���������ֳ�

Credit Agricole’s (CA) ratings reflect a very diverse business model, leading franchises in multiple segments, low risk appetite, sound asset quality and profitability, strong capitalisation and funding compared with large European banks. ���������ֳ� rates CA as a cooperative banking group, bound by an effective mutual support mechanism. This legally established support mechanism encompasses the 39 regional banks (caisses regionales de Credit Agricole), as well as Credit Agricole S.A., the group’s listed central body, and Credit Agricole Corporate and Investment Bank (CACIB). The group publishes consolidated accounts and the affiliated entities share a common strategy, brand and joint marketing activities. Risk management is also centralised. CA S.A. is legally responsible for ensuring the affiliated entities meet liquidity and solvency requirements at all times. To this aim, the central body can access the financial resources of all the member banks that are part of this effective cross-support mechanism. CA is the domestic leader in bancassurance, and CA S.A. owns Amundi, the largest European asset manager by assets under management (AUM). Under its 2025 plan, CA aims to strengthen its market positions, mainly through organic growth and additional cross-selling between group entities.