[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"site-data":3,"single:les-agences-de-notation--cest-quoi-":134,"related:les-agences-de-notation--cest-quoi-":221},{"header":4,"menu":28,"footer":49,"socials":119,"excludedFolder":132},{"logo":5,"folders":17},{"_type":6,"asset":7,"crop":10,"hotspot":13},"image",{"_ref":8,"_type":9},"image-086d028e440aef36cc64a0efd5a1fc4a4caa6834-136x70-svg","reference",{"_type":11,"bottom":12,"left":12,"right":12,"top":12},"sanity.imageCrop",0,{"_type":14,"height":15,"width":15,"x":16,"y":16},"sanity.imageHotspot",1,0.5,[18,23],{"title":19,"folder":20},"Perspectives",{"title":21,"slug":22},"Quelles opportunités à saisir pour ses placements sur le second semestre ?","placements-financiers-opportunites-s2-2026",{"title":24,"folder":25},"Trésorerie",{"title":26,"slug":27},"Gestion de trésorerie","gestion-de-tresorerie",{"logo":29,"text":32,"pages":33},{"_type":6,"asset":30},{"_ref":31,"_type":9},"image-d81c795c7153423236e84eb308bdc0042879446f-500x260-svg","Comprendre l’économie et les marchés financiers pour mieux gérer votre épargne.\n",[34,37,40,43,46],{"label":35,"link":36},"Accueil","\u002F",{"label":38,"link":39},"Dossiers","\u002Fdossiers",{"label":41,"link":42},"Articles","\u002Farticles",{"label":44,"link":45},"Vidéos","\u002Fvideos",{"label":47,"link":48},"Lexique","\u002Flexique",{"logo":50,"text":52,"lexiconTitle":47,"lexiconWords":53,"pinnedFolders":115},{"_type":6,"asset":51},{"_ref":31,"_type":9},"Comprendre l’économie et les marchés financiers pour mieux gérer votre épargne.",[54,66,77,88,99],{"id":55,"slug":56,"releaseDate":57,"title":58,"type":59,"question":60,"definition":61,"video":62,"cover":63},"prismic.lexicon.ZR2HUxIAACUAuPcT","desinflation",["Date","2026-10-12T13:44:56.309Z"],"Désinflation","lexicon","Qu'est-ce que la désinflation 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taux nominal d'une obligation ?",[],"https:\u002F\u002Fcdn.sanity.io\u002Ffiles\u002Folqwiayb\u002Fproduction\u002F1cd7fe386d0ea4c3ca83b8afed5a5e3bdd6e4f47.mp4",{"_type":6,"asset":86},{"_ref":87,"_type":9},"image-f4a05bf34f5b2d08ae71203063bfe8a2464b94ba-982x988-jpg",{"id":89,"slug":90,"releaseDate":91,"title":92,"type":59,"question":93,"definition":94,"video":95,"cover":96},"prismic.lexicon.ZR6o8hIAACIAvizV","duration",["Date","2026-10-12T13:44:56.309Z"],"Duration","Qu'est-ce que la duration d'une obligation ?",[],"https:\u002F\u002Fcdn.sanity.io\u002Ffiles\u002Folqwiayb\u002Fproduction\u002F17b4ca90aa49aea53e3af30ba2fc36fbc3fed710.mp4",{"_type":6,"asset":97},{"_ref":98,"_type":9},"image-84b0f9757f6c56dbd34c77e70bdf58bbca477c2d-1002x998-jpg",{"id":100,"slug":101,"releaseDate":102,"title":103,"type":59,"question":104,"definition":105,"video":111,"cover":112},"prismic.lexicon.ZR6v8hIAACIAvk3j","vix",["Date","2026-10-12T13:44:56.309Z"],"VIX","Qu'est-ce que le VIX 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agences de notation, c’est quoi ?","article","Les agences de notation sont des entreprises privées qui évaluent la fiabilité financière des entreprises, des États, des collectivités locales mais aussi des opérations financières.",{"_key":141,"_type":6,"asset":142},"k5ru",{"_ref":143,"_type":9},"image-3674feffca2b766551d00d70f593fd1b0de4639e-1000x1000-png","#784D7C",[],["Date","2023-09-28T00:00:00.000Z"],[148,157,163,169,175,181,187,191,197,210],{"_key":149,"_type":150,"children":151,"style":156},"k5rw","block",[152],{"_key":153,"_type":154,"text":155},"k5rv","span","Les agences de notation sont des entreprises privées qui évaluent la fiabilité financière des entreprises, des États, des collectivités locales mais aussi des opérations financières. Elles leur donnent une note, qui indique le risque de non-remboursement de leur dette. ","normal",{"_key":158,"_type":150,"children":159,"style":156},"k5ry",[160],{"_key":161,"_type":154,"text":162},"k5rx","Les