These assurances justify the very good credit ratings assigned to CADES by the various international rating agencies

CADES debt issues have been assigned AAA ratings

 

As CADES is included in the same category of issuer as the French state, CADES' short-, medium- and long-term debt issues have been assigned the highest ratings, reflecting a minimal degree of risk for investors. This is notably the case with Standard and Poor's (AAA and A1+), Moody's (Aaa and P1) and fitch IBCA (AAA and F1).

 

Cooke ratio stands at 0%

 

As they are viewed as being in the same class as government and central bank debt issues by OECD member-states, CADES' debt issues enjoy a 0% weighting in Cooke ratio terms . This has been confirmed by the Banking Commission and auditing authorities of the head-master member states of the OECD.