Monday, September 25 2017 | ASIA TODAY INTERNATIONAL - Reporting the Business that Matters in Asia
Updated: 54 min 45 sec ago
Fitch Ratings affirmed, on September 8th 2017, Coface AA- Insurer Financial Strength (IFS) rating. The outlook is stable.
Weak development of infrastructure in the region. Poor record in improving investment rates
Company insolvencies dropped by 14% in 2015 and 6% in 2016
Coface announces CEE Top 500 companies: Automotive & transport sector is the regional leader. Oil & gas continues downturn, losing number one position for the first time
2016 – a mixed year for CEE. The labour market boomed, while turnover and net profit of the largest companies decreased by -0.6% and -3.1% / CEE Top 500 companies increased their workforces in 2016. Lower regional unemployment rates / Poland (+3.3% in turnover) remains the biggest player, followed by Hungary (-11.5%) and the Czech Republic (-2.2%) / Sectors: automotive industry up (+8.6% in turnover), oil & gas sector down (-5.6%)
Political developments in the US have caused uncertainties over the trade policies that could be implemented and the region’s vulnerability to tighter financial conditions.
Isabelle Laforgue and Nathalie Lomon join COFACE SA’s Board of Directors
Operating income up 17.5% and net income at €20.2m Improving guidance for 2017: net loss ratio 3pts better, at below 58%
GCC banks urged to fine-tune liquidity management in order to address new economic cycle - Coface Economic Report
The stagnation of low oil prices is weighing on liquidity conditions across Gulf Cooperation Council (GCC) countries. This is slowing down government fiscal revenues, (...)
Coface’s latest annual payment survey covered 2,795 corporates in the Asia Pacific region, focusing on 8 markets: Australia, China, Hong Kong, India, Japan, Singapore, Taiwan and Thailand. The survey also traced the evolution of corporate payments in 11 sectors.
12 Major sectors assessed worldwide
The second quarter of 2017 marked a new start for Europe, Russia and, on the sector side, for the automobile and agrofood industries in several countries (...)
Coface in Italy win Le Fonti Awards 2017 as Exellence of the year in Credit Insurance (...)
Businesses have proven their resilience since the referendum, but a downturn in investments is starting to be seen. The fall in growth (1.4% in 2017 and 1.2% in 2018) will lead to a rise in the number of business failures, of 8.7%1 and 8%1 respectively