trois principales agences de notation sont Standard & Poor’s, Moody’s et Fitch. Elles utilisent toutes le même système de notation qui va de AAA (risque faible) à D (risque élevé). ",{"_key":164,"_type":150,"children":165,"style":156},"k5s0",[166],{"_key":167,"_type":154,"text":168},"k5rz","Pour mesurer le degré de solvabilité d’un État ou d’une entreprise, elles construisent des scénarios financiers prévisionnels et évaluent la probabilité que chacun de ces scénarios se réalise à partir de l’examen de la structure future des coûts et des revenus de l’emprunteur. ",{"_key":170,"_type":150,"children":171,"style":156},"k5s2",[172],{"_key":173,"_type":154,"text":174},"k5s1","La note d’une entreprise ou d’un État est importante car elle permet aux investisseurs de savoir si leur argent est en sécurité. Si une entreprise obtient une mauvaise note, les investisseurs vont être moins enclins à lui prêter de l’argent.  ",{"_key":176,"_type":150,"children":177,"style":156},"k5s4",[178],{"_key":179,"_type":154,"text":180},"k5s3","En général, plus la note accordée est faible, plus le risque est élevé et plus les rendements associés au prêt le sont également pour compenser ce risque. Les investisseurs peuvent donc gagner plus, mais ont également un peu plus de chances de perdre leur mise. ",{"_key":182,"_type":150,"children":183,"style":156},"k5s6",[184],{"_key":185,"_type":154,"text":186},"k5s5","Les agences de notation jouent un rôle important dans l’économie. Elles permettent de garantir la confiance des investisseurs et de limiter les risques de crise financière.",{"_key":188,"_type":6,"asset":189},"k5s7",{"_ref":190,"_type":9},"image-5dd7bdf90d198b3074f79553ccd7deeb27a4e979-800x1786-jpg",{"_key":192,"_type":150,"children":193,"style":156},"k5s9",[194],{"_key":195,"_type":154,"text":196},"k5s8","Sources :",{"_key":198,"_type":150,"children":199,"level":15,"listItem":205,"markDefs":206,"style":156},"k5sc",[200],{"_key":201,"_type":154,"marks":202,"text":204},"k5sb",[203],"k5sa","Ministère de l’Economie, des Finances et de la Souveraineté Industrielle et Numérique","bullet",[207],{"_key":203,"_type":208,"href":209},"link","https:\u002F\u002Fwww.economie.gouv.fr\u002Ffacileco\u002Fagences-notation-role-crise-reforme",{"_key":211,"_type":150,"children":212,"level":15,"listItem":205,"markDefs":218,"style":156},"k5sf",[213],{"_key":214,"_type":154,"marks":215,"text":217},"k5se",[216],"k5sd","Le Monde",[219],{"_key":216,"_type":208,"href":220},"https:\u002F\u002Fwww.lemonde.fr\u002Fles-decodeurs\u002Farticle\u002F2023\u002F06\u002F02\u002Fagences-de-notation-comment-fonctionnent-ces-thermometres-controverses-de-l-economie-mondiale_6175829_4355770.html",[222,232,243,253,263,272,282,292],{"id":223,"slug":224,"title":225,"type":138,"headline":226,"image":227,"color":144,"folders":230,"date":231,"metaDescription":-1,"content":-1},"0f599046-cd3e-4ba5-b40c-5074c07f792f","biais-n-04-l-effet-de-disposition","Les biais de l'épargnant : l'effet de disposition","Notre cerveau influence nos décisions financières bien plus qu'on ne le croit. Cette série décrypte six biais cognitifs documentés par la recherche en économie comportementale, ceux qui façonnent silencieusement nos arbitrages d'épargne et d'investissement. Quatrième biais : l'effet de disposition. ",{"_type":6,"asset":228},{"_ref":229,"_type":9},"image-f9ce1d28b8e430518ebbf5f4cb615e28b74f6a7d-1000x1000-png",[],["Date","2026-08-27T08:05:00.000Z"],{"id":233,"slug":234,"title":235,"type":138,"headline":236,"image":237,"color":240,"folders":241,"date":242,"metaDescription":-1,"content":-1},"06588ee5-5e1d-413a-a6b6-f79fcabd6d8f","les-trois-actualites-de-la-semaine-au-20-08-2026","Les trois actualités de la semaine au 20.08.2026","Cette semaine, c'est la dette qui est à l'honneur : records en France et Outre-Atlantique, la tech et le budget sont