Fitch Ratings downgraded AFL’s long-term rating to A+ with a stable outlook following the French government’s downgrade. AFL maintains a strong business model, liquidity, and financial policies. The rating change does not reflect a financial deterioration. AFL’s debt remains classified as HQLA1, meeting ACPR requirements. AFL’s debt securities are weighted at 30% under the CRR Regulation. AFL’s mission is to provide responsible finance for French local authorities, promoting decentralization and empowering local communities. AFL focuses on transparency, solidarity, and equity to support local projects and address social, economic, and environmental challenges.

Read more at GlobeNewswire: AFL acknowledges the downgrade to A+ (stable