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Current credit ratings. Société Générale Group is followed by four financial ratings agencies.
- Societe Generale S.A.
Societe Generale S.A.’s (SG) ratings mainly reflect the...
- Societe Generale
determine a bank's anchor, the starting point in assigning...
- Societe Generale S.A.
Societe Generale S.A. Entity featured on Fitch Ratings. Credit Ratings, Research and Analysis for the global capital markets.
- Key Rating Drivers
- Other Debt and Issuer Ratings: Key Rating Drivers
- Other Debt and Issuer Ratings: Rating Sensitivities
- Subsidiaries & Affiliates: Key Rating Drivers
- Subsidiaries and Affiliates: Rating Sensitivities
- VR Adjustments
- Best/Worst Case Rating Scenario
- Public Ratings with Credit Linkage to Other Ratings
- ESG Considerations
- Additional Disclosures
SG's ratings primarily reflect the group's adequate capitalisation and a more variable earnings and execution record than large French and higher-rated global trading and universal bank (GTUB) peers'. SG's diversified business profile, albeit with a significant contribution from more volatile capital-market activities, and moderate risk appetite su...
SHORT-TERM IDR SG's Short-Term IDR of 'F1' is the higher of two possible options corresponding to an 'A-' Long-Term IDR, based on our 'a' assessment of the bank's funding and liquidity. DERIVATIVE COUNTERPARTY RATING (DCR), DEPOSIT RATINGS AND SENIOR PREFERRED DEBT SG's DCR, long-term senior preferred debt and deposit ratings are one notch above th...
A downgrade of our funding and liquidity assessment for SG could result in the Short-Term IDR being downgraded to 'F2', all else remaining equal. SG's DCR, senior debt and deposit ratings are primarily sensitive to changes in SG's IDRs. We would downgrade the DCR, long-term senior preferred and senior non-preferred debt and deposit ratings by a not...
The SSRs, Long-and Short-Term IDRs of SG's subsidiaries, CGLE and Franfinance, are based on shareholder support from SG. CGLE's and Franfinance's IDRs are equalised with those of SG as we view both entities as having a key role within the group as providers of car financing (CGLE), and consumer finance and equipment leases (Franfinance) in France. ...
CGLE's and Franfinance's ratings are sensitive to changes in SG's IDRs and changes in the subsidiaries' importance to the group or integration with SG.
The earnings and profitability score of 'a-' is above the 'bbb' category implied score because of the following adjustment reason: Historical and future metrics (positive)
International scale credit ratings of Financial Institutions and Covered Bond issuers have a best-case rating upgrade scenario (defined as the 99th percentile of rating transitions, measured in a positive direction) of three notches over a three-year rating horizon; and a worst-case rating downgrade scenario (defined as the 99th percentile of ratin...
The ratings of CGLE and Franfinance are driven by Fitch's assessment of shareholder support from SG.
Unless otherwise disclosed in this section, the highest level of ESG credit relevance is a score of '3'. This means ESG issues are credit-neutral or have only a minimal credit impact on the entity, either due to their nature or the way in which they are being managed by the entity. For more information on Fitch's ESG Relevance Scores, visitwww.fitc...
Dec 22, 2022 · Thu 22 Dec, 2022 - 11:58 AM ET. Capital, Earnings Drive Ratings: Societe Generale S.A.’s (SG) ratings mainly reflect the group’s adequate capitalisation and its earnings and execution being more variable than that of large French and higher-rated global trading and universal bank (GTUB) peers’.
Jul 18, 2023 · Capital, Earnings Drive Ratings: Societe Generale S.A.’s (SG) ratings mainly reflect the group’s adequate capitalisation and improving execution record, which Fitch Ratings expects to lead to more predictive and structurally higher earnings. SG’s diversified business profile and moderate risk profile are relative rating strengths.
