuel
      FRIDAY, 04/08/2017 - Scope Ratings AG
      Download PDF

      New analysis on Crédit Mutuel

      Scope Ratings assigns an Issuer Rating of A+ and a short-term debt rating of S-1 to Banque Fédérative du Crédit Mutuel SA (BFCM), both with Stable Outlook.

      The ratings are based on the overall stability and predictability of the entire Crédit Mutuel Group (CM), one of France’s large retail banking and financial services networks. CM’s reassuring credit fundamentals are also a key driver for the ratings at their current high level. 

      Scope’s ratings also take into account the existing challenges to the entire group’s operational and strategic cohesion, notably the dynamics of Crédit Mutuel Arkea’s strategic evolution. At the same time, Scope points out that divergent strategies within the group do not necessarily represent a structural weakness but an area of relative uncertainty; this holds to the extent that neither diverging party engages in risky activities that are incompatible with the group’s conservative culture.

      Download issuer rating report

      Related news

      Show all
      Perspectives économiques mondiales : tensions commerciales et géopolitiques pèsent sur la croissance

      20/6/2025 Research

      Perspectives économiques mondiales : tensions commerciales et ...

      Global Economic Outlook: US, Europe grow more slowly than expected amid trade, geopolitical tensions

      20/6/2025 Research

      Global Economic Outlook: US, Europe grow more slowly than ...

      Scope has completed a monitoring review for ABBank

      19/6/2025 Monitoring note

      Scope has completed a monitoring review for ABBank

      BPCE’s acquisition of Novo Banco is a step towards greater European Banking Union

      17/6/2025 Research

      BPCE’s acquisition of Novo Banco is a step towards greater ...

      Scope affirms the ‘A+/Stable’ issuer rating on Credit Foncier and Compagnie de Financement Foncier

      16/6/2025 Rating announcement

      Scope affirms the ‘A+/Stable’ issuer rating on Credit Foncier ...

      Updated rating report on IBL Banca

      16/6/2025 Monitoring note

      Updated rating report on IBL Banca