European rating agency. Objective, transparent, independent.
European rating agency. Objective, transparent, independent.

La Poste S.A.

Rating History

Rating Watch Outlook Decision Date Action Validity Date Maximum Validity
A+ Outlook NEG 18.01.2022 21.01.2022


  • 21.01.2022
    Creditreform Rating has assigned the initial unsolicited Corporate Issuer Rating of La Poste S.A. at A+ with negative outlook. This decision is based on La Poste's dominant market position in France as the national provider of mail services and leading player in the parcel business. Additional supporting factors are positive momentum for e-commerce activities, which will continue to drive volume growth in the parcel and express segments, and the Company's comfortable liquidity profile. We also take into consideration the Company's close linkages with the French State due to the social impact of its public mission obligations and, since we assume government willingness to provide financial support in the event of a liquidity squeeze, we have granted 4 notches uplift to La Poste's standalone credit rating.Conversely, La Poste is adversely affected by the continued declining trend in mail demand and by the increased competition from large online retailers.