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      Instrument data
      Issuer
      French Republic
      Senority
      Senior Unsecured
      Currency
      EUR
      ISIN
      FR0014012II5
      Coupon percent
      3.5%
      Coupon type
      Fixed:Plain Vanilla Fixed Coupon
      Instrument volume
      9,382,000,000
      Maturity date
      25/11/2035
      -
      AA- Outlook: Negative
      AA- Outlook: Negative
      Latest change
      New
      23/10/2025
      General information
      Rating
      Public
      Unsolicited
      With issuer participation
      UK endorsed
      EU Rated
      Thomas Gillet Lead analyst
      Alvise Lennkh-Yunus Committee chair
      Scope affirms France’s AA- credit rating and revises the Outlook to Negative

      26/9/2025 Rating announcement EN

      Scope affirms France’s AA- credit rating and revises the Outlook to Negative

      Rising general government debt and political instability drive the outlook change. Leading role in Europe, economic resilience, robust banking sector, favourable debt profile and excellent market access anchor the ratings.

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