Coface AA- rating affirmed by Fitch
Fitch Ratings issued today, May 20th 2016, a press release on Coface in which the agency affirms the Group’s Insurer Financial Strength (IFS) rating at 'AA-', Outlook Stable.
In this report, Fitch points out the elements which constitute its favorable opinion:
- Coface strong market position and geographical diversification in credit insurance;
- The good solvency of the Group;
- Its prudent investment strategy and adequate risk profile;
- the Group’s constant discipline in managing risks and its strong underwriting performance.
Moreover, the rating agency mentioned that the contingent equity line implemented in February 2016 to protect Coface’s solvency in case of extreme adverse events is considered as positive for Coface’s ratings.