Highly rated shareholders, a strong guarantee mechanism and favourable capital market access support the rating; risks include high exposure to crisis countries and concentrated shareholder base.

A strong capital base, very high liquidity buffers, excellent capital market access and highly rated key shareholders support the rating. High crisis-country exposure and a concentrated shareholder structure are challenges.

The issuer rating factors the bank's ongoing initiatives to improve financial performance and asset quality by refocusing on corporate and investment banking. Capital and funding remain tight in this context.

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

Declining public debt, improved banking-system resilience and favourable structural-reform momentum drive Outlook revision. Very elevated government debt and sustained structural economic weaknesses remain credit constraints.

Extensive European support mechanisms, economic resilience, fiscal prudence and a favourable debt profile anchor the rating. High public debt, low productivity and weak demographics are challenges.

The periodic review has resulted in no rating action.

This periodic review has resulted in no rating action.

Die periodische Überprüfung resultiert in keiner Rating Aktion.

A wealthy and resilient economy, credible policy framework and favourable debt profile anchor the ratings. Weak demographics and labour shortages are credit challenges.