News and Publications

What's new

11/13/2018
Corporate news

All the News

03/07/2018
Country risk and economic studies

Insolvent or ‘zombies’, distressed companies represent nearly 6% of the total in France

The beginning of the year marked a clear improvement in key business insolvency indicators (...)

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02/27/2018
Country risk and economic studies

NAFTA renegotiations - could Mexico’s “high-risk” automotive industry deteriorate into a crisis?

Mexico’s automotive industry plays an important role in its economy (...)

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02/12/2018
Corporate news

Full-year results 2017: Coface doubles net income to €83.2m, and activates the capital optimisation lever provided for in its Fit to Win plan

Turnover: €1 354.9m, up 0.3% at constant scope and exchange rates. Net loss ratio 51.4%, improved by 14.1 pts; annual net combined ratio at 86.6%.

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01/23/2018
Country risk and economic studies

Country Risk Conference. 2018: the upturn continues, but corporates risk overheating

During its annual conference on country and sector risks, Coface shares with companies its vision of the major global economic trends for 2018

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12/19/2017
Country risk and economic studies

Turkey records dynamic growth but is increasingly vulnerable to external factors

Turkey’s economy grew substantially during the first three quarters of 2017, largely exceeding expectations despite the series of shocking events the country witnessed in 2016

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12/12/2017
Country risk and economic studies

France’s organic food sector could be forced to abandon its original principles in order to increase scale

The increasing preference of households for organic food is reflected in the sector’s very strong growth which is expected to exceed €8 billion in 2017

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11/28/2017
Corporate news, Country risk and economic studies

Germany’s corporate payment survey 2017

A better year for exporters and domestic trade

The second annual corporate payment survey for Germany carried out by Coface confirms many of the foregone trends. However, some improvements can be seen.

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11/28/2017
Country risk and economic studies

Poland Insolvency Report

Poland Insolvency Report: Insolvencies and restructuring proceedings still on the rise, despite a robust economy

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11/27/2017
Country risk and economic studies

The effects of Brexit on the UK auto industry

The effects of a "hard" Brexit will be decisive for the innovation capacity and competitiveness of the British automotive industry

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11/15/2017
Country risk and economic studies

Embargo on Qatar: Manageable for the Time Being, but not Long-term

On June 5, 2017, Saudi Arabia, the United Arab Emirates, Egypt, and Bahrain (known as the quartet) announced they were breaking diplomatic ties with Qatar due to the country’s relations with Iran and accusations that it supports extremism. Although the embargo has had some impact on Qatar, the country has so far been able to soften the effects of the crisis. The biggest threat to the Qatari economy would be if this crisis is prolonged.

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11/14/2017
Country risk and economic studies

China - Sub-Saharan Africa Trade Relations: Still Unbalanced

Brussels, November 14, 2017 -- Almost twenty years after the launch of the first Forum on China-Africa Cooperation, China-Africa relations remain unbalanced, according to Ruben Nizard, Coface economist and author of the study, China-Africa: Will the Marriage of Convenience Last? Bilateral trade, which totaled $123 billion in 2016, has leaped over the past ten years driven by Sub-Saharan African exports until 2014. The region now has a trade deficit with China. While 90% of exports to China are concentrated on natural resources, imports are more diversified and include manufactured goods, transport equipment, and machinery.

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10/18/2017
Country risk and economic studies

Argentine Legislative Elections: Is the Continuity of the Pro-Business Direction at Stake?

The trajectory of Argentina´s economic rebound will be subject to the outcome of the upcoming midterm elections on October 22.

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09/29/2017
Country risk and economic studies

Morocco : Extended Payment Periods Across Practically All Sectors

Morocco Corporate Payment Survey, first half of 2017: Extended payment periods across practically all sectors: 99 days on average in 2017, up from 82 days in 2016

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09/28/2017
Corporate news

Coface Improves its Full-Year Guidance: Loss Ratio Net of Reinsurance Now Seen Below 54%, A 4ppts Improvement

The measures taken by Coface to strengthen its risk infrastructure continue to bear fruit. They benefit from an improving economic environment, as growth in all large regions around the globe is on a positive momentum.

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09/27/2017
Country risk and economic studies

Financing Businesses: The Bond Market is Turning Into a "Spare Tire"...

Corporate bond financing: an advantage in times of crisis?

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09/26/2017
Country risk and economic studies

Country and Sector Risks: Europe Remains the Big Winner in the World Economic Upturn

World economic growth might not yet be at its highest (2.9% in 2017 and 2018), but there can be no denying that there are healthy signs.

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09/08/2017
Country risk and economic studies

Infrastructure: The Achilles’ Heel of Development in Latin America

During the commodity super-cycle that lasted over a decade, until around 2014, Latin American economies showed robust performance.The poor performance of recent years highlights the region’s competitiveness challenges.

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09/08/2017
Corporate news

Fitch Affirms Coface AA- Rating, With an Outlook ‘Stable’

Fitch Ratings affirmed, on September 8th 2017, Coface AA- Insurer Financial Strength (IFS) rating. The outlook is stable.

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09/07/2017
Country risk and economic studies

Coface Announces CEE Top 500 Companies

The Top 500 companies generated EUR 580 billion in 2016 – a minor decrease of 0.6% – and experienced a greater downturn in net profit by -3.1% to EUR 26.3 billion. In contrast to the decrease in turnover and net profit, employment rates boomed.

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09/07/2017
Country risk and economic studies

Central & Eastern European Insolvencies Overview

Company insolvencies dropped by 14% in 2015 and 6% in 2016

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07/31/2017
Country risk and economic studies

Latin America: The Winners and Losers of “Trumponomics”

Global credit insurer Coface released a report today outlining possible outcomes of US trade policies for the region, focusing on exchange rate, trade and investment.

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07/28/2017
Corporate news

Notice to all Illinois Policyholders Located in Cook, Kane, Lake and McHenry Counties

Coface North America Insurance Company has advised its business units to take immediate steps to comply with the Illinois Department of Insurance Bulletin 2017-03 which was issued in response to significant flooding.

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07/28/2017
Corporate news

Coface H1-2017 Results

Operating income up 17.5% and net income at €20.2m
Improving guidance for 2017: net loss ratio 3pts better, at below 58%

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07/24/2017
Country risk and economic studies

Hidden Impact of Lower Oil Prices: Tough Funding Conditions for GCC Banks

The economic stagnation from low oil prices is affecting liquidity conditions across Gulf Cooperation Council (GCC) countries, according to a study released by global credit insurer Coface.

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07/13/2017
Country risk and economic studies

Asia Corporate Payment Survey 2016: Tail Risks Are on the Rise

Coface’s annual survey traces the evolution of corporate payments in eight countries and 11 sectors in the Asia Pacific (APAC) region. The survey was conducted in Australia, China, Hong Kong, India, Japan, Singapore, Taiwan, and Thailand, with 2,795 respondents.

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07/05/2017
Country risk and economic studies

Country and Sector Risks Worldwide

The ongoing recovery seems to be a lasting one, given the economic rally in a considerable number of industrial sectors and in Europe, even if a few rain clouds on the horizon, in the United States and in China, darken the picture.

