The ratings awarded to Coface, by Moody's and Fitch, reflect its strong financial strength
Coface is rated A2, outlook stable since Sep. 2009
“The A2 insurance financial strength (IFS) rating of Compagnie Francaise d'Assurance pour le Comm. (Coface) reflects (i) the group's strong position in the global credit insurance industry, (ii) good economic capitalization and underwriting profitability through the cycle, underpinned by Coface's dynamic management of the exposure and effective underwriting risk monitoring tools.”
May 23rd 2016 - Credit Opinion - Moody's
In July, 2015 the French Government announced it will transfer the state public guarantee business from Coface to Banque publique d'investissement. […], nevertheless we note this business represented only around 5% of revenues and 6% of profits at year-end 2014.
October 13th 2015 – Credit Opinion – Moody’s
Coface is rated AA- outlook stable since Nov. 2010
“Fitch Ratings considers Coface’s capitalisation to be supportive of its ratings.”
“Fitch expects Coface’s underwriting performance to remain good albeit pressurised in 2016.”
June 10th 2016 – Full Rating Report – Fitch
Fitch views the transfer [of Public Guarantees Management] as neutral for Coface’s ratings.
September 17th 2015 - Full Rating Report - Fitch