Coface: Fitch Ratings confirms AA- rating
(CercleFinance.com) - Coface has announced that the Fitch ratings rating agency has confirmed its AA- rating of Coface, along with its stable outlook.
The financial rating of AA-, coupled with a stable outlook, has also been confirmed for Coface North America insurance Company and Coface Re, two of the group's other insurance entities.
The rating agency underlines that this confirmation reflects Coface's very strong business model in credit insurance, as well as its financial profile (capitalisation and financial leverage), and renewed profitability, after earnings fell in 2016.
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The financial rating of AA-, coupled with a stable outlook, has also been confirmed for Coface North America insurance Company and Coface Re, two of the group's other insurance entities.
The rating agency underlines that this confirmation reflects Coface's very strong business model in credit insurance, as well as its financial profile (capitalisation and financial leverage), and renewed profitability, after earnings fell in 2016.
Copyright (c) 2018 CercleFinance.com. All rights reserved.