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07/05/2017
Country risk and economic studies

Sector risk assessments 2nd quarter 2017

12 Major sectors assessed worldwide

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06/08/2017
Country risk and economic studies

Infographics - Brexit: Despite a Series of Shocks, British Companies Remain Sound

Mixed resilience, first signs of Brexit during the exit negotiations phase but still some positive points…

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06/08/2017
Country risk and economic studies

Despite Several Shocks, the United Kingdom Will Remain Attractive for Businesses

Businesses have proven their resilience since the referendum, but a downturn in investments is starting to be seen.
The fall in growth (1.4% in 2017 and 1.2% in 2018) will lead to a rise in the number of business failures, of 8.7%1 and 8%1 respectively

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06/07/2017
Corporate news

Coface Names Gina Gruhn to Lead Sales and Marketing in North America

Coface North America, part of the global Coface Group, has named Gina Gruhn as Senior Vice President of Sales and Marketing.

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05/31/2017
Country risk and economic studies

Russia Is Emerging from Recession, but Structural Constraints Could Hurt Medium-Term Growth

The diversification of the Russian economy, made necessary by the lingering slump in oil prices, is coming up against structural constraints that may have an adverse effect on medium-term growth.

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05/18/2017
Country risk and economic studies

New Coface Survey Shows Optimism Among UAE Non-Oil Private Companies

Coface, the worldwide leader in trade credit management solutions and risk information services, has published its first-ever Credit Opinion Survey for the UAE region (...)

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05/01/2017
Country risk and economic studies

Labor Shortages in the Central and Eastern Europe Region: An Opportunity for Households but a Threat for Local Companies

Developments in Central and Eastern Europe (CEE) labor markets have been beneficial for households. Rising wages and low inflation, combined with improving consumer confidence, have led to lower unemployment rates and an increase in private consumption.

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04/26/2017
Corporate news

Coface Enhances the Customer Experience

One of the priorities of Fit-to-Win, Coface’s three-year strategic plan, is to enhance the service we provide to our clients.

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04/26/2017
Corporate news

Coface Results for Q1-2017: Net Income at €7.3m Driven by an Improvement in Net Loss Ratio. Fit to Win Progressing as Planned.

Net income at €7.3m driven by an improvement in net loss ratio. Fit to Win progressing as planned.

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03/31/2017
Country risk and economic studies

Corporate Payments Improved in China in 2016 with the Exception of Ultra-Long Overdues

A Coface survey of 1,017 Chinese companies on corporate credit risk management reveals that corporate payments improved in 2016 (...)

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03/28/2017
Corporate news

Coface North America Names Stephen Atallah to Head Underwriting Role

Coface continues to strengthen its senior management team, with the appointment of Stephen Atallah as Head Underwriting Role

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03/23/2017
Country risk and economic studies

Infographics: Sector risk assessments - 1st quarter 2017

12 major sectors assessed worldwide

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03/23/2017
Country risk and economic studies

Country and Sector Risks Worldwide - Business Confidence Is Picking Up, Despite Persistent Political Risk

Main economic surprise of early 2017: the rise in business confidence is perceptible, but is not yet generating a positive widespread upturn in country and risk assessments.

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03/23/2017
Country risk and economic studies

Infographics : New Political Risk Index For 159 Countries

Conflicts grew by +100% between 2007 and 2015. 2017 likely to pay a heavy price, due to
intensification of armed conflicts

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03/21/2017
Country risk and economic studies

New Coface Political Risk Index in 159 countries

The widespread rise in the political risk conceals mixed regional dynamics

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03/20/2017
Country risk and economic studies

Impact of Monetary Policy and Currency Depreciation on Chinese Corporates

The potential depreciation of the renminbi (RMB), along with the implementation of capital flow measures, are longstanding concerns for China.

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02/24/2017
Corporate news

Coface Results at 31 December 2016

“The second half of 2016 marks the beginning of the transformation of Coface. We delivered a net profit of €41.5m in the year, successfully closed the transfer of our French State export guarantees activity, and launched our 3-year strategic plan, Fit to Win, the (...)

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02/08/2017
Country risk and economic studies

Coface Corporate Payment Survey: Brazil Payment Experience Affected by the Bleak Economic Situation

Coface’s first Brazil payment survey, conducted with over 120 companies, reveals a challenging environment, even though the country is expected to exit recession in 2017 with a meager growth rate of 0.4%.

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01/24/2017
Country risk and economic studies

Infographics - 2017: An Economic Upturn in the Face of Political Risk

Four major risks for 2017 but some positives points...

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01/24/2017
Country risk and economic studies

Coface Country Risk Outlook 2017

Despite the recent economic upturn, uncertainties will continue to dominate the global economic climate this year.

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01/12/2017
Country risk and economic studies

Poland Payment Survey: Payment delays pervade Polish corporates

Coface’s payment survey confirms that sales on credit are being extensively used by Polish companies. Although credit periods have become common practice, it does not mean that receivables are being paid on time.

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12/20/2016
Country risk and economic studies

South Africa’s Economy Challenged by Crises in Agriculture and Mining, and Fears of an Investment Downgrade

Concerns over the country’s economic performance have been amplifying, due to its prolonged economic decline since 2011 (...)

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12/19/2016
Country risk and economic studies

After a Series of Shocks in 2015 and 2016, Turkey’s Economy Is Coming to the End of its New “Tulip Era”

Greater political uncertainty resulting from two parliamentary elections in 2015, drying global liquidity due to the US Federal Reserve’s rate hike process and the weaker Turkish lira, all contributed to dragging down growth.

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12/13/2016
Country risk and economic studies

“Uber-ization” in the French Economy: a Positive Impact on Employment but Will It Last?

Taxi Company Insolvencies Are Offset by the Creation of Private Hire Vehicles in the Greater Paris Region

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11/30/2016
Country risk and economic studies

German Economy in 2017: Stable, but Not Staid

The signs for Germany’s further economic development are promising, with a high level of stability. Coface’s expectations for solid growth therefore come as little surprise.

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11/28/2016
Country risk and economic studies

Six Downgrades Reflect Precarious Global Risk Situation

At the end of 2016, global sector trends remained mixed, including in the regions that until now have been relatively spared by the increase in risks. Over the whole year, across 12 sectors evaluated in six regions of the world, nearly half saw their assessments change. There were 23 downgrades for 10 upgrades.

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11/11/2016
Country risk and economic studies

The First Arrow of Abenomics: Why Is it Not Working?

Why did the yen depreciation, which occurred during the early success of the first arrow, not boost Japan’s merchandise export volumes?

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11/07/2016
Country risk and economic studies

Mexico’s Economy: More Difficult Times Ahead

In the 2nd Quarter of 2016, seasonally adjusted activity decelerated to 1.5 %, down from 2.5% y/y reported in the previous period. Industry, which shrank by 1.5% q/q, was the main contributor to this weak result, due to the fall in oil production and challenges faced by manufacturing and construction industries. The services sector also slowed during the period, to a growth rate of 2.4% YoY, down from 3.4% for 1Q2016.

