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, 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, highlighting Michelin's attractive margins and strong brand recognition [3]. Group 2: Business Strengths - Michelin's unique position in the market is supported by its strong brand recognition and innovation capabilities, contributing to its favorable margins [3].