Michelin: Scope Ratings and Moody’s both affirm Michelin’s strong credit ratings

Clermont-Ferrand, July 15, 2025

COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELIN

Scope Ratings and Moody’s both affirm Michelin’s strong  credit ratings

On July 11, 2025, Scope affirmed Michelin’s (Compagnie Générale des Etablissements Michelin and its main financial subsidiaries) solicited Long-Term Issuer Default Rating (IDR) of 'A', with a Stable outlook. According to the agency, this “reflects a solid business risk profile coupled with very strong and further improving credit metrics”.  

On July 9, 2025, Moody’s (unsolicited rating) also published its Long-Term rating affirmation of ‘A2’ with a Stable outlook. The agency underlined that “Michelin’s attractive margins further reflect its unique position, (…) helped by its strong brand recognition and innovation capabilities”.  

Contact details

       Investor Relations                                            Media Relations

                                                                                                                                                               +33 (0) 1 45 66 22 22

       investor-relations@michelin.com                           groupe-michelin.service.de.presse@michelin.com

       Guillaume Jullienne                                              Individual Shareholders                     

       guillaume.jullienne@michelin.com                        +33 (0) 4 73 32 23 05

       Flavien Huet                                                         Muriel Combris-Battut

flavien.huet@michelin.com   muriel.floc-hlay@michelin.com            

       Benjamin Marcus                                                  Elisabete Antunes

       benjamin.marcus@michelin.com                          elisabete.antunes@michelin.com