Coface Group


The ratings awarded to Coface, by Moody's and Fitch, reflect its strong financial strength

The Company and some of its subsidiaries are assessed by well-known ratings agencies. The Company rating can vary from agency to agency.
The main ratings for the Company and its principal operational subsidiary are as follows:
Main ratings for Coface
The ratings shown above can be subject to revision or be withdrawn at any moment by the ratings agencies awarding them. None of these ratings represent an indication of past or future performance of Coface shares or debt issued by the Company and should not be used as part of an investment decision. The Company is not responsible for the accuracy and reliability of these ratings.
1 COFACE SA is the holding company of the Coface Group. As a decision-making and management body, COFACE SA is a non-operational holding company and plays a vital financial role in the Coface Group, performing management, financing and advisory activities for its subsidiaries. The principal operating subsidiary of the Coface Groupe is Compangie française d’assurance pour le commerce extérieur.



Coface is rated A2, outlook stable since Sep. 2009

“The A2 insurance financial strength (IFS) rating of COFACE SA's (Coface, Baa1 stable) lead insurance entity, Compagnie Francaise d'Assurance pour le Comm. (the Compagnie) reflects (i) the group's strong position in the global credit insurance industry, (ii) good economic capitalisation, underpinned by Coface's dynamic management of the exposure and effective underwriting risk monitoring tools, and (iii) good underwriting profitability through-the-cycle.”

June 8th 2018 – Credit Opinion – Moody’s



2018 06 08: See Moody's detailed credit opinion



Coface is rated AA- outlook stable since Nov. 2010

« The ratings reflect the Coface’s very strong business profile in credit-insurance and very strong ‘capitalization and leverage’ »
According to Fitch, the Group “has strong franchise in credit insurance with a high level of geographical diversification”, which supports its solid business profile.

September 08th 2017 – Press Release - Fitch 



2017 09 08 Coface press release - rating affirmed

2017 11 09 See Fitch full rating report

2017 11 09 See Fitch "Navigator" report

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