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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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COFACE SA: AM Best affirms Coface’s main operating subsidiaries rating at A (Excellent) with a stable outlook

05/22/2023

The rating agency AM Best affirmed on 19 May 2023 the A (Excellent) Insurer Financial Strength – IFS rating of Compagnie française d’assurance pour le commerce extérieur (la Compagnie), Coface North America Insurance Company (CNAIC) and Coface Re. The outlook for these ratings remain “stable”.

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US: Economic resilience could be further tested by a debt ceiling showdown

05/22/2023

The United States could run out of cash as early as June 1 if Congress does not suspend or raise the debt ceiling.
As the deadline approaches and a political comprom Janet Yellen recently warned that the US could run out of cash as early as June 1st if Congress does not suspend or raise the debt limit. As a reminder, the debt ceiling is set at 31.4 trillion USD, an amount reached in January 2023. Since then, the federal government has relied to "extraordinary measures" to meet its obligations.

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7 tips for effective credit management and avoid business risks

05/15/2023

Preventing delinquencies or collecting receivables immediately is critical to the survival of many companies. To help you gain insight into your own credit management and improve your business risk prevention, here are 7 tips to better protect your business.

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Reopening of China carries risks and opportunities - New podcast episode

05/02/2023

Two experts from Coface reveal the risks and opportunities of China for businesses, in light of tumultuous current events.

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