Long-Term Local Currency Senior Unsecured Issues

Électricité de France S.A.

Rating	Watch	Outlook	Decision Date	Action Validity Date	Maximum Validity
A-		Outlook NEG	29.04.2020	11.05.2020
A-			04.10.2018	11.10.2018

11.05.2020

Based on the unsolicited corporate issuer rating of Électricité de France S.A. (A- / negative) Creditreform Rating has conducted unsolicited corporate issue ratings (ISIN) issued by Électricité de France S.A. The rating objects in question are exclusively long-term senior unsecured issues denominated in Euro, which have been issued by Électricité de France S.A. and included in the list of ECB-eligible marketable assets. The ECB list of eligible marketable assets can be found on the ECB´s website. All the following issues (ISIN) are rated with A- / negative.
11.10.2018

Based on the unsolicited corporate issuer rating of Électricité de France S.A. (group) (A-/stable), Creditreform Rating has conducted unsolicited corporate issue ratings (ISIN) issued by Électricité de France S.A. (group).
The rating objects in question are exclusively long term senior unsecured issues denominated in Euro, which have been issued by Électricité de France S.A. (group) and included in the list of ECB-eligible marketable assets. The ECB list of eligible marketable assets can be found on the ECBs website. All the following issues (ISIN) are rated with A-.