Coface SA : Coface AA- rating affirmed by Fitch
(Thomson Reuters ONE) -
Paris, May 20(th), 2016
Coface AA- rating affirmed by Fitch
Fitch Ratings issued today, May 20(th) 2016, a press release on Coface in which
the agency affirms the Group's Insurer Financial Strength (IFS) rating at 'AA-',
Outlook Stable.
In this report, Fitch points out the elements which constitute its favorable
opinion:
* Coface strong market position and geographical diversification in credit
insurance;
* the good solvency of the Group;
* its prudent investment strategy and adequate risk profile;
* the Group's constant discipline in managing risks and its strong
underwriting performance.
Moreover, the rating agency mentioned that the contingent equity line
implemented in February 2016 to protect Coface's solvency in case of extreme
adverse events is considered as positive for Coface's ratings.
CONTACTS
MEDIA ANALYSTS / INVESTORS
Monica COULL Nicolas ANDRIOPOULOS
T. +33 (0)1 49 02 25 01 Cécile COMBEAU
monica.coull(at)coface.com T. +33 (0)1 49 02 22 94
investors(at)coface.com
Maria KRELLENSTEIN
T. +33 (0)1 49 02 16 29
maria.krellenstein(at)coface.com
FINANCIAL CALENDAR 2016
July 27(th) 2016: publication of H1-2016 results
September 22(nd) 2016: Investors' Day
November 3(rd) 2016: publication of 9M-2016 results
FINANCIAL INFORMATION
This press release, as well as Coface SA's integral regulatory information
can be found 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
2015, the Group, supported by its ~4,500 staff, posted a consolidated turnover
of ?1.490 billion. Present directly or indirectly in 100 countries, it secures
transactions of 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 340 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 AA- rating affirmed by Fitch :
http://hugin.info/161449/R/2014343/746734.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#2014343]
Unternehmensinformation / Kurzprofil:
Datum: 20.05.2016 - 17:40 Uhr
Sprache: Deutsch
News-ID 472649
Anzahl Zeichen: 3811
contact information:
Town:
Bois-Colombes
Kategorie:
Business News
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