Fitch Ratings today affirmed Coface's 'AA-' Insurer Financial Strength (IFS) rating, with the outlook remaining 'stable'. The outlook remains 'stable'.

Fitch has also affirmed Coface's long-term Issuer Default Ratings (IDR) at 'A+' with an outlook.

This rating reflects 'Coface's very good business model and strong capitalization, as well as high profitability through the cycle'. The stable outlook reflects Fitch's view that ' Coface continues to maintain a sufficient margin of safety to cope with more challenging macroeconomic conditions and rising corporate default risk over the next 12 to 24 months.

Copyright (c) 2023 CercleFinance.com. All rights reserved.