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

Clermont-Ferrand, July 15, 2025 COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELINScope Ratings and Moody’s both affirm Michelin’s strongcredit 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...

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 [email protected] Guillaume Jullienne [email protected] Flavien Huet [email protected] Benjamin Marcus [email protected]

Media Relations +33 (0) 1 45 66 22 22 [email protected] Individual Shareholders +33 (0) 4 73 32 23 05 Muriel Combris-Battut [email protected] Elisabete Antunes [email protected]

Attachment

• 20250715_PR_Michelin Credit Rating Scope & Moodys