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11/03/2016
Corporate news

Coface Results at 30 September 2016: Operating Trends in Line With Fit to Win

Xavier Durand, CEO of Coface, commented: These results are in line with the trends that we highlighted last September at our Investor Day.

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10/17/2016
Country risk and economic studies

Further downgrades triggered by the Brexit shock and falling oil revenues

Global growth: stability in developed countries, slight improvements among emerging economies

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10/17/2016
Country risk and economic studies

Rising Political Risks in Developed Countries: The Sword of Damocles Hangs Over Europe’s Major Economies

Periods of economic crisis naturally lead to heightened political uncertainty and this aspect is crucial in assessing country risks

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10/17/2016
Country risk and economic studies

Infografics - Is political risk a new threat for the global economy?

European political calendar: crucial deadlines

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10/04/2016
Corporate news

Fitch affirms Coface AA- rating

Fitch Ratings issued, on September 29th 2016, a press release on Coface in which the agency affirms the Group’s Insurer Financial Strength (IFS) rating at 'AA-', Outlook Stable.

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09/27/2016
Country risk and economic studies

Latin America: Why are manufacturing exports still lackluster?

Foreign trade is unlikely to be a main contributor to the growth of Latin American economies over the next few years

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09/21/2016
Corporate news

Fit to Win Plan to Transform Coface Into the Most Agile Global Trade Credit Partner in the Industry, While Evolving to a More Efficient Capital Model

Fit to Win 3-year plan financial ambitions

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09/20/2016
Country risk and economic studies

Moroccan company payments survey 2016

Morocco’s growth rate has slowed in 2016, after recording an increase of close to 4.5% in 2015.

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09/20/2016
Corporate news

Coface Appoints Fredrik Murer to Lead its North America Region

Coface continues to strengthen its senior management team, with the appointment of Fredrik Murer as CEO of the North America region.

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09/16/2016
Country risk and economic studies

The French Economy: A Temporary Pause in Growth

Q2 impacted by external shocks
2016 growth forecasts remain positive at 1.6%
Non-financial corporate debt: an upward momentum unique in Europe but far below alert thresholds

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09/16/2016
Country risk and economic studies

Short-Term Risk Is Reduced For The French Automotive Sector, But Profound Changes Are Ahead

The automotive sector has been upgraded to the best risk category
Private buyers are returning to the car market, driving up sales of new vehicles, which are expected to increase by 5.6% in 2016

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09/12/2016
Country risk and economic studies

Agrofood in North Africa: A Strategic Sector at Nature’s Mercy

Several favorable factors are boosting the sector, including rising populations, increasing demand for processed food, higher per capita incomes and improved production capacities. Infrastructures, climate and government strategies are major influencers.

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09/06/2016
Country risk and economic studies

Coface Publishes CEE TOP 500 Companies

2015 was a good year for Central and Eastern Europe. Average GDP growth was 3.3%, following 2.6% in 2014. Private consumption rose, due to declining unemployment and increasing wages. EU funds supported investments. In short, the CEE enjoyed a booming economy. But how did the largest businesses perform?

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08/31/2016
Country risk and economic studies

Outlook for the US pharmaceuticals

The USA have the highest healthcare expenditure of all industrialized nations

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08/31/2016
Country risk and economic studies

US Pharmaceutical Companies Have Enjoyed Their Day In The Sun, But Is It Time To Get Out The Umbrella?

Despite having the highest healthcare expenditure of all industrialized nations, US public health is far below that of other advanced economies

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08/26/2016
Country risk and economic studies

New Germany Corporate Payment Survey 2016

Despite the solidity of Germany’s economy, payment delays are still commonplace.

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08/09/2016
Country risk and economic studies

China’s two-speed economy: Sector winners and losers

China’s economy grew by 6.9% in 2015, the slowest expansion pace in 25 years. Growth should continue to slow in 2016 and 2017, and will probably undershoot the government’s average annual growth target of 6.5% - as set out in the 13th five-year plan for 2016-2020.

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07/27/2016
Corporate news

H1-2016 Results In Line With July 4th Announcement

Strategic plan Fit to Win designed to transform Coface into the most agile global trade credit partner in the industry

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07/19/2016
Country risk and economic studies

Sector Assessments Revised In 6 Global Regions

Sector risks are still increasing in emerging markets.

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06/29/2016
Country risk and economic studies

Despite Persistent Crises, Sub-Saharan Africa Presents Opportunities In 2025 Time-Frame

Heavily impacted by the Chinese slowdown and the fall in commodity prices, sub-Saharan Africa posted its lowest level of growth since 2008. 15 countries, including several that have been severely impacted by cri-ses, show significant potential in terms of consumer spending. Two sectors offer medium-term opportunities: retail and ICT

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06/29/2016
Country risk and economic studies

World Corporate Risk Reaches Peak Levels

Forecast world growth for 2016 down by 0.2 points to 2.5%. The average level of global risk corresponds to B, « significant risk ». Increasing numbers of emerging markets included in the "extreme" and "very high" risk categories. Three leading world economies become fragile. China penalises activity in several Asian countries. Europe facing positive dynamics, but political risk driven by the Brexit must be monitored.

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06/17/2016
Country risk and economic studies

Insolvencies in Northern Europe: Positive trends in the Netherlands, Sweden and Germany

Europe’s improved macroeconomic situation has had favorable effects on businesses in most European countries and led to fewer insolvencies in 2015 in the four Northern (...)

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05/31/2016
Country risk and economic studies

No improvement in Asia Pacific corporate payments in 2015

Coface’s annual survey on Asia-Pacific economies questioned 2,793 companies in 8 markets (...)

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05/25/2016
Country risk and economic studies

Is the French economy definitely taking off?

A number of positive indicators for the French economy appeared between January and April 2016.

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05/17/2016
Country risk and economic studies

What to Expect from Brazil's Perfect Storm?

Brazil is in the midst of a perfect storm. The enduring political crisis and deep economic recession, which led to the collapse of confidence indexes, have now been topped by an impeachment trial of President Dilma Rousseff. No significant economic rebound is expected before 2017. Brazil’s economy contracted by 3.8% in 2015 and a further drop in GDP of 3% is expected in 2016.

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05/12/2016
Corporate news

Coface Names Nicolas Barrandon Canada Country Manager

Global trade credit insurer Coface has named Nicolas Barrandon as Country Manager for its branch office in Canada. Until this appointment, Mr. Barrandon was responsible for the commercial underwriting operations for Coface in the United States and Canada. His duties now will expand to management of all of Coface’s operations in Canada.

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05/10/2016
Country risk and economic studies

Hungary: Private consumption rising but challenges remain for corporates

Hungary is performing well, considering the context of struggling economies globally.

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04/13/2016
Country risk and economic studies

Steel overcapacity around the world: risk reaches a high in 2016

Following a long period of increasing demand, driven by China in the 2000s, steel is suffering from weak growth in the global economy.

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04/13/2016
Country risk and economic studies

Infographics - Steel: faced with global overcapacity

Metals industries, the world's riskiest sector. Over-capacities remain. Outlook: return to normal for 2018.

