News

AM BEST AFFIRMS A (EXCELLENT) RATING TO COFACE NORTH AMERICA INSURANCE COMPANY, WITH STABLE OUTLOOK

12/20/2019

Rating agency AM Best, on 17 December 2019, has affirmed Coface North America Insurance Company’s ‘A’ (Excellent) Insurer Financial Strength (IFS) rating, with a stable outlook.

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BUSINESS FAILURES IN FRANCE ARE LESS FREQUENT, BUT OF A LARGER SIZE

12/10/2019

While the number of companies facing corporate insolvency has decreased since the beginning of the year, their cost has increased, both financially and in terms of the number of jobs affected. After a difficult first quarter, marked by the repercussions of the “yellow vests” movement, the number of corporate insolvencies since the beginning of the year in France is set to decline for the fourth consecutive year. However, Coface expects a slight rebound in insolvencies in 2020 (+0.9%), mainly due to the expected slowdown in the construction sector, which was largely driven by public works in 2019 in the run-up to the municipal elections.

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THE GLOBAL AUTOMOTIVE INDUSTRY AND ENHANCED REGULATIONS: A VERY STEEP PATH AHEAD

12/10/2019

The global auto sector is facing several challenges including enhanced and stricter regulations against environmental risks in the context of a slowdown of the global economy. Car sales are on a downward trend, as uncertainty bites.

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2019 SURVEY ON COMPANY PAYMENTS IN GERMANY: TURN OF THE TIDE

10/25/2019

85% of companies report longer payment terms in 2019 vs 2017

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    Lithuanian bank financial market participants to issue licenses to provide financial services license and supervise their activities, monitors compliance with the laws of Lithuania and the Bank with the statutory requirements of international financial reporting standards, international organizations recommended for safe and reliable operation requirements.

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Phone:  +370 5 279 17 27
Fax:      +370 5 279 17 54
Email: office-lithuania@coface.com
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