(CercleFinance.com) – The credit insurance company Coface announces that the rating agency Moody’s has upgraded its Insurance Financial Strength (IFS) rating from ‘A2’ to ‘A1’, and is changing its outlook from ‘positive’ to ‘stable’.
This increase reflects ‘the growing diversification of the group as well as the strengthening of supervision and improvement in the management of credit risk exposures’, but also a good level of capitalization and very strong profitability in recent years.
“Coface is on track to successfully finalize its Build to Lead strategic plan and is actively preparing the next chapter which will be presented to the market on March 5, 2024,” reacts Phalla Gervais, finance and risks director of Coface.
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