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04/13/2016
Country risk and economic studies

Sector risks remain under pressure in the emerging markets

Global growth at half-mast (2.7% projected by Coface for 2016), under the impact of the highly volatility financial markets and continuing low oil prices, is compromising the health of industries analysed by Coface. (...)

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03/24/2016
Country risk and economic studies

Czech Republic, Poland, Chile, and Thailand closest to a quick upturn in exports

Although the current crisis in emerging countries is surprising in its intensity, with their growth cut in half in five years and increased exposure (...)

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03/24/2016
Country risk and economic studies

Quarterly update of Coface country risk assessments

The global economy is becoming more Japanese: world growth remains low, despite ultra-expansionist monetary policies (...)

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03/16/2016
Country risk and economic studies

Iran's economy may be difficult to navigate

After five years of sanctions, Iran is finally ready to rejoin the global community. The return of Iran should have an effect on international growth via the oil channel but, above all, will bring huge changes to Iran itself.

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03/16/2016
Country risk and economic studies

Infographic: The Return of Iran to the Global Market

Iran: Strengths, weaknesses, opportunities and threats

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03/16/2016
Country risk and economic studies

Few companies in China spared from overdue payments: 80% of corporates affected in 2015

Slower growth, rising non-performing loans, RMB and stock market volatility are all concerns for China in 2016 (...)

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03/04/2016
Country risk and economic studies

German Exporters Face Rising Risks

The greater export risks faced by German companies are hampering growth performance. As Germany has strong trading ties with the Emerging Market and Developing Economies group (EMs), it is highly exposed to the (...)

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02/19/2016
Corporate news

Coface Names Trade Risk Partners, Inc. General Agent in Midwest

Coface North America has named Trade Risk Partners, Inc. as its authorized General Agent for its Midwestern Region.

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02/09/2016
Corporate news

Coface Posts 2015 Annual Results

Net Income of €126M and Proposed Dividend Stable at €0.48 per Share

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01/26/2016
Country risk and economic studies

Three Risks to Monitor in 2016: Weak Growth, Political Tensions and Company Debt in Emerging Economies

A cautious approach to country risk will be necessary in 2016, since the risks that emerged in 2015 are expected to continue this year. Coface forecasts global growth to remain soft at 2.7%, compared to 2.5% in 2015. At the forefront are the political tensions gaining ground in both advanced and emerging countries.

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01/26/2016
Country risk and economic studies

Infographics: Country Risk Assessment Map - January 2016

160 Countries under the magnifying glass.

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01/12/2016
Corporate news

Notice to Our Insureds in the State of Illinois

As a result of catastrophic flooding, the Illinois Insurance Department published Company Bulletin 2015-13 (Revised 1/6/16) entitled “Suspension of Cancellation, Non-renewal and Premium Payments” which applies to affected persons in the counties of Alexander, Cass, Calhoun, Christian, Clinton, Cumberland, Douglas, Iroquois, Jackson, Jersey, Lawrence, Madison, Marion, Menard, Monroe, Morgan, Moultrie, Pike, Randolph, Richland, Sangamon, St. Clair, and Vermillion.

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12/15/2015
Country risk and economic studies

EUROPE’S QUALITATIVE WINE PRODUCTION MODEL RESISTS COMPETITION

EUROPE’S QUALITATIVE WINE PRODUCTION MODEL IS RESISTING COMPETITION, WHILE SPAIN IS MORE VULNERABLE

• Wine consumption is declining in Europe but rising in the rest of the world
• By 2027, demand will be led by China and the United States
• 60% of wine production and nearly two-thirds of exports emanate from Europe
• Three production models coexist in Europe
• Risks and opportunities for Europe – wine consumption growing in China but increased competition from the new world producers

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11/03/2015
Corporate news

Results at 30 September: Coface stabilizes results and posts profit of EUR 98 million

Coface once again posts an increase in turnover this quarter. In spite of a difficult economic climate in certain emerging markets, we have managed our loss ratio well by applying our expertise in risk management. In doing so, we are pursuing our path of profitable growth while protecting and supporting that of our clients.

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11/03/2015
Corporate news

Coface Panorama Brazil: No Quick Fix for the Crisis

Global credit insurer Coface has published a new outlook for Brazil. The country, downgraded to B by Coface in September, has been facing a scenario of economic juggling. The Central Bank’s increase in interest rates, to control inflation, has compromised GDP.

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10/15/2015
Country risk and economic studies

Coface Sector Panorama: The Future of Solar Energy in Europe

Although photovoltaics only accounts for 5.3% of total electricity consumption in Europe, the sector has benefited from worldwide momentum in favor of "greener" energy consumption. Between 2004 and 2012 European electricity from photovoltaics increased sharply, from 0.7 to 62.4 billion kilowatt-hour (KWh.)

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10/15/2015
Country risk and economic studies

Energy More Risky than Ever; Information and Communication Technologies Improves; Automotive Adjusts

Global credit insurer Coface, in its quarterly review, has revised its risk assessment for three sectors: Automotive in emerging Asia, Information and Communications Technologies (ICT), and Energy in all regions. Despite the difficulties of the oil industry, North America remains the least risky region overall.

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10/15/2015
Country risk and economic studies

Infographics : focus on the future of solar energy in Europe: photovoltaics

Discover our new infografic focus on the future of the solar energy in Europe

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10/15/2015
Country risk and economic studies

Infographics: The temperature of 14 sectors in the world

Discover our sector risk infografics on the temperature of 14 sectors activity in the world

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09/22/2015
Country risk and economic studies

Country risk assessment map - 3rd quarter 2015

This map gives you a global overview of country risk assessments. Coface's methodology in assessing country risk uses macroeconomic expertise, comprehension of the business environment and microeconomic data collected over 70 years of payment experience.

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09/21/2015
Country risk and economic studies

Coface Country Risk Update: Large and Small Emerging Economies Experiencing Strong Turbulence

Brazil, Chile, Ecuador, Trinidad and Tobago Downgraded
Negative Watchlist Changes for Armenia, Malaysia and Tunisia
Only Positive Watchlist Change is for Hungary

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09/21/2015
Country risk and economic studies

Coface Report: Is China Casting a Shadow Over Asia?

We are witnessing a shift in the Chinese economic model. According to Coface estimates, growth is unlikely to exceed 6.7% in 2015 and 6.2% in 2016, compared with 13.4% over the period from 2006-2007.

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09/16/2015
Country risk and economic studies

How Gulf Cooperation Council (GCC) Countries Are Dealing With Falling Oil Prices

Report Highlights:
• Sharp decline in oil prices reveals the importance of economic diversification
• Countries with fewer financial buffers, such as Bahrain and Oman, are experiencing problems related to low growth performance
• Saudi Arabia and UAE are less impacted by declining oil prices as strategies are underway to promote non-oil trade
• Private consumption and government efforts to support sustainable economic growth mean outlook is still positive for GCC countries
• GCC countries projected to grow by 3.4% in 2015 and 3.7% in 2016

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09/09/2015
Country risk and economic studies

Latin America: Coface Outlook Post-Commodity Bust

Global credit insurer Coface’s latest economic Panorama focuses on Latin America. Growth in the region has been slowing since 2011. This lackluster situation, caused by weak domestic fundamentals, has been exacerbated by cyclical factors since the second half of 2014. In 2015 Coface notes a further deterioration of the downward trend, with regional GDP expected to contract by 0.2%. It will be the first recession since 2009, when activity shrunk by 1.4% due to the subprime crisis.

