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      Instrument data
      Issuer
      COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELIN SCA
      Senority
      Senior Unsecured
      Currency
      EUR
      ISIN
      FR0013357845
      Coupon percent
      0.875%
      Coupon type
      Fixed:Plain Vanilla Fixed Coupon
      Instrument volume
      750,000,000
      Maturity date
      03/09/2025
      -
      WD Outlook: N/A
      WD Outlook: N/A
      Latest change
      Withdrawal
      03/09/2025
      General information
      Rating
      Public
      Solicited
      With issuer participation
      UK endorsed
      EU Rated
      Withdrawal reason: end of maturity of the debt obligation, or in case the debt is redeemed, called, prefunded, cancelled
      Eugenio Piliego Lead analyst
      Sebastian Zank Committee chair
      Scope affirms Michelin’s issuer rating at A/Stable

      11/7/2025 Rating announcement EN

      Scope affirms Michelin’s issuer rating at A/Stable

      The affirmation reflects a solid business risk profile coupled with very strong and further improving credit metrics. Ratings upside is deemed limited for the time being due to potential usage of financial headroom.

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      Scope publishes Michelin’s A/Stable issuer rating for the first time

      12/7/2024 Rating announcement EN

      Scope publishes Michelin’s A/Stable issuer rating for the first time

      The issuer rating reflects Michelin’s strong business risk profile as a leading global tyre manufacturer and an even stronger financial risk profile, supported by low leverage.

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