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05/26/2021
Country risk and economic studies

All the News

05/11/2021
Country risk and economic studies, Press release

Germany: More insolvencies in the pipeline, despite significant aid

Insolvencies in Germany dropped significantly in 2020 compared to 2019 - despite the worst recession since 2009.

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04/27/2021
Country risk and economic studies, Press release

Coface Barometer Q1 2021: US leads the global recovery, emerging economies lag behind

More than a year after the start of the pandemic, global economic trends are uneven due to lingering uncertainties around the spread of COVID-19. The acceleration of the vaccination process, as well as its effectiveness, are key to an economic recovery

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04/27/2021
Corporate news, Press release

Coface records a good start to the year with a net income of €56.4m

Coface records a good start to the year with a net income of €56.4m ; Turnover: €378m, up 4.2% at constant FX and perimeter.

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04/20/2021
Corporate news

German State Aid Programme comes to planned end on June 30th

The joint state aid programme of the German federal government and German trade credit insurers, set up to stabilize supply chains during the pandemic, will come to its planned end on June 30, 2021. Based on all parties analysis of the current market situation, an extension is not necessary. Read our full press release.

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04/20/2021
Corporate news

Fitch raises the outlook for Coface’s ratings to “stable”

The rating agency Fitch, on 20th April 2021, affirmed Coface AA- Insurer Financial Strength (IFS) rating. The agency also removed the Rating Watch Negative. The outlook is now stable.

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04/13/2021
Country risk and economic studies

Coface report looks at China and Australia’s trade relationship

The China-Australia bilateral relationship deteriorated sharply over 2020, with China imposing trade restrictions on a number of Australian exports. But there are growing concerns that an escalation of bilateral tensions will see China hardening its stance towards Australia.

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04/06/2021
Country risk and economic studies

United States: Stimulus plan paves the way for record trade deficit

As the world's largest importer, and second largest exporter of manufactured goods, the United States has had a trade deficit since the early 1970s. Using an analysis based on historical estimates of a potential trade balance, Coface estimates that the deficit could grow by 56 billion dollars as a result of the stimulus plan.

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03/24/2021
Corporate news, Press release

Declan Daly appointed Coface Group COO

Coface is pleased to announce that Declan Daly has been appointed Chief Operating Officer of the Coface Group, effective as of April 1, 2021.

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03/16/2021
Country risk and economic studies, Press release

The paradox of corporate insolvencies in Europe: miracle and mirage

In 2020, and even if the real impact of the COVID-19 crisis remains uncertain, the number of insolvencies actually fell in all major European economies. According to our research, the gap between the expected deterioration of the companies’ financial health and the number of insolvencies suggests that there is a high number of “hidden insolvencies” that have been postponed, rather than prevented.

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03/11/2021
Country risk and economic studies

Diversification is one of the many effects of oil price volatility on Middle Eastern and African oil producers

The COVID-19 pandemic’s negative impact on global GDP growth and global trade volumes has caused a sharp drop in oil prices in the spring of 2020. This price drop, even if temporary, has affected Middle Eastern and African oil exporters differently, in line with their national output’s dependence on oil, as well as their fiscal strength and international reserves. Although Coface expects oil prices to average USD 60 per barrel in 2021, their volatility will remain a challenge for producing countries.

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02/16/2021
Country risk and economic studies

Poland: Payment delays between companies shorten during the pandemic

The year 2020 was marked by the COVID-19 pandemic. In order to mitigate the impact of this difficult economic situation on Polish companies, various liquidity-supporting aid measures were introduced, such as tax and contribution exemptions and deferrals. As a result, despite the extensive economic crisis, payment delays between companies have shortened – however, with these aid measures are to be phased out in 2021, two thirds of companies expect their business activities to deteriorate this year.

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02/14/2021
Corporate news

COFACE SA: Moody's raises the outlook for Coface to “stable”

The rating agency Moody’s, on 10th February 2021, has confirmed the financial strength rating (Insurance Financial Strength – IFS) for Coface at A2. The agency has also raised the outlook for Coface, which is now stable.

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02/10/2021
Corporate news, Press release

Coface FY-2020 results: Net income at €82.9m and 100% pay-out ratio

Coface releases its FY 2020 Financial Results.

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02/10/2021
Corporate news, Press release

Governance evolution – Bernardo Sanchez Incera appointed Chairman of the Board of Directors

Following the change in the shareholder base and the arrival of Arch Capital Group Ltd. in Coface's capital, COFACE SA's Board of Directors is evolving. Bernardo Sanchez Incera has been appointed Chairman of the Board of Directors.

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02/09/2021
Country risk and economic studies, Press release

Coface Barometer Q4 2020 - An uneven recovery

In its latest quarterly Barometer and on the occasion of the publication of the country and sector risk guide, Coface highlights an uneven recovery across countries, sectors of activity and income levels.

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01/28/2021
Country risk and economic studies

The political risks of lockdown in the Netherlands and Germany

Coronavirus containment measures are leading to social unrest in many countries, especially in the Netherlands and in Germany. Watch our video to learn more.

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01/14/2021
Corporate news, Country risk and economic studies

Attend our 25th Country Risk Conference 8-10 february

This year at our Country Risk Conference: 3 round tables to embrace the new business risks in a post-covid world.

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01/07/2021
Country risk and economic studies

UK-EU trade agreement: almost late, but worth the wait

After nine months of tense negotiations, the UK and the EU finally struck a post-Brexit agreement. Watch our video to learn some of the key points of the deal.

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12/28/2020
Corporate news

Coface signs an agreement with Dutch government to support the economy

Dutch State extends guarantee with Credit insurers by six months from the first of January 2021.

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12/27/2020
Corporate news

Coface wishes you the best for the holiday season

Happy new year from everyone at Coface !

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