CofaceRatings
Coface is followed by three financial ratings agencies.
Insurer financial strength
The ratings awarded to Coface by Moody's, Fitch and AM Best reflect its strong financial strength
The Company and some of its subsidiaries are assessed by well-known ratings agencies.
The Company rating can vary from agency to agency.
Insurer financial strength | Agency | Rating | Outlook |
---|---|---|---|
Compagnie française d’assurance pour le commerce extérieur and its branches | Fitch | AA-
AA-Coface is rated AA- outlook stable since April 2021 In Fitch’s press release, the agency rating recognizes Coface’s “very strong, well established and diversified franchise in the global trade credit insurance sector”. Fitch highlights also that “inflation is supportive of the company’s growth in revenues, which are based on client’s turnover and therefore largely linked to inflation”. 23 November 2022 – Press release - Fitch |
Stable |
Moody's | A1
A1Coface is rated A1, outlook stable since September 2023 In its press release, Moody’s highlights that this rating reflects “the increasing diversification of the group and the enhanced monitoring and improved management of credit risk exposures, which Moody's expects to result in lower volatility in profits and make the insurer better placed to weather an economic downturn. The upgrade also reflects the good capitalisation level maintained by the group since 2020 and the improvement in asset quality.” 28 September 2023 – Press release – Moody’s |
Stable | |
AM Best | A
ACoface is rated A (excellent), outlook stable since Feb. 2020 UK : AM Best highlights that this rating reflect “Coface group’s balance sheet strength, which AM Best categorises as very strong, as well as its adequate operating performance, favourable business profile and appropriate enterprise risk management”. This strength is underpinned by a consolidated risk-adjusted capitalization at the strongest level as measured by the Best’s Capital Adequacy Ratio (BCAR) score. 22 May 2023 – Press Release - AM Best |
Stable |
Rating for COFACE SA debt
Rating for COFACE SA debt | Agency | Rating | Outlook |
---|---|---|---|
Rating for COFACE SA Debt - Short-term counterparty risk rating (commercial paper) | Fitch | F1 | Stable |
Moody's | P-2 | Stable | |
Rating for COFACE SA Debt - Long-term counterparty risk rating | Fitch | A+ | Stable |
Moody's | A3 | Stable |
1 COFACE SA is the holding company of the Coface Group. As a decision-making and management body, COFACE SA is a non-operational holding company and plays a vital financial role in the Coface Group, performing management, financing and advisory activities for its subsidiaries. The principal operating subsidiary of the Coface Groupe is Compangie française d’assurance pour le commerce extérieur.
Subordinated notes
ISIN | Agency | Rating | Outlook |
---|---|---|---|
ISIN: FR001400CSY7 Subordinated Tier 2 notes - due 22 September 2032 | Fitch | BBB+ | Stable |
Moody's | Baa1 | Stable | |
ISIN: FR0011805803 Subordinated notes - due March 27th 2024 | Fitch | A- | Stable |
Moody's | P-2 | Stable |
Les notes indiquées ci-dessus peuvent être révisées ou retirées à tout moment par les agences de notation qui les ont attribuées. Aucune de ces notations ne représente une indication de la performance passée ou future des actions Coface ou de la dette émise par la Société et ne doit être utilisée dans le cadre d'une décision d'investissement. La société n'est pas responsable de l'exactitude et de la fiabilité de ces notations.
Online services for customers and brokers
- Customer Portal - Cofanet
Customer Portal - CofaNet
Coface online platform for managing your trade receivables. Full monitoring of your risks. Direct access to all tools according to your contracts.
- Broker Portal
Broker Portal
Platform dedicated to brokers for monitoring your business and managing your customer portfolio (in all countries where legally available).
- Icon
ICON
Icon is the business information solution designed to help you better understand risk. Learn how to identify the financial situation of your partners and customers.
Innovative and digital solutions
- Icon
ICON
Icon is the business information solution designed to help you better understand risk. Learn how to identify the financial situation of your partners and customers.
- API Portal
API Portal
Stop juggling between software applications. Explore Coface API Catalogue and Integrated Solutions for Icon by Coface and trade credit insurance.