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09/08/2015
Country risk and economic studies

Company insolvencies in Western Europe: a drop of 7% expected in 2015 but the situation is contrasted

Company insolvencies in Western Europe have experienced two successive storms. The subprime crisis, which made insolvencies jump by an average of +11% in the twelve countries studied, was unsurprisingly followed by further shock waves, with increases of 8% in 2012 and 5% in 2013. Today the skies have begun to clear. The average drop of 9% observed in 2014 will continue with -7% in 2015. While insolvencies continue to increase in Italy and Norway, we are seeing the positive impact of the timid recovery in the eurozone in ten other countries (Germany, Belgium, Denmark, Finland, France, the Netherlands, Portugal, United Kingdom, Spain and Sweden).

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08/11/2015
Corporate news

Coface Names Salvatore Garry Regional Director for Coface Global Solutions in North America

Coface North America Insurance Company, part of the global Coface Group, has named Salvatore Garry as Regional Director for Coface Global Solutions in North America. In this role, Mr. Garry will be responsible for the continuation of growth through client retention and new business of the multinational segment together with the dedicated Coface Global Solutions Team.

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07/29/2015
Corporate news

H1-2015 results: Coface posts a profit of EUR 66 million in spite of an increase in claims in emerging countries

Since the end of last year, at the occasion of our periodic results publications, we have noted weaknesses affecting the macro-economic environment. The first half of this year confirms this trend, and it was marked by an increase in the frequency of claims, in particular in emerging markets. Given this context, we are publishing good quality half-year results. The Group thus confirms the robustness of its business model: product innovation and multi-channel distribution, while controlling risks and costs.

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07/22/2015
Country risk and economic studies

The CEE automotive sector is highly dependent on foreign investments - but there are positive dynamics in domestic demand

The CEE region has become an attractive destination for investments by global car manufacturers. In 2014, 3.6 million vehicles were produced in Eastern Europe, equating to 21% of total EU production. In the CEE countries covered by Coface´s analysis there are 33 car factories, most of which were created by foreign direct investment (FDI) inflows. The analysis shows that despite high dynamics of car sales generated by local clients recently, CEE factories remain highly dependent on foreign demand.

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07/20/2015
Country risk and economic studies

Country risk map - 2nd quarter 2015

This map gives you a global overview of country risk assessments. Coface's methodology in assessing country risk uses macroeconomic expertise, comprehension of the business environment and microeconomic data collected over 70 years of payment experience.

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06/22/2015
Country risk and economic studies

Coface Country Risk Update

Global credit insurer Coface, in its quarterly country risk Panorama, has lowered the growth forecast of emerging countries to 4% for 2015, compared to 4.2% in March 2015. The outlook for developed economies has improved to a 2% growth forecast for 2015 and 2016, up from 1.5%.

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06/22/2015
Country risk and economic studies

Coface Panorama on Sub-Saharan Africa:Three East African Economies Are Sheltered from the Economic Storm

Global credit insurer Coface recently reviewed the economic situation in 45 African countries, finding 13 growing economies despite the fall in world commodity prices, and three economies that have the ingredients needed for dynamic growth in both the short and long-term.

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06/17/2015
Country risk and economic studies

Is India’s Economic Revival Thanks to the Modi Government?

In May 2015, the IMF highlighted India as “one of the bright spots in the global economy,” mainly due to more effective policies and the end of political uncertainty. A Coface report on India forecasts the country’s GDP growth to reach 7.5%. But to what extent have Modi’s reforms contributed to the recent pickup in growth? Are the improvements in the economy without risks?

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06/16/2015
Product news

Introducing CofaNet Essentials

Cofanet is now CofaNet Essentials

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06/04/2015
Country risk and economic studies

Turkey Panorama: After a decade of well-implemented reforms and high growth rates, the Turkish economy struggles to maintain the same performance

A Coface Panorama on Turkey forecasts a growth rate of 3.5% this year, still solid but below the potential growth rate estimated at 5% and lower than similar economies

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06/03/2015
Country risk and economic studies

Coface Insolvency Monitor for Central and Eastern Europe: Improved Economics but Corporate Challenges Remain

CEE’s improved economic activity in 2014 resulted in a minor drop of -0.5% in company insolvencies.
Insolvencies rose in Slovenia and Hungary and decreased significantly in Serbia and Romania.
Coface forecasts that insolvencies will fall by - 6% in 2015.

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04/29/2015
Country risk and economic studies

70% of companies in the Asia-Pacific Region experienced overdue payments in 2014

Coface’s annual survey on Asia-Pacific region questioned 2,695 companies in eight economies. Seventy percent of the companies surveyed experienced overdues in 2014, the highest level in three years. In addition, 37% of the respondents reported that overdue amounts increased in 2014, up by 2% compared with the previous year. Companies in China, India, Hong Kong and Thailand are particularly affected.

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04/15/2015
Country risk and economic studies

Coface Sector Review: Impact of Falling Oil Prices

The recent drop in the price of oil has had repercussions for company credit risk around the world. Among the 14 sectors reviewed in its most recent Panorama, global credit insurer Coface has identified one big winner and one big loser.

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04/15/2015
Country risk and economic studies

Has the US Automotive Sector Shifted Safely Into Top Gear?

The bail-out for the US automotive industry, at a cost of $80 billion and large-scale layoffs, traumatized the United States. Automobile manufacturers have regained their competitiveness and are benefiting from the upturn in US economic growth, which is forecast at 2.9% in 2015. The industry has recovered and demand is being driven partly by easier access to credit, but at what price?

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03/27/2015
Country risk and economic studies

Coface Study: Five Advanced Economies Will Avoid the Risk of Stagnation Within the Next Decade

More than three years after the official recovery, advanced economies are struggling to return to a path of sustained growth, according to a study by global credit insurer Coface. Some are even facing stagnant growth. But not all advanced economies are in the same position when it comes to this risk of long-term stagnation and some exceptions stand out in what is a fragile global landscape. Which of the OECD’s advanced economies have what it takes to accelerate their growth over the next decade?

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03/26/2015
Country risk and economic studies

Coface Country Risk Update: Belgium and Netherlands Upgraded, Brazil on Negative Watch, Business Environment in Russia Downgraded

Improvements in country risk are increasingly apparent in advanced countries, where growth is expected to rise 2.1% in 2015 according to a new country risk Panorama by global credit insurer Coface. The Eurozone records two positive changes with upgrades for the Netherlands and Belgium. The outlook varies widely for emerging countries, however, as Coface revises its growth forecast downward to 4.2%. Brazil and Ecuador have been placed under negative watch while the business environment assessment for Russia has been downgraded.

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03/19/2015
Corporate news

Holding a leading position in business information, Coface starts credit-insurance in Israel

Local companies to benefit from Coface’s expertise in prevention and credit risk protection in addition to collection and information services.

