Press releaseLyon, September 22, 2025 AFL acknowledges the downgrade to A+ (stable outlook) of its long-term rating by Fitch Ratings Following the decision by Fitch Ratings to downgrade the French government's long-term rating from AA- (negative outlook) to A+ (stable outlook), AFL, the bank for local authorities, announces that its own long-term rating assigned by Fitch Ratings has been revised from AA- (negative outlook) to A+ (stable outlook) on September 18, 2025. Its short-term rating remains unchanged ...