Ratings
Sfil
Sfil relies on high-quality ratings that take into account:
– the strategic importance of its public policy mission
– the close ties to its principal shareholder, the French government
Sfil
Moody’s
S&P
DBRS
French Republic
Moody’s
S&P
DBRS
Caffil:
Caffil (fully owned by Sfil) is a covered bond issuer whose portfolio of assets only comprises loans granted to public sector entities.
Caffil
Moody’s
Standard & Poor’s
DBRS
Rating
Aaa
AA+
AAA
Outlook
-
Outlook negative
-
Published in
December 2022
February 2023
February 2023
Minimum over-collateralization for current rating
5.5%
8.3%
5.0%
Last published report
June 2018
January 2023
October 2022
Other information
Rating affirmed
Rating affirmed
Rating affirmed
Documents:

DBRS - Rating Report - May 26 2023

S&P_RatingsDirect_Jun-05-2023

DBRS - SFIL - Press Release - January 31, 2023

Credit-Opinion-SFIL-Update-to-credit-analysis-03Jan2023

2018-06-21_Update-to-New-issue-report

Transaction-Update-CAFFIL_Public-Sector-Covered-Bonds_Jan-19-2023

CAFFIL-OF_Surveillance-Report-Octobre-2022
Last update 06/06/2023