Current France credit ratings, according to main rating agencies.
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| Rating Agency | Rating | Outlook | Last Update | Action |
|---|---|---|---|---|
| Standard & Poor's | AA | negative | 5 Dec 2022 | outlook downgrade |
| Moody's Investors Service | Aa2 | - | 22 Feb 2020 | outlook downgrade |
| Fitch Ratings | AA- | - | 1 May 2023 | rating downgrade |
| DBRS | AA (high) | - | 19 Oct 2020 | rating downgrade |
France: Long-term Rating Scales Comparison
Symbol means a positive outlook assigned by the rating agency.
Symbol means a negative outlook.
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| Grade | Description | S&P | Moody's | Fitch | DBRS |
|---|---|---|---|---|---|
|
Investment Grade |
Prime |
AAA
|
Aaa
|
AAA
|
AAA
|
| High Medium Grade |
AA+
|
Aa1
|
AA+
|
AA(high)
|
|
|
AA
|
Aa2
|
AA
|
AA
|
||
|
AA-
|
Aa3
|
AA-
|
AA(low)
|
||
| Upper Medium Grade |
A+
|
A1
|
A+
|
A(high)
|
|
|
A
|
A2
|
A
|
A
|
||
|
A-
|
A3
|
A-
|
A(low)
|
||
| Lower Medium Grade |
BBB+
|
Baa1
|
BBB+
|
BBB(high)
|
|
|
BBB
|
Baa2
|
BBB
|
BBB
|
||
|
BBB-
|
Baa3
|
BBB-
|
BBB(low)
|
||
|
Speculative Grade |
Speculative |
BB+
|
Ba1
|
BB+
|
BB(high)
|
|
BB
|
Ba2
|
BB
|
BB
|
||
|
BB-
|
Ba3
|
BB-
|
BB(low)
|
||
| Highly Speculative |
B+
|
B1
|
B+
|
B(high)
|
|
|
B
|
B2
|
B
|
B
|
||
|
B-
|
B3
|
B-
|
B(low)
|
||
| Substantial Risk |
CCC+
|
Caa1
|
CCC+
|
CCC(high)
|
|
|
CCC
|
Caa2
|
CCC
|
CCC
|
||
|
CCC-
|
Caa3
|
CCC-
|
CCC(low)
|
||
| Extremely Speculative |
CC
|
Ca
|
CC
|
CC
|
|
|
C
|
C
|
C
|
C
|
||
| In Default |
RD
|
/
|
RD
|
RD
|
|
|
SD
|
/
|
SD
|
SD
|
||
|
D•NR
|
D•NR
|
D•NR
|
D•NR
|
||
France Credit Ratings historical data
Timetable of France credit ratings by S&P, Moody's, Fitch and DBRS agencies.
Symbol means a positive outlook assigned by the rating agency.
Symbol means a negative outlook.
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| Date | S&P | Moody's | Fitch | DBRS |
|---|---|---|---|---|
| 1 May 2023 | AA- | |||
| 5 Dec 2022 | AA | |||
| 19 Oct 2020 | AA (high) | |||
| 16 May 2020 | AA | |||
| 18 Apr 2020 | AAA | |||
| 22 Feb 2020 | Aa2 | |||
| 4 May 2018 | Aa2 | |||
| 21 Oct 2016 | AA | |||
| 29 Apr 2016 | AAA | |||
| 18 Sep 2015 | Aa2 | |||
| 12 Dec 2014 | AA | |||
| 7 Nov 2014 | AAA | |||
| 14 Oct 2014 | AA+ | |||
| 10 Oct 2014 | AA | |||
| 8 Nov 2013 | AA | |||
| 12 Jul 2013 | AA+ | |||
| 16 Feb 2012 | Aa1 | |||
| 13 Jan 2012 | AA+ | |||
| 16 Dec 2011 | AAA | |||
| 5 Dec 2011 | AAA | |||
| 12 May 2011 | AAA | |||
| 10 Aug 1994 | AAA | |||
| 23 Jan 1979 | Aaa | |||
| 25 Jun 1975 | AAA |