Global credit rating agency AM Best has affirmed the Financial Strength Rating of A (Excellent) and Long-Term Issuer Credit Ratings of ‘a’ (Excellent) to Coface and its main operating subsidiaries. This rating reflects the agency’s belief in the strength of Coface group’s balance sheet, operating performance, business profile, and enterprise risk management.
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Companies in China report shorter payment delays in 2022 and expect higher economic growth in 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.Read More
United Kingdom: Corporate insolvencies are going from zero to a hundred after end of government support measures
In 2022, around 23,400 companies went bankrupt in the United Kingdom, causing corporate insolvencies to reach its highest levels since the 2009 Global Financial Crisis “GFC”.
Read our analysis of this rapid rise in insolvencies.
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.
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.Read More
Numerous challenges for companies in CEE result in an increased number of insolvencies
Corporate insolvencies in Central & Eastern Europe (CEE) 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 More
Coface celebrates its 100th anniversary in Germany
Coface Germany celebrates its 100th birthday! The company was founded in March 1923 in Mainz on the initiative of Isaac Fulda, a local banker.
To mark this milestone, Coface is looking back on its history in the country.
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.Read More
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?
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.Read More
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 ratioRead More
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.Read More
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.Read More
Is the "insolvency paradox" nearing its end?
Should we expect a widespread rise in claims and corporate insolvencies? Jean-Christophe Caffet, Coface Chief Economist, provides some answers.Read More
Recession, inflation, Ukraine, China, monetary policy... 2023 as seen by Jean-Christophe Caffet, Coface Chief Economist
The French media Wansquare asked a panel of economists and leaders of large companies to give their forecasts for 2023. Read the answers Jean-Christophe Caffet, Chief Economist at Coface, gave them.Read More
China reopening has a positive but gradual impact on consumption
China has started its reopening process faster than expected. The economic, social, and fiscal costs of the zero-covid policy have created many uncertainties for the economy. Here is our forecast for 2023.Read More
98% of our key clients have renewed their trust in Coface for 2023
The team dedicated to our key accounts has just announced that 98% of our key account clients have renewed their trust in Coface for the year 2023. A great pride for us!Read More
Netherlands Outlook 2023: It Ain’t Over ‘Til it’s over
Our NER economist Christiane von Berg shares her forecast for 2023 in the Netherlands.Read More
Political instability increases economic risks
World trade is increasingly exposed to risks due to a state of flux in the world order.Read More
What is the outlook for the semiconductor industry with its proven economic and geostrategic importance?
In the medium and long term, the technological competition between the main economies in semiconductor manufacturing raises concerns: oversupply, mismatch between industry needs and the ability of supply chains to follow... Understand here the challenges of the sector.Read More
Auto industry on front line of transition to carbon neutrality
The battle for leadership and innovation in metals and technologies is raging, and the global stakeholders have embarked on a fierce competition. More in our article.Read More