dans l'impasse. Pendant ce temps, l'or se dore la pilule.",{"_type":6,"asset":238},{"_ref":239,"_type":9},"image-6a54ed1849552f71114dc0aadee662af30f1f114-1000x1000-png","#46665D",[],["Date","2026-08-20T09:22:00.000Z"],{"id":244,"slug":245,"title":246,"type":138,"headline":247,"image":248,"color":144,"folders":251,"date":252,"metaDescription":-1,"content":-1},"02347960-645b-4f76-960b-ab2c1a0c7e41","les-trois-actualites-de-la-semaine-au-16-07-2026","Les trois actualités de la semaine au 16.07.2026","Retour en force des small caps aux États-Unis, faillites des entreprises toujours nombreuses en France, et nouvelle salve de droits de douane américains direction le Brésil.",{"_type":6,"asset":249},{"_ref":250,"_type":9},"image-663434c2ac11d45174c568bfee34459d4c3a0f03-1000x1000-png",[],["Date","2026-07-16T13:38:00.000Z"],{"id":254,"slug":255,"title":256,"type":138,"headline":257,"image":258,"color":240,"folders":261,"date":262,"metaDescription":-1,"content":-1},"0da32f0b-4b69-43ee-acf1-eddfc788409d","marches-emergents-et-si-le-centre-de-gravite-se-deplacait","Marchés émergents : et si le centre de gravité se déplaçait ? ","Longtemps relégués au rang de placements exotiques et risqués, les marchés émergents reviennent sur le devant de la scène.",{"_type":6,"asset":259},{"_ref":260,"_type":9},"image-5670c1458cc1302411a9b6593d2b63705779fa30-1200x1200-heif",[],["Date","2026-06-15T15:51:00.000Z"],{"id":264,"slug":265,"title":266,"type":138,"headline":267,"image":268,"color":144,"folders":270,"date":271,"metaDescription":-1,"content":-1},"009a7ac3-8d37-41e4-9f26-994fbbe155bf","les-trois-actualites-de-la-semaine-au-13-05-2026","Les trois actualités de la semaine au 13.05.2026 ","Les records tombent cette semaine : les bourses mondiales sont en forme malgré la crise pétrolière, tandis que celle de nature politique au Royaume-Uni fait hausser le gilt. Pour ce qui est du crédit privé Outre-Atlantique, retour à la normale.",{"_type":6,"asset":269},{"_ref":250,"_type":9},[],["Date","2026-05-13T12:41:00.000Z"],{"id":273,"slug":274,"title":275,"type":138,"headline":276,"image":277,"color":240,"folders":280,"date":281,"metaDescription":-1,"content":-1},"081973d9-1ce5-4ed5-a7f9-0bf444cfcff1","les-trois-actualites-de-la-semaine-au-29-04-2026","Les trois actualités de la semaine au 29.04.2026 ","Nouveau bouleversement pétrolier : les Émirats Arabes Unis quittent l'Opep ! Cela voudra sûrement dire statu quo pour les banques centrales jusqu'à nouvel ordre. Bizarrement, les entreprises européenne résistent au conflit.",{"_type":6,"asset":278},{"_ref":279,"_type":9},"image-acecddc46ba79a4bc05699f4875d07dd0282f65d-1000x1000-png",[],["Date","2026-04-29T08:12:00.000Z"],{"id":283,"slug":284,"title":285,"type":138,"headline":286,"image":287,"color":144,"folders":290,"date":291,"metaDescription":-1,"content":-1},"12217857-134b-4691-aad1-358afa05a97c","les-trois-actualites-de-la-semaine-au-23-04-2026","Les trois actualités de la semaine au 23.04.2026 ","Regain d'optimisme de la bourse New Yorkaise malgré une situation toujours tendue en Iran, qui n'en finit pas de faire hausser les prix de passage du Canal de Panama. Pendant ce temps là, les semi-conducteurs font renouer la croissance sud-Coréenne avec les sommets. ",{"_type":6,"asset":288},{"_ref":289,"_type":9},"image-30da8ea19e9f379cddccef5c5ab519d9d44712c3-1000x1000-png",[],["Date","2026-04-23T14:31:00.000Z"],{"id":293,"slug":294,"title":295,"type":138,"headline":295,"image":296,"color":144,"folders":299,"date":300,"metaDescription":-1,"content":-1},"08c9c52b-feba-4083-91f0-858b7561fbc3","focus-sur-les-marches-emergents-quelles-perspectives-pour-2026","Focus sur les marchés émergents : Quelles perspectives pour 2026 ?",{"_type":6,"asset":297},{"_ref":298,"_type":9},"image-abddffed075143827900aa0108b17ec3348118d1-2327x2305-png",[],["Date","2026-01-19T13:22:00.000Z"]]