bannière Caffil



Caisse Française de Financement Local obligations foncières have an excellent credit rating granted by the three agencies : S&P, Moody’s and DBRS.

Standard & Poor’s Moody’s DBRS
Rating AA+ Aaa AAA
Outlook Outlook stable Outlook stable
Published in December 2018 February 2019 March 2019
Minimum over-collateralization
for current rating
9.0 %  5.0 % 5.0 %
 Last published report December 2018 June 2018 September 2018
 Other information Rating affirmed Rating affirmed Rating affirmed

 This rating involves :
  • a quarterly review of assets,
  • an agreement on the principles and the policy of hedging interest rate,
  • the satisfaction of stress scenarios and extinguishment of the balance sheet,
  • an appreciation of the relationship Caisse Française de Financement Local  – sponsor bank, SFIL.

The specific management rules of Caisse Française de Financement Local provide additional security for investors who benefit from the legal privilege.