Moody’s rates Societe General bond A1

Moody’s Investors Service said it rates Societe General’s €10 million senior unsecured digital green bond A1.

The rating is in line with the ratings on Societe General’s outstanding senior unsecured ratings.

“The notes and the ownership of the notes are registered on a blockchain-powered platform operated by Societe Generale-Forge (SG-Forge), a fully-owned subsidiary of Societe Generale. Moody's considers that the credit risk of these instruments is similar to that of traditional instruments. SG-Forge will keep a list of the noteholders outside the blockchain and process payments through traditional means,” the agency said in a statement.

The outlook is stable.

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