Coface Re : Fitch assigns Coface Re 'A+' with Outlook Stable
(Thomson Reuters ONE) -
Paris, March 4(th), 2015
Fitch assigns Coface Re 'A+' with Outlook Stable
Today, Wednesday March 4(th) 2015, Fitch Ratings assigned Coface Re an Insurer
Financial Strength (IFS) rating of 'A+', Outlook Stable
Coface Re SA, domiciled in Switzerland, is 100% owned by Coface SA.
As pointed out by Fitch, this rating relies on:
* The company's core status within the Coface group, as it exists solely to
accept internal reinsurance.
* The strong position of the Group as the global 3(rd) largest credit insurer.
* The fact that Coface Re does not bring any additional underwriting risk to
the Group, as the Group external reinsurance policy remains unchanged.
Thanks to the creation of Coface Re, the Group intends to optimize its
reinsurance flows, support the development of Coface Partner network and
increase the range of services available to its international customers.
CONTACTS
MEDIA ANALYSTS / INVESTORS
Maria KRELLENSTEIN
T. +33 (0)1 49 02 16 29 Nicolas ANDRIOPOULOS
maria.krellenstein(at)coface.com Cécile COMBEAU
Justine LANSAC T. +33 (0)1 49 02 22 94
T. +33 (0)1 49 02 24 48 investors(at)coface.com
justine.lansac(at)coface.com
FINANCIAL SCHEDULE 2015
5 May 2015: publication of Q1 2015 results
19 May 2015: General Assembly
FINANCIAL INFORMATION
This press release as well as the full regulated information of Coface SA are
available on the Group's website http://www.coface.com/Investors
About Coface
The Coface Group, a worldwide leader in credit insurance, offers companies
around the globe solutions to protect them against the risk of financial
default of their clients, both on the domestic market and for export. In
2014, the Group, supported by its 4,406 staff, posted a consolidated turnover
of ?1.441 billion. Present directly or indirectly in 98 countries, it secures
transactions of over 40,000 companies in more than 200 countries. Each
quarter, Coface publishes its assessments of country risk for 160 countries,
based on its unique knowledge of companies' payment behaviour and on the
expertise of its 350 underwriters located close to clients and their debtors.
In France, Coface manages export public guarantees on behalf of the French
State.
www.coface.com
Coface SA. is listed on Euronext Paris - Compartment A
ISIN: FR0010667147 / Ticker: COFA
Coface Re: Fitch assigns Coface Re 'A+' with Outlook Stable:
http://hugin.info/161449/R/1899477/674819.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Coface SA via GlobeNewswire
[HUG#1899477]
Unternehmensinformation / Kurzprofil:
Datum: 04.03.2015 - 17:35 Uhr
Sprache: Deutsch
News-ID 376249
Anzahl Zeichen: 3828
contact information:
Town:
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Kategorie:
Business News
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