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BRD-Groupe Societe Generale S.A.’s (BRD) Issuer Default Ratings and Shareholder Support Rating reflect potential support from the bank’s majority owner, Societe Generale S.A. (SG). ���������ֳ� believes that SG would have very strong propensity to provide support to BRD, given the inclusion of BRD in SG’s single-point-of-entry resolution group and considerable reputational risk for SG from a default at BRD. Any required support for BRD would be immaterial relative to the parent’s ability to provide it, given BRD’s small relative side in the group’s total assets.