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

Core Viewpoint - Michelin has received strong credit ratings from both Scope Ratings and Moody's, indicating a solid business risk profile and improving credit metrics [2][3]. Group 1: Credit Ratings - Scope Ratings affirmed Michelin's Long-Term Issuer Default Rating (IDR) of 'A' with a Stable outlook on July 11, 2025, reflecting a solid business risk profile and very strong credit metrics [2]. - Moody's affirmed its Long-Term rating of 'A2' with a Stable outlook on July 9, 2025, highlighting Michelin's attractive margins and strong brand recognition [3]. Group 2: Business Strengths - Michelin's strong credit ratings are supported by its unique market position, innovation capabilities, and brand recognition, which contribute to its attractive margins [3].