Creditreform Rating has set the rating of all valid bank ratings and bank issues to watch negative due to the currently not assessable impact of the Corona Crisis. Not affected by this rating action are government related banks. We refer to the free available Monitoring Report for a more detailed explanation.
Creditreform Rating has confirmed the A rating of Banque Fédérative du Crédit Mutuel. The outlook is stable. In addition, Creditreform Rating confirmed the rating of the Additional Tier 1 capital class at BB+, the Tier 2 capital class at BBB- and the rating of the Preferred Senior Unsecured Debt class (after reclassification from Senior Unsecured Debt) at A. The rating of the Non-Preferred Senior Unsecured Debt class was set to A-.
Creditreform Rating AG has revised its rating methodology for the rating of "Bank Capital and Unsecured Debt Instruments". Henceforth, only the revised version of the rating methodology ("Version 2.0") will be applied. Moreover, all current ratings of bank capital and unsecured bank instruments will be reviewed as part of our current monitoring and receive therefore the rating supplement "watch". Our revised rating methodology can be found at www.creditreform-rating.de.
Creditreform Rating has set the rating of Banque Fédérative du Crédit Mutuel SA to A´, with stable outlook. Creditreform Rating has also determined the ratings of the debt classes as follows. The rating of Additional Tier 1 was set to BB+´, the rating of Tier 2 to BBB- and the rating of the Senior Unsecured to A´.