Societe Generale SCF to Exit S&P, Transition to Moodys 2025 for Covered Bonds

07 March, 2025 | 1 Min Read

tickers: SCGLF

tickers affected by this

ticker	polarity	why?
SCGLF	positively	The ticker, presumably referring to Societe Generale SCF, may benefit positively from this change due to the retention of its high Aaa/AAA rating by Moody’s and Fitch, which underscores the robustness and reliability of its covered bonds, thereby potentially maintaining or enhancing investor confidence. As all the rating agency Moody’s France S.A.S and Fitch seem to be granting similar ratings as before and therefore the rating is not downgraded ,the market will be assured that the stability of the companys financial rating indicators still looks alike to the last time before the rating change as the rating still is the top ranked Aaa (Moody’s rating)/ Aaa (Fitch rating) rating.

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summary

Societe Generale SCF: Withdrawal of S&P Rating

Paris, 7 March 2025—Starting 5 March 2025, Societe Generale SCF (Société de Crédit Foncier) has required S&P Global Ratings Europe Limited (S&P) to withdraw the rating of its covered bonds (obligations foncières). Societe Generale SCF’s covered bonds are now solely rated by Moody’s France S.A.S (Moody’s). The Aaa rating granted by Moody’s remains unchanged. Societe Generale SFH’s covered bonds (obligations de financement de l’habitat) retain their Aaa/AAA rating by Moody’s and Fitch Ratings.