Spotlight

The paradox of corporate insolvencies in Europe: Miracle and mirage

The paradox of corporate insolvencies in Europe: Miracle and mirage

03/16/2021

In 2020, and even if the real impact of the COVID-19 crisis remains uncertain, the number of insolvencies actually fell in all major European economies. According to our research, the gap between the expected deterioration of the companies' financial health and the number of insolvencies suggests that there is a high number of "hidden insolvencies" that have been postponed, rather than prevented.

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News

The paradox of corporate insolvencies in Europe: Miracle and mirage

03/16/2021

In 2020, and even if the real impact of the COVID-19 crisis remains uncertain, the number of insolvencies actually fell in all major European economies. According to our research, the gap between the expected deterioration of the companies' financial health and the number of insolvencies suggests that there is a high number of "hidden insolvencies" that have been postponed, rather than prevented.

Read more

Diversification is one of the many effects of oil price volatility on Middle Eastern and African oil producers

03/17/2021

The COVID-19 pandemic's negative impact on global GDP growth and global trade volumes has caused a sharp drop in oil prices in the spring of 2020. This price drop, even if temporary, has affected Middle Eastern and African oil exporters differently, in line with their national output’s dependence on oil, as well as their fiscal strength and international reserves. Although Coface expects oil prices to average USD 60 per barrel in 2021, their volatility will remain a challenge for producing countries.

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Poland: Payment delays between companies shorten during the pandemic

02/26/2021

The year 2020 was marked by the COVID-19 pandemic. In order to mitigate the impact of this difficult economic situation on Polish companies, various liquidity-supporting aid measures were introduced, such as tax and contribution exemptions and deferrals. As a result, despite the extensive economic crisis, payment delays between companies have shortened – however, with these aid measures are to be phased out in 2021, two thirds of companies expect their business activities to deteriorate this year.

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Coface Barometer Q4 2020 - An uneven recovery

02/22/2021

In its latest quarterly Barometer and on the occasion of the publication of the country and sector risk guide, Coface highlights an uneven recovery across countries, sectors of activity and income levels.

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COFACE SA: Moody's raises the outlook for Coface to "stable"

02/14/2021

The rating agency Moody’s, on 10th February 2021, has confirmed the financial strength rating (Insurance Financial Strength – IFS) for Coface at A2. The agency has also raised the outlook for Coface, which is now stable.

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Coface commits to LGBT+ inclusion by signing L’autre cercle’s Commitment Charter

11/24/2020

Coface has signed the LGBT+ Commitment Charter of L’autre cercle, an association that promotes greater LGBT+ inclusion in the workplace.

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 4,250 employees
 100 countries with direct or indirect presence
 € 540 billion  secured debt
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