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03/09/2015
Country risk and economic studies

Coface China Payment Survey: Overdues Affected 80% of Corporates in 2014

A new Coface survey on corporate credit risk management in China reveals that eight out of 10 corporates experienced overdue payments in 2014. Coface, a leading global credit insurance group, forecasts that GDP growth will slow down to 7% in 2015 (vs 7.4% in 2014.) As corporates are still facing the challenges of high debt levels, the high cost of financing and low profitability driven by overcapacity, Coface expects that non-payments will not improve in the short term.

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03/05/2015
Country risk and economic studies

Coface Latin America Outlook: Growth in Colombia, Chile and Argentina; Stagnation in Brazil

According to the latest economic Panorama publication from global credit insurer Coface, GDP Growth should improve in Latin America in 2015 by 2.3%. Despite the better outlook, this rate is still considered weak, mainly due to the stagflation scenario in Brazil. Brazil represents a large part of Latin America´s activity and its economy is not likely to pick up - at least in the short term.

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03/03/2015
Corporate news

Coface Names Juan Saborido North America Regional Manager

Coface today announced the appointment of Juan Saborido as Regional Manager North America, effective April 1, 2015. Juan, currently Deputy Regional Manager, takes over from Michael Ferrante, who will retire at the end of March.

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02/26/2015
Corporate news

Coface In The News : Propelling Exports Through Trade Credit Insurance - Global Trade Magazine

Trade credit insurance allows exporters to offer competitive terms of sale without insisting on up-front cash or receiving cumbersome and time-consuming letters of credit. Credit insurance protects accounts receivable against customers who can’t pay due to insolvency, political risk, exchange-rate fluctuations and a host of other factors. Policies are available from private-sector credit insurers such as Atradius and Coface as well as from Ex-Im.

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02/18/2015
Corporate news

Coface Posts 2014 Results in Line With Objectives; Proposes Distribution of €0.48 per Share

We are pleased to publish full-year results in line with our expectations. Our innovative product offering, appropriate distribution channels, extensive international presence and prudent risk management have all contributed to the significant improvement in our results.

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01/28/2015
Country risk and economic studies

Coface Country Risk Outlook 2015: Laborious Global Recovery, Subject to Multiple Risks

According to global credit insurer Coface, the global economy is on the path of gradual recovery. Global growth, while less vigorous than before the 2008 crisis, continues to follow a moderately accelerating trend. Slight improvements are expected both in advanced countries and in emerging countries.

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01/21/2015
Country risk and economic studies

Coface Panorama: Middle East and North Africa Region

Global credit insurer Coface reports in its latest economic Panorama that economic activity is gaining strength in the Middle East and North Africa region. Growth is expected to stand at 2.6% in 2014 and accelerate to 3.2% in 2015 on the back of global economic recovery and preliminary signs of political consensus in some countries of the region. However, growth rates will remain below the 2000-2010 average of 5.4%.

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01/20/2015
Country risk and economic studies

Turkey Panorama: Depreciation in exchange rates and sluggish domestic demand affect corporate payment performance

Global credit insurer Coface focuses on in its latest economic Panorama. The currency depre-ciation, which stabilized after Central Bank intervention in January 2014, continues to nega-tively affect company balance sheets. Credit restriction measures introduced at the same time to contain the current accounts deficit have slowed down domestic demand. In line with these developments, Coface has noted impairments in the payment capacities of sectors with pro-duction and sales concentrated predominantly on the domestic market.

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01/14/2015
Country risk and economic studies

Panorama Latin America - Growth picking up for Pacific countries

Three decades ago, Latin America was associated with negative terms such as ‘dictatorship’, ‘debt crises’ and ‘high inflation’. Over the years, the region has begun to be associated with economic growth, the new middle class, poverty reduction and controlled inflation.

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01/08/2015
Corporate news

Coface: A2 rating affirmed by Moody’s

Moody’s published on Wednesday December 24th 2014, an update of its credit opinion in which it affirmed Coface’s Insurer Financial Strength (IFS) rating at 'A2', Outlook Stable.

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12/15/2014
Country risk and economic studies

“Low-flation” in France: Price and Growth Stagnation

In a context of slow inflation (“low-flation”) and flat growth, France is in danger of not being able to escape the vicious circle of falling prices. It is possible that France, without going to the extremes of US Great Depression, could experience a lengthy period of price and growth stagnation, such as happened in Japan between 1990 and 2010. If so, what would it mean for the French economy and its companies?

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12/15/2014
Corporate news

Coface Obtains Credit Insurance License in Morocco to Strengthen Leading Position in Africa

Global credit insurer Coface has obtained a license for insurance and reinsurance activities in Morocco, extending its product offering in the country.

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11/24/2014
Country risk and economic studies

Coface Sector Panorama: North American Chemicals, Transportation and Textiles/Chemicals Industries Now “Low Risk”

In its most recent Panorama economic publication, global credit insurer Coface reviews 14 key sectors in North America, Emerging Asia and Europe. The Panorama also takes a detailed look at the pharmaceuticals industry in Europe.

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10/24/2014
Country risk and economic studies

Updated country risk assessments

Global trade: a return to pre-crisis levels is unlikely, but the potential for growth exists

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10/24/2014
Country risk and economic studies

Global trade: a return to pre-crisis levels is unlikely, but the potential for growth exists

Following thirty years of unprecedented expansion, global trade is experiencing a period of radical change. Is the slowdown a cyclical phenomenon or long-lasting and structural?

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10/02/2014
Country risk and economic studies

UAE Economy Grows Stronger Thanks to Effective Diversification Policy

In its latest country assessment, global credit insurer Coface has ranked the United Arab Emirates (UAE) A3 , and expects the country’s economy to grow by around 5% in 2014.

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10/01/2014
Country risk and economic studies

Carrot-and-Stick: Challenges Ahead for the Chinese Economy

In its latest economic Panorama, global credit insurer Coface expects that the GDP growth of China to reach 7.4% in 2014, given more policy support in sight.

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09/24/2014
Country risk and economic studies

European Airlines Among the Least Profitable in the World. How Can the Industry Adapt?

In its most recent Panorama economic publication, global credit insurer Coface takes a detailed look at the European airlines industry.

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09/22/2014
Country risk and economic studies

Coface Sector Review: Tentative Signs of Improvement in Europe

In its most recent Panorama economic publication, global credit insurer Coface reviews 14 key sectors in North America, Emerging Asia and Europe. The Panorama also takes a detailed look at the European airlines industry.

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09/11/2014
Product news

Coface Launches Mobile Policy Management App

Coface now offers customers a mobile application providing access anywhere and at any time to the essential features of Cofanet, its online platform for managing credit insurance contracts.

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09/08/2014
Product news

Stay connected to Coface with Cofamove

With CofaMove, analyzing risk has never been so easy. Stay connected to Coface and make timely, informed credit decisions no matter where business may take you.

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09/05/2014
Country risk and economic studies

Company Insolvencies in Brazil: What to Expect?

