France Credit Ratings & Outlooks
Pays | Moody's | S&P | Fitch | DBRS | Scope Ratings |
|---|---|---|---|---|---|
Aa3 Stable | A+ Negative | AA- Negative | AA (high) Negative | AA- Negative |
Historique des cotes de crédit
Pays | Date of Change | Agence de notation | Cote précédente | Outlook précédent | Cote actuelle | Current Outlook |
|---|---|---|---|---|---|---|
| oct. 17, 2025 | S&P | AA- | Stable | A+ | Negative | |
| sept. 26, 2025 | Scope Ratings | AA- | Stable | AA- | Negative | |
| mars 21, 2025 | DBRS | AA (high) | Stable | AA (high) | Negative | |
| déc. 14, 2024 | Moody's | Aa2 | Stable | Aa3 | Stable | |
| nov. 30, 2024 | S&P | AA- | Stable | AA- | Stable | |
| oct. 18, 2024 | Scope Ratings | AA | Negative | AA- | Stable | |
| oct. 12, 2024 | Fitch | AA | Negative | AA- | Negative | |
| mai 31, 2024 | S&P | AA | Stable | AA- | Stable | |
| mai 26, 2023 | Scope Ratings | AA | Stable | AA | Negative | |
| oct. 16, 2020 | DBRS | AAA | Negative | AA (high) | Stable | |
| mai 15, 2020 | Fitch | AA | Stable | AA | Negative | |
| avr. 17, 2020 | DBRS | AAA | Stable | AAA | Negative | |
| févr. 21, 2020 | Moody's | Aa2 | Positive | Aa2 | Stable | |
| mai 04, 2018 | Moody's | Aa2 | Stable | Aa2 | Positive | |
| juin 30, 2017 | Scope Ratings | NR | AA | Stable | ||
| oct. 21, 2016 | S&P | AA | Negative | AA | Stable | |
| avr. 29, 2016 | DBRS | AAA | Negative | AAA | Stable | |
| sept. 18, 2015 | Moody's | Aa1 | Negative | Aa2 | Stable | |
| déc. 12, 2014 | Fitch | AA+ | Negative Watch | AA | Stable | |
| nov. 07, 2014 | DBRS | AAA | Stable | AAA | Negative |
Clé de table
| Classe | Moody's | S&P | Fitch | DBRS | Scope Ratings |
|---|---|---|---|---|---|
Taux préférentiel | Aaa | AAA | AAA | AAA | AAA |
Haute Qualité | Aa1 | AA+ | AA+ | AA (high) | AA+ |
Aa2 | AA | AA | AA | AA | |
Aa3 | AA- | AA- | AA (low) | AA- | |
Grade moyen supérieur | A1 | A+ | A+ | A (high) | A+ |
A2 | A | A | A | A | |
A3 | A- | A- | A (low) | A- | |
Inférieure Moyenne | Baa1 | BBB+ | BBB+ | BBB (high) | BBB+ |
Baa2 | BBB | BBB | BBB | BBB | |
Baa3 | BBB- | BBB- | BBB (low) | BBB- | |
De qualité inférieure spéculatif | Ba1 | BB+ | BB+ | BB (high) | BB+ |
Ba2 | BB | BB | BB | BB | |
Ba3 | BB- | BB- | BB (low) | BB- | |
Highly Speculative Grade | B1 | B+ | B+ | B (high) | B+ |
B2 | B | B | B | B | |
B3 | B- | B- | B (low) | B- | |
Substantial Risk Grade | Caa1 | CCC+ | CCC+ | CCC | |
Caa2 | CCC | CCC | CCC | CCC | |
Caa3 | CCC- | CCC- | CCC | ||
Extremely Speculative Grade | Ca | CC | CC | CCC | CC |
C | CCC | C | |||
En défaut avec peu de perspectives de reprise | CD | RD | RD | ||
En défaut | SD | SD | |||
C | D | D | D | D | |
DD | DD | ||||
DDD | DDD | ||||
Non évalué | NR | NR | NR | NR | NR |
FAQ
What is France’s current credit rating?
France’s sovereign credit rating reflects its government’s ability and willingness to meet debt obligations. It is assigned by major agencies such as S&P, Moody’s, Fitch, DBRS, and Scope, and represents how international markets view France’s credit risk.
Has France’s credit rating changed recently?
This page lists the latest rating and outlook actions for France, showing when each agency last reviewed or changed its assessment.
Why does France’s credit rating matter to investors?
Ratings directly affect borrowing costs, investor confidence, and market access. Changes can influence France's bond yields, currency, and equity flows as investors reassess risk.
How does France’s rating compare to other countries?
You can explore how France ranks globally using our Credit Ratings Hub, which displays all countries’ ratings from S&P, Moody’s, Fitch, DBRS, and Scope.
What do outlooks like Positive, Stable, and Negative mean?
They indicate the expected direction of a rating. Positive signals a possible upgrade, Stable means no change is likely, and Negative points to potential downgrade risk
What is the difference between investment grade and speculative grade?
Investment grade (BBB−/Baa3 or higher) means relatively low risk and steady market access. A speculative grade (BB+/Ba1 or lower) signals higher risk and volatility, but can attract yield-seeking investors.
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