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European rating agency. Objective, transparent, independent.


Rating History

Rating Watch Outlook Decision Date Action Validity Date Maximum Validity
AA Outlook NEG 25.11.2020 04.12.2020
AA Watch UNW 29.05.2020 03.06.2020
AA Outlook STA 10.12.2019 17.12.2019
AA Outlook STA 31.08.2018 28.09.2018
AA- Outlook STA 23.05.2018 08.06.2018


  • 04.12.2020
    Creditreform Rating has confirmed the rating of 'AA' assigned to SFIL SA. The outlook was changed from 'watch unknown' to 'negative'. In addition, Creditreform Rating has determined the rating of the debt classes as follows. The rating of the Preferred Senior Unsecured class was confirmed at 'AA'. For further information please refer to our Rating Report on our homepage.
  • 03.06.2020
    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 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
  • 17.12.2019
    Creditreform Rating has affirmed the rating of SFIL SA at AA. The outlook is stable. The rating of Preferred Senior Unsecured Debt (after reclassification from Senior Unsecured Debt) was affirmed at AA.
  • 28.09.2018
    Creditreform Rating has raised the rating on SFIL SA to AA from AA-. The outlook is stable. Creditreform Rating has also raised the rating of the Senior Unsecured to AA from AA-.
  • 08.06.2018
    Creditreform Rating has set the rating of SFIL SA to AA-, with stable outlook. Creditreform Rating has also set the rating of the Senior Unsecured to AA-.