Restructuring and bankruptcy remain increasingly used procedures

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09/04/2014
Country risk and economic studies

Panorama Romania

Coface Outlook for Romania: Good Growth Expected but Not as Robust as 2013

Read More
07/29/2014
Corporate news

Coface Half Year 2014 Results

Coface Half Year 2014 Results:
Growth and Profitability in Line with Guidance

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07/25/2014
Corporate news

Serbia becomes 98th Market for Coface’s Credit Insurance Offer

Coface, a world-leading credit insurer, is enriching its offer in Serbia through a local partnership with Axa. In addition to debt collection and business information services, Serbian companies can now benefit from Coface’s longstanding expertise in credit insurance and its international footprint.

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07/16/2014
Country risk and economic studies

Panorama Brazil

Downgraded to A4 , Brazilian economy gears towards a year of adjustments in 2015

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06/24/2014
Country risk and economic studies

The Turkish economy - what to expect in 2014

- External deficit expected to narrow in 2014, in line with slower growth
- Inflation above the Central Bank’s year-end target, due to the lira’s depreciation and high food prices
- Political risks to be monitored in the period ahead
- Global deterioration of risks, except externally-oriented industrial sectors

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06/17/2014
Country risk and economic studies

Coface Country Risk Update: Improvement in Western Europe and the "New" Emerging Economies

Improvement in Western Europe and the "New" Emerging Economies

In its latest country risk Panorama, global credit insurer Coface forecasts the acceleration in global growth to 3% in 2014 and 3.3% in 2015, up from 2.6% in 2013. As a result, Coface has upgraded the country risk assessments of Germany, Austria, United Kingdom, Spain, Kenya, Sri Lanka, Nigeria and Rwanda. In the only negative action, the positive watch on Latvia’s rating was removed.

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06/05/2014
Country risk and economic studies

Coface Asia Pacific Payment Study

Corporate Overdues Have Stabilized But New Worries Over Slowing Growth in China

Read More
05/29/2014
Corporate news

Interviews from the Coface Country Risk Meeting

AM Best Video: Interviews from Country Risk Meeting

AM Best was on hand to interview participants at the New York Country Risk Meeting. Click on the picture above or the link below to view the 5 minute video segment.

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04/29/2014
Corporate news

Coface Sector Review: Credit Risk Stabilizes in Europe and North America but Concerns Linger in Asia

Coface Sector Review: Credit Risk Stabilizes in Europe and North America but Concerns Linger in Asia

Read More
03/25/2014
Corporate news

Coface Country Risk Update: Improvements in USA and UK While Major Emerging Economies Struggle

A new country risk outlook by global credit insurer Coface notes an upturn in growth for the advanced economies (1.9% forecast for 2014 versus 1.2% in 2013.) As a result, Coface has positively adjusted country risk assessment for the United States to A1 and the United Kingdom to A3 positive watch. The level of risk has increased in the major emerging economies, however. The assessments for Brazil, Ghana, Russia, Thailand, Turkey and Venezuela have been either downgraded or placed on negative watch.

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03/06/2014
Corporate news

Coface Payment Study: China sees highest level of corporate overdue payments since 2010

Coface’s survey of corporate credit risk management in China, carried out in the fourth quarter of 2013, revealed that 8 out of 10 companies in China experienced overdue payments in 2013. The chemical, industrial machinery and household electric and electronic appliances sectors are at higher risk. Since credit facilities will remain tight in 2014, a deterioration in corporate payments could lead to a significant ripple effect in China’s shadow banking market.

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02/13/2014
Corporate news

Brokers Missing Out on Big Opportunities in Trade Credit Insurance Market

Agents and brokers who are not selling trade credit insurance – also known as receivables insurance – are missing huge opportunities but also opening themselves up to errors and omission (E&O) exposures, according to trade credit insurance experts.

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02/10/2014
Corporate news

Coface, the leading credit insurer in Latin America, receives license to issue policies in Colombia

Direct product offering in nine of the region’s countries

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02/07/2014
Corporate news

Coface Announces 2014 Country Risk Conference in New York

Coface North America will host the 2014 Country Risk Conference on Thursday May 8th in New York City.

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02/05/2014
Corporate news

Both Opportunities and Risks Abound in China: Treasury & Risk

New report outlines the nation's macroeconomic trends and calls out rising interest rates and credit risk as top concerns for 2014.

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01/30/2014
Corporate news

China to Regulate Shadow Banking System: Tung

Rocky Tung, Coface Asia Pacific Economist, appeared on Bloomberg TV’s “First Up” program to discuss the banking system in China.

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01/29/2014
Country risk and economic studies

Coface 2014 Outlook for China

Stable growth but risk of rising cost of funds and sector overcapacities.

Real GDP growth in China in 2014 will remain stable but slow slightly to 7.2%, according to global credit insurer Coface’s latest economic Panorama. The government’s lower GDP growth target for the year reflects an intention to accelerate reform efforts. Exports and investment are expected to improve in light of the global recovery.

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01/21/2014
Country risk and economic studies

Country Risk Update: Favorable risk trends in advanced economies in 2014 but persistent tensions in large emerging countries

Coface Country Risk Update: Favorable risk trend in advanced economies in 2014 but persistent tensions in large emerging countries



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01/15/2014
Corporate news

In the News: Risk Management: Regional and Sector Risk Trending Down: Report - International Treasurer

In the News: Risk Management: Regional and Sector Risk Trending Down: Report - International Treasurer

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01/08/2014
Corporate news

Coface Sector Review: Credit Risk Eases for Automotive and Retail in North America, and the Services Industry in Asia

In its most recent Panorama economic publication, global credit insurer Coface reviews 14 key sectors in North America, Emerging Asia and the European Union. Coface’s sector analysis is based on a unique indicator, developed by Coface economists and reflecting the payment experience of companies reviewed by its underwriters. The Panorama also takes a detailed look at the textiles industry in Europe.

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11/12/2013
Country risk and economic studies

Coface : The euro zone out of recession and growth to accelerate in the US in 2014

After having slowed for three years in a row, global GDP growth is likely to pick up in 2014: we expect it to stand at 3.1% (versus 2.5% in 2013). The upward trend will be mainly driven by the recovery in the euro zone and higher growth in the United States.

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11/05/2013
Country risk and economic studies

Coface CEE Top 500: Top companies with increasing turnover but sharply declining profits

Poland again ranked first, Hungary and Romania catching up while Ukraine dropping out of the Top 3

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10/16/2013
Corporate news

Appointments at Coface

Cyrille Charbonnel, the former Group Chief Operating Officer, has been appointed Western Europe Region Manager

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10/14/2013
Country risk and economic studies

Emerging Asia : Coface warns of growing risks linked to household debt

The growth potential in Asia remains high, driven by the middle class. Malaysia, South Korea, Singapore and Thailand: household debt similar to that of the United States at the time of the subprime crisis.

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10/14/2013
Country risk and economic studies

Coface is optimistic about business risks in the United States and concerned about those of emerging countries such as Brazil and Thailand

Revised Country Risk assessments. Overall, advanced economies are doing better. The concerns come from the emerging countries, which are facing a structural decline in growth.

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09/26/2013
Country risk and economic studies

Coface Quarterly "Panorama Sectors"

Coface downgrades its credit risk assessment in three business sectors: chemicals, pharmaceuticals and automotive.

