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    Financial information at 30 September 2020

    Follow the Group's Financial information at 30 September 2020 - On Friday, November 13th 2020 from 9:00 am (Paris time).

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Financial information at 30 September 2020

Follow the Group's Financial information at 30 September 2020 - On Friday, November 13th 2020 from 9:00 am (Paris time).

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      • Each agency uses its own system in attributing ratings
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      Ratings

      EDF is rated by the 3 following rating agencies: Moody’s, Standard & Poor’s and Fitch

      The ratings attributed by these agencies allow EDF to enjoy favourable conditions for access to the financial markets.

      AgencyLong-term ratingLast business reviewLast press release
      Moody'sA3, negative outlook11/02/202024/04/2020
      Standard & Poor'sBBB+ stable outlook22/06/202022/06/2020
      Fitch ratingsA-, negative outlook29/08/201922/04/2020

      Latest research notes from rating agencies

      Moody's

      Moody’s note released on 24 April 2020 - Rating action (PDF - 123.82 KB)
      Moody’s note released on 11 February 2020 - Credit Opinion (PDF - 1.59 MB)

      S&P

      S&P note released on 22 June 2020 (PDF - 445.12 KB)

      Fitch

      Fitch note released on 22 April 2020 (PDF - 266.56 KB)
      Fitch note released on 29 August 2019 (PDF - 129.04 KB)

      Each agency uses its own system in attributing ratings

      • More information about the rating system
        • Long-term rating system

          Each rating agency uses its own long-term rating scales which have about 10 or so grades. Long-term rating covers debts of over one year.

          • Moody's : This agency uses a rating made up of upper and lower case letters. From the most to the least favourable, the scale is as follows: Aaa, Aa, A, Baa, Ba, B, Caa, Ca, C. The rating is refined by a figure from 1 to 3, which indicates the company's position within a category.
          • Standard & Poor's and Fitch : These agencies use a rating scale in upper case letters. From the most to the least favourable: AAA, AA, A, BBB, BB, B, CCC, CC, C, D. The rating is refined by a + or -, according to whether the company is located in the higher or lower end of a given category.

          Agencies include an outlook with each rating: this is the agency's opinion of the evolution in the quality of the company's credit. These outlooks are positive, stable or negative.

          Short-term rating system

          Short-term rating scales of the three agencies comprise between 5 and 7 grades. Short-term rating covers debts of less than one year.

          • Moody's : Ratings go from P-1 (Prime-1), the most favourable rating, to Not Prime, the least favourable.
          • Standard & Poor's: The scale is as follows: A-1+, A-1, A-2, A-3, B, C, and D.
          • Fitch : The rating scale is as follows: F1, F2, F3, B, C, and D.

          Specific events can affect the quality of a company's credit. Agencies then have the possibility of “monitoring” ratings, with a “positive” or “negative” outlook. This can lead the agencies to confirm, raise or lower their rating.

      Find out more about rating agencies

      • Moody's;
      • Standard & Poor's;
      • Fitch rating.
         
      Capital Structure

      Capital Structure

      EDF Group's share capital at 31 December 2020

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      Governance

      Governance

      Find out more about the Organisational Structure of EDF in France

      Financial and Extra-Financial Performance

      Financial Results, Nuclear Generation, EDF Group's Facts and Figures, Analysts Coverage

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      The EDF Share

      Dividends, Capital Structure

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      Shareholders

      Being a Shareholder, Manage your EDF Shares

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