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 [e-mail] Guillaume Jullienne [e-mail] Flavien Huet [e-mail] Benjamin Marcus [e-mail]

Media Relations [phone] [e-mail] Individual Shareholders [phone] Muriel Combris-Battut [e-mail] Elisabete Antunes [e-mail]