Coface Re : Fitch assigns Coface Re 'A+' with Outlook Stable

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...

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   Maria KRELLENSTEIN T. +33 (0)1 49 02 16 29 [email protected] Justine LANSAC T. +33 (0)1 49 02 24 48 [email protected]	ANALYSTS / INVESTORS     Nicolas ANDRIOPOULOS Cécile COMBEAU T. +33 (0)1 49 02 22 94 [email protected]

 

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 EUR1.441 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

 

 

 

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