Coface: AM Best maintains its A ratings
(CercleFinance.com) - Coface has announced that the rating agency AM Best has confirmed its "A" (Excellent) financial strength ratings (IFS) for the group, Coface North America Insurance Company (CNAIC) and Coface Ré, with an outlook that remains "stable".
In a statement, the agency says that these ratings "reflect Coface group's balance sheet strength, which AM Best categorises as very strong, as well as its adequate operating performance, favourable business profile and appropriate enterprise risk management".
It also recognises that its operating performance "the group's operating performance is expected to remain at an adequate level over the medium term, supported by management's ability to take prompt risk-mitigating actions on non-performing business when required".
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