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

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

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

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

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

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Numerous challenges for companies in CEE result in an increased number of insolvencies

Corporate insolvencies in Central & Eastern Europe increased in 2022 due to high prices when it comes to energy, inputs, series of prompt interest rate hikes, the highest inflation in decades and the uncertainty related to the war in Ukraine.
Read our analysis and download our full study.

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Our clients trust us: Denmaur renews and extends its long-term policy

Good response times, risk underwriting expertise, collaborative approach… Denmaur, one of the UK’s leading paper suppliers, recently renewed its credit insurance agreement with Coface, a long-term partner.

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A further tightening of the oil market

In early April, Saudi Arabia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman announced combined oil output cuts of more than 1.1 million barrels per day (b/d), surprising the markets. This commitment follows a first production cut announced in October 2022 by OPEC+. It comes in addition of Russia's decision to cut output by around 500,000 b/d in reaction to the implementation of a EU ban on seaborne imports of Russian oil and oil products.
Read our press release here for more.

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The agreement on cereal shipments in the Black Sea will not be enough to solve all the challenges of the Agri sector in 2023

Although the agreement concerning the cereals transit in the Black sea, first negotiated between Ukraine and Russia under the aegis of Turkey, then renewed in March, has contributed to ease the pressure on cereals supply, its effects are limited and grey areas on the food security of many countries persist. The extension of this agreement provide temporary relief to the market, but Coface believes that the serious supply tensions that emerged with the start of the war in Ukraine will persist throughout 2023.

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Coface x Rel8ed: “Nowadays, Data Science is a key component of Risk Management”

Recently acquired by Coface, Rel8ed is a specialized data analytics boutique which develops innovative solutions leveraging Big Data and AI. How can our trade credit insurance and Business Information clients benefit from the pooling of expertise? Bob Lytle, General Manager and founder of Rel8ed, shares more here.

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Appointment of Grishma Kewada as Coface country manager for Singapore

Coface is pleased to announce the appointment of Grishma Kewada as Country Manager for Singapore effective April 1st 2023.

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Silicon Valley Bank’s failure highlights heightened financial stability risks amid monetary tightening

California and federal banking regulators shut down Silicon Valley Bank (SVB) and seized its deposits citing both illiquidity and insolvency. This is the 2nd largest failure of a U.S. financial institution after Washington Mutual in 2008. Read our expert's analysis of the situation.

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Coface country and sector risks handbook 2023: major trends of the world economy

Coface launches the 2023 edition of its Country & Sector Risks Handbook in a brand new format but as always with our much anticipated country and sector risk assessments.

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Coface’s commitment to equity

Gender equality, equal pay and career development… as we celebrate International Women's Day, what progress has Coface made?
And what commitments have we made for the years ahead?

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Turkey: Earthquakes raise inflation risk and political uncertainty

On February 6, the south eastern provinces of Türkiye were hit by earthquakes that killed over 40,000 people in Türkiye and Syria. This toll, far from being definitive, could double according to the United Nations. Retrouvez notre communiqué de presse sur les retombées économiques de cette catastrophe. Read our press release on the economic impact of this disaster.

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FY-2022 results: record net income at €283.1m and 80% pay-out ratio

Coface releases its FY-2022 results: record net income at €283.1m and 80% pay-out ratio

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Coface country and sector risks handbook 2023: major trends of the world economy

Coface launches the 2023 edition of its Country & Sector Risks Handbook in a brand new format but as always with our much anticipated country and sector risk assessments.

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From excessive pessimism to excessive optimism - Coface Barometer Q4 2022

2023 starts with good news on the macroeconomic front. First, Europe has avoided a recession that looked long promised. Second, the prospect of a rebound in China in the second half of the year, also raises hopes for the global economy. In this context, Coface's risk assessments have changed only slightly, with 5 changes for country risks and 16 changes for sector risks. Discover which ones in our latest barometer.

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China reopening has a positive but gradual impact on consumption

Paris, January 11, 2023 – China’s reopening process has come faster and earlier than expected. After announcing a gradual easing of its zero-Covid policy in November, the National Health Commission finally decided to downgrade the Covid-19 risk level in late December.

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Lithium: large-scale industrial opportunities but limited medium-term supply

With the conversion to electric or hydrogen vehicles under greater scrutiny than ever, lithium is making its mark as a strategic raw material of vital importance.

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Coface reports a new record result of €84.0m in Q3-2022

Coface reports a new record result of €84.0m in Q3-2022. Annualised return on tangible equity at 16.4%

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