Read More
09/19/2013
Corporate news

Coface is expanding with a global network of economists

The Group's economic research team is taking on a new international dimension by appointing economists in major regions around the world.

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09/18/2013
Product news

How Coface credit insurance can help you to prevent non-payment of invoices

A straightforward and didactic video to present, in less than three minutes, how Coface credit insurance can help you to prevent non-payment of invoices.

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07/16/2013
Country risk and economic studies

Brazil's economic woes: any chance of a kick start?

The archetypal emerging country, Brazil passed the test of the great crisis of 2009 with flying colours. Four years on, social protests have begun to highlight the failure of its growth model. While inequality is on the decline, it remains significant. Because of a tight labour market and major gaps in infrastructure, the infamous "Brazil cost" has placed a heavy burden on business performance.

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07/02/2013
Corporate news

Coface wins the Le Fonti International Award, another major acknowledgment for Coface Italy

On 27 June, Coface was awarded the 2013 Le Fonti International Award in the special categories ‘Excellence in Credit Insurance’ and ‘Excellence in Services to Companies’.

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07/01/2013
Corporate news

Coface is expanding further in Central Europe to offer credit insurance in Croatia

As of 1 July 2013, the first day of Croatia’s membership of the European Union, Coface simultaneously launches its credit insurance services in this country, to meet growing demand from companies.

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06/28/2013
Country risk and economic studies

World growth forecasts updated - June 21013

Last updated of growth forecasts.

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06/24/2013
Country risk and economic studies

A glimmer of hope for some advanced economies: Japan, Iceland, and Ireland

Coface has noted an improvement in a number of advanced economies : Japan, Iceland, and Ireland. On the other hand, the contraction in activity, financial problems and above all growing political and social pressures are increasing risk in South Africa and Tunisia

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06/04/2013
Country risk and economic studies

Victims of sluggish growth, businesses in Central Europe will not emerge from the crisis in 2013

Compared to Western Europe, defaults in Eastern Europe are accelerating at a very high rate.

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05/30/2013
Corporate news

Coface launches its new corporate website, a tool to help companies prevent commercial risks and protect their transactions

Following the rollout of its new visual identity, Coface has redesigned its Group website.

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04/29/2013
Country risk and economic studies

World growth forecasts updated - April 2013

World growth forecasts updated - April 2013

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04/18/2013
Country risk and economic studies

The gap between Europe and the rest of the world is widening

Credit risks still high in Europe but the outlook is favourable in Emerging Asia and in North America.

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03/28/2013
Corporate news

Antonio Marchitelli joins Coface as new Mediterranean and African Region Manager

Antonio Marchitelli has been appointed Mediterranean and African Region Manager of Coface, effective from March 1st 2013.

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03/20/2013
Country risk and economic studies

Risks are back on the radar in emerging countries

"Political instability, increasing protectionism, credit bubbles" : emerging country risks have not disappeared altogether, but have changed form.

Read More
02/28/2013
Corporate news

In 2012 Coface improved its results despite the crisis

In an economic downturn, particularly in the euro area, Coface continues to grow its turnover.

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01/22/2013
Corporate news, Country risk and economic studies

The crisis in Europe

Based on its day-to-day contact with companies worldwide, Coface has issued a cautious scenario for the global economy in 2013.

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01/21/2013
Corporate news

A new identity and a new tagline for Coface

A new brand positioning, symbol of a strong commitment to clients.

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01/17/2013
Country risk and economic studies

First Coface "Panorama Sectors": Two-thirds of business sectors to carry risks

A new quarterly publication of Coface, focuses on the sector risks in the world. The world economy is analysed by means of 14 business sectors in three large regions: emerging Asia, North America and the European Union. The analysis uses three original indicators – strength of turnover, financial robustness and credit risk – developed by Coface economists and drawn from the payment experience of companies observed and analysed by Coface underwriters.

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12/12/2012
Country risk and economic studies

Two-thirds of business sectors to carry risks

A new quarterly publication of Coface, focuses on the sector risks in the world.

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12/04/2012
Product news

Worldwide launch of TopLiner

A supplemental cover beyond standard credit insurance.

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11/13/2012
Country risk and economic studies

World growth forecasts updated - November 2012

Last updated of growth forecasts.

Read More
11/06/2012
Product news

Coface Global Solutions: A new service for multinational companies in 66 countries

A new service for multinational companies in 66 countries.

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10/11/2012
Country risk and economic studies

France-Germany: comparative analysis of company insolvencies

The disturbing trend, observed during autumn 2012 about French company insolvencies, urged Coface economists to question themselves about the reasons which explain German companies’ resistance to the crisis.

Read More
10/09/2012
Corporate news

Coface continues global expansion, strengthening its presence in Africa

Coface guarantees are now available in 97 countries.

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10/03/2012
Corporate news

Cécile Fourmann is appointed Human Resources Director of the Coface Group

Cécile Fourmann brings the Group her broad experience in change management in multicultural environments.

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09/06/2012
Corporate news

Coface’s results for the first half of 2012

Sustained growth in turnover and in net profit.

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07/17/2012
Corporate news

Cyrille Charbonnel is appointed Chief Operating Officer of the Coface Group

In this role, he will manage the operational functions of the Group together with Jean-Marc Pillu, Chief Executive Officer.

Read More
07/10/2012
Country risk and economic studies

Country risk assessments review

The crisis worsens in Southern Europe and the Indian model begins to show signs of struggle.

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06/07/2012
Corporate news

Richard Burton is appointed Manager of the Asia Pacific Platform

He held the position of Deputy Manager up until he took over from Jean-Claude Speitel who retired at the end of May.

Read More
05/31/2012
Country risk and economic studies

Companies’ payment behaviour in China

Stabilized overall financial situation for Chinese companies, despite difficulties in accessing credit.

Read More
05/23/2012
Corporate news

Jean-Michel Riou is appointed Manager of Coface Western Europe and Coface France

Jean-Michel Riou joins Coface as Manager of Coface Western Europe Platform and Coface France and integrates the Executive Committee of the Group.

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05/15/2012
Corporate news

Laurent Mignon appointed Chairman of the Board of Directors of Coface

Laurent Mignon is the Chief Executive Officer of Natixis, shareholder of Coface. He takes over from François David, whose mandate has ended.

Read More
04/23/2012
Country risk and economic studies

Country risk assessments review

Improvement in Japan and the United States,but euro zone risk on the rise.

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03/06/2012
Country risk and economic studies

Coface accelerates its profitable growth in 2011

The strategic refocusing on credit insurance has borne fruit.

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02/12/2012
Corporate news

Coface has finalised the grouping of its 21 European credit insurance branches into one company

Coface has simplified and streamlined the structure of its European credit insurance activities.

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01/24/2012
Country risk and economic studies

The construction sector

A persistent credit risk in most countries.

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01/16/2012
Country risk and economic studies

Coface Country Risk

Companies’ solidity already impacted by the systemic crisis in Europe and political risks in emerging countries

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11/03/2011
Country risk and economic studies

The food industry in the world

A companies under pressure faced with price volatility.

Read More
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