Corona and the economy

At the moment, reliable forecasts of how the corona pandemic and the economy will affect the global, continental and national economies are hardly possible. The parameters are changing too fast. Nevertheless, the economists at Coface are of course also observing and analysing the development very precisely. This also applies to the credit assessors in operational business. On these pages we want to summarise information that is directly or indirectly related to Corona and our business.

COFACE PUBLICATIONS

China: rising payment risks in construction and energy sectors despite stronger economic outlook

Coface expects an increase in bond defaults and insolvencies in 2021, especially among sectors that accumulated higher cash-flow risks in 2020 amid a slowdown in credit growth. View more!

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. View more!

Coface Events

PAST WEBINAR: "THE ECONOMIC OUTLOOK - TOWARDS SUSTAINABLE GROWTH"

• Global trends – an uneven economic recovery
• The pace of economic activity in CEE
• What is a larger threat – consumer or commodities prices increases?
• Does business sentiment indicate a strong recovery ahead?
• Latest revisions of country and sector risk assessments

Find out more by watching the recoding of our webinar with Declan Daly and Grzegorz Sielewicz.

Coface NEWS

Coface reports first-half net income of €123.2m, confirming an excellent start to the year

Coface reports first-half net income of €123.2m, confirming an excellent start to the year. Turnover: €768m, up 7.4% at constant FX and perimeter. more information!

Moody's confirms A2 rating for Coface

The rating agency Moody's confirmed Coface’s Insurance Financial Strength (IFS) A2 rating on 27 March 2020. The outlook for this rating has been changed to negative.In this uncertain period, Coface is working more closely than ever with its customers, and is taking multiple preventive actions on its risk portfolio. See the press release!

The ratings agency fitch estimates that the adverse effects of the coronavirus pandemic will have a negative impact on the trade credit insurance industry, and that it is now more likely that Coface’s profitability, as measured by Fitch, will reach a level no longer compatible with the current rating. See the press release!
Coface ratings: Overview and details!