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COFACE SA: Moody's upgrades Coface's main operating company to A1 IFSR, stable outlook

COFACE SA: Moody's upgrades Coface's main operating company to A1 IFSR, stable outlook

09/28/2023

The rating agency Moody’s, on 28th September 2023, has upgraded the financial strength rating (Insurance Financial Strength Rating – IFSR) for Coface to A1 from A2. The agency has also changed the outlook for Coface to stable from positive.

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Country and Sector Risk Barometer Q3 2023: Macroeconomics put to the test by microeconomic deterioration

10/17/2023

All the leading indicators point to a sharp slowdown in activity in North America and the Eurozone towards the end of the year, and the recovery of the Chinese economy has rapidly collided with structural weaknesses and a lack of confidence among households and businesses. In this context, we have modified 7 country risk assessments (2 upgrades and 5 downgrades) and 33 sector risk assessments (17 upgrades and 16 downgrades).
More in our latest barometer.

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COFACE SA: Moody's upgrades Coface's main operating company to A1 IFSR, stable outlook

09/28/2023

The rating agency Moody’s, on 28th September 2023, has upgraded the financial strength rating (Insurance Financial Strength Rating – IFSR) for Coface to A1 from A2. The agency has also changed the outlook for Coface to stable from positive.

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Companies in China report shorter payment delays in 2022 and expect higher economic growth in 2023

05/23/2023

Coface’ survey shows that fewer firms encountered payment delays in 2022. 40% of respondents reported overdue, down from 53% in 2021. The average payment delay was shortened from 86 to 83 days in 2022. More information here and in our publication.

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To hike or not to hike? Bank of England’s great dilemma

05/30/2023

On May 11, the Bank of England (BoE) decided to raise its key interest rate for the 12th time in a row, bringing it to 4.5%. At its latest meeting, the BoE stated that it would stay the course to ensure that inflation returned to 2%, and did not rule out further hikes if there are signs of persistent inflation. The latest figures show a slowdown in headline inflation, from 10.1% in March to 8.7% in April, but core inflation reached its highest level in 30 years.
Read our press release to learn more.

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Key figures

€1,812 M of turnover in 2022
 100 countries offering our services
 €283,1 M of net profit in 2022
 4,538 employees
All the key figures

Partners

  • NATIONAL GENERAL INSURANCE (NGI)
    Is one of the leading multi-line Insurers in the United Arab Emirates issuing credit insurance policies based on the Coface Globalliance/ Tradeliner wording.

    NGI

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  • OMAN INSURANCE COMPANY P.S.C. (“Sukoon”)
    is one of the leading insurance solutions providers in the Middle East, headquartered in Dubai, UAE. 

    Sukoon Insurance Full Colour JPG

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Coface Emirates Services Ltd
Coface Credit Insurance GCC Ltd
701, Emirates Financial Tower (South Tower), DIFC, PO Box 506598,  Dubai,  UAE
Tel. +971 4 3099 100 Fax. +971 4 3099 198   
Email Id: infomiddleeast@coface.com
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