Latest Financial statements and Ratings

Caisse des Dépôts, french public financial institution, is a state agency.

Caisse des Dépôts benefits from the same rating as the French state.

Two laws grant it's highly protective status:

  • Immunity to liquidation and bankruptcy (French law of 25 January 1985 - art L 631-2 and L 640-2 of the French commercial code)
  • Solvency protection: French Law 80-539 of 16 July 1980.

Annual statements

Ratings

Ratings: 

Reports from Fitch, Moody's and S&P's, rating agencies

S&P RatingsDirect_CDC_21_10_2025 PDF - 142 KB

Fitch Rating 17 Sept 2025 PDF - 57 KB

Moody's Issuer Profile Caisse des Dépôts _ 7 oct 2025 PDF - 412 KB

Moody's Credit_Opinion-Caisse-Des-Depots-et-20Dec2024 PDF - 87 KB

Moody's rating 17 dec 2024 PDF - 53 KB

Notations:

Caisse des Dépots:

  • Standar & Poor's: A+/A-1
  • Moody's: Aa3/P-1
  • Fitch: A+/F1+

EMTN & BMTN Programmes:

  • Standar & Poor's: A+
  • Moody's: Aa3
  • Fitch: A+

CD Programme:

  • Standar & Poor's: A-1
  • Moody's: P-1
  • Fitch: F1+

Global CP Programme:

  • Standar & Poor's: A-1
  • Moody's: P-1
  • Fitch: F1+

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Analysis