Etude de la pertinence des normes IFRS au regard de l’analyse crédit bancaire des entreprises

IFRS, by their direct affiliation to the Anglo-Saxon accounting model, raise the question of their relevance to the Continental Europe context.This study aims to shed light on this question by highlighting, from a practical case study of the French Central Bank credit rating system, the implications of IFRS adoption in France for the methodology of financial statement analysis and credit rating of French groups.Results show a positive effect of new standards regarding the credit risk of non financial groups. They point out also that this effect can be equally attributed to the gain of transparency occasioned by the IFRS but also to the selective and conservative approach of the French Central Bank Credit Methodology.