Action Logement Services is a simplified joint-stock company, created in 2016 by decree, member of Action Logement Group, which is its sole shareholder.
Action Logement Services’ purpose is to provide financing in the housing sector, in particular the housing of employees, in order to promote employment and contribute to economic dynamics throughout France. As such, it ensures the collection of employers’ participation in the construction effort (the “PEEC” for Partcipation des Employeurs à l’Effort de Construction). It provides loans, financial support, and services to employees and businesses, as well as to social and intermediate landlords.
Action Logement Services is licensed in France as a finance company.
Action Logement Services develops its activity with a commitment to social utility and sustainable development.
| Moody's Investors Service | Fitch Ratings | |
|---|---|---|
| Long terme senior unsecured | Aa2 | AA |
| Short term | F1+ | |
| Outlook | Stable | Negative |
2020
2019
2018
2017
| Moody's Investors Service | Fitch Ratings | |
|---|---|---|
| Long term senior unsecured | Aa2 | AA |
| Short term | F1+ | |
| Outlook | Stable | Negative |
| Last rating report | 15/12/2021 | 13/12/2021 |
Moody's
- Credit opinion 2021 (12/2021) [EN] (pdf)
- Credit opinion 2020 (12/2020) [EN] (pdf)
- Credit opinion 2020 (02/2020) [EN] (pdf)
- Credit opinion 2019 (09/2019) [EN] (pdf)
Fitch
EMTN Programme
Bond issues’ Final Terms
- FR0013457058 - ALS - Octobre 2021 - 10y - Final terms
- FR0014004JA7 - ALS - July 2021 - 20 y – Final Terms (Fr)
- FR0013457058 - ALS - Octobre 2019 - 15y - Final terms
Sustainable framework
Second party opinion
Reporting
- Issuance - October 30, 2019
- Establishment of Action Logement Group
Decree no. 2016-1408 of 20 October 2016, Article 1 paragraph 3
https://www.legifrance.gouv.fr/eli/ordonnance/2016/10/20/LHAL1617659R/jo/texte - Participation des Employeurs à l‘Effort de Construction (PEEC)
Law of 22 December 2018
https://www.legifrance.gouv.fr/affichCode.do?idArticle=LEGIARTI000037949687&idSectionTA=LEGISCTA000006176366&cidTexte=LEGITEXT000006074096&dateTexte=20181223 - Reorganisation of the PEEC
Decree no. 2016-1408 of 21 October 2016
https://www.legifrance.gouv.fr/eli/ordonnance/2016/10/20/2016-1408/jo/texte - Approval of ALG's Articles of Association
Decree no. 2016-1681 of 5 December 2016
https://www.legifrance.gouv.fr/eli/decret/2016/12/5/LHAL1632544D/jo/texte - Approval of Action Logement Services (ALS) Articles of Association
Decree no. 2016-1769 of 19 December 2016
https://www.legifrance.gouv.fr/eli/decret/2016/12/19/LHAL1634067D/jo/texte - The five-year agreement 2018-2022
Agreement of 16 January 2018
https://www.legifrance.gouv.fr/eli/convention/2018/2/8/TERL1736275X/jo/texte - The Voluntary Investment Plan
Agreement of 25 April 2019
https://www.legifrance.gouv.fr/eli/convention/2019/4/25/LOGL1913704X/jo/texte - Amendment to the five-year agreement 2018-2022 and to the Voluntary Investment Plan
February 2021 (French version)
https://groupe.actionlogement.fr/sites/alg/files/documents/investisseurs/fr/7_LEGAL/avenant_convention_quinquennale_2018_2022_signe.pdf
Géraldine Lamarque
Director Funding & Investor Relations
Action Logement Groupe
geraldine.lamarque@actionlogement.fr
+33 (0)1 87 02 20 10