Banque Fédérative du Crédit Mutuel SA/Non-preferred Senior Unsecured
Banque Fédérative du Crédit Mutuel SA
Action Validity Date
Creditreform Rating AG has revised its rating methodology for the rating of banks (Bank Ratings). Henceforth, only the revised version of the rating methodology ("Version 3.0") will be applied with the end of the consultation process. In addition, Creditreform Rating AG introduced the new sub-methodology Institutional Protection Scheme Banks. Hence, 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 methodologies can be found at www.creditreform-rating.de.
Creditreform Rating has confirmed the rating of Banque Fédérative du Crédit Mutuel SA with 'A'. The outlook was changed from 'watch negative' to stable´. In addition, Creditreform Rating has determined the rating of the debt classes as follows. The rating of the Additional Tier 1 class was confirmed at 'BB+'. The rating of the Tier 2 class was confirmed at 'BBB-'. The rating of the Non-Preferred Senior Unsecured class was confirmed at 'A-'. The rating of the Preferred Senior Unsecured class was confirmed at 'A'. For further information please refer to our Rating Report on our homepage.
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-.