S&P upgrades long term credit ratings of Crédit Agricole Group and its subsidiaries
On Friday 19 October night, the rating agencies S&P Global Ratings announced that teh following rating actions :
- one-notch upgrade to A+ (vs. A previously) of long term credit rating of Crédit Agricole Group, Crédit Agricole SA, de Crédit Agricole Regional banks, LCL, CA Consumer Finance, Crédit Agricole CIB and CACEIS; the credit rating of FCA Bank is unchanged; short term ratings of these entities are confirmed at A-1;
- onenotch upgrade to A- (vs. BBB+ previously) of long term credit rating of Crédit Agricole Assurances and of its subsidiaries Predica and Pacifica to A (vs. A- previously);
- one-notch upgrade of all credit ratings of medium to long term debt instruments issued by all mentioned entities;
- these rating upgrades are associated with a Stable outlook.