After the Fitch and R&I rating agencies, S&P recognizes the financial strength of Groupe BPCE

The S&P rating agency recently confirmed Groupe BPCE’s A+ credit rating (negative outlook).

We remind readers that the Fitch and R&I rating agencies also confirmed the Group’s rating last week.

Fitch considers that Groupe BPCE and its brands enjoy a sufficiently strong financial profile to withstand the shocks associated with the current economic situation. The agency acknowledges the strength of its diversified banking model, its high level of capitalization, and its moderate risk profile. In particular, it emphasizes the ability of the Group to maintain, over the long term, a CET1 ratio well above regulatory requirements and among the highest among European banks (15.6% in June 2020) and anticipates that the Group will maintain this ratio in line with its strategic objectives at the end of 2020.

For its part, the Japanese rating agency R&I confirms Groupe BPCE’s A+ rating (stable outlook), also basing its opinion on the financial strength of our Group, a major issuer of yen-denominated securities.