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United States: Two-speed business bankruptcies

July 9, 2020
As the COVID-19 epidemic hits the United States very hard, Coface forecasts in its baseline scenario that the country's GDP will contract by 5.6% in 2020, before rebounding by 3.3% in 2021. Nevertheless, this forecast is threatened by the resurgence of the outbreak in several states, which are already pausing or even reversing the resumption of activity after the extensive lockdown of April.

Coface finalises the acquisition of GIEK Kredittforsikring AS

July 1, 2020
Coface announces the closing of the acquisition of GIEK Kredittforsikring AS, a company that manages a short-term export credit insurance portfolio.

Asia Corporate Payment Survey 2020: COVID-19 will overturn last year’s incipient recovery

July 1, 2020
After a 2019 that was dominated by trade tensions between the United States and China, Coface has observed an incipent recovery in Asia (excluding China), supported by supply chain shifts and additional liquidity from the US Federal Reserve.

Are corporate balance sheets in Spain and Italy ready for the COVID-19 shock?

June 23, 2020
Although the second quarter of 2020 is shaping up to be the most challenging period of the year, there are now good reasons to think that the road to recovery will be long and arduous. Despite immediate tax deferrals, liquidity guarantees, it is likely that many firms will find themselves in difficulty.

Business insolvencies in Europe: amendments to legal procedures temporarily postpone due dates

June 16, 2020
Many European countries have temporarily amended the legal framework of default procedures to help companies deal with the crisis, postponing growth of insolvencies in Europe.

Webinar : “From a massive shock to a differentiated economy”

June 8, 2020
Our Chief Economist presents an in-depth look at the economic changes around the world and our latest forecast for 2020 and 2021.

Coface Barometer: From a massive shock to a diversified recovery

June 8, 2020
Coface forecasts that the recession in 2020 (a 4.4% drop in world GDP) will be stronger than that of 2009. Despite the recovery expected in 2021 (+5.1%) – assuming there is no second wave of the coronavirus pandemic – GDP would remain 2 to 5 points lower in the United States, the eurozone, Japan, and the United Kingdom, when compared to 2019 levels.

China Payment Survey 2020: Payment delays will increase further because of COVID-19

June 2, 2020
In the context of weaker activity in China due to the health crisis, Coface’s latest survey on business payments in China shows a deterioration in payment behaviour in 2019. 66% of surveyed companies reported payment delays. The length of payment delays remained stable at 86 days in 2019. Nevertheless, sectors that have been hit the most by lockdown measures will have to delay payments in order to survive in 2020 and the number of corporate insolvencies should increase.

Coface Canada positioned to support canadian businesses with additional credit capacity

May 29, 2020
In the context of Covid-19 crisis, CofaceCanada is pleased to announce their participation in the extended Trade Partnership Insurance (TPI) powered by EDC (Export Development Canada).

World Trade: despite a sudden interruption, global value chains still have a bright future

May 26, 2020
Early 2020 marked by a sudden interruption in world trade, hampered by a global recession and soaring uncertainty

COFACE engages to support Belgian companies alongside the state

May 20, 2020
During the current, unprecedented health and economic crisis, the Belgian government, in collaboration with credit insurers, is setting up a reinsurance program to sustain the economy during this difficult period.

Coface appoints Guilherme Spadinger as Sales Director of France & Western Europe

May 6, 2020
Within his new role, Guilherme will be responsible for defining, leading, and supervising Coface's commercial strategy for France and the Western Europe region. His mission will be to support business development and growth, and to cultivate Coface's success in these markets.

COVID-19 swings the spotlight back onto emerging countries’debt

April 29, 2020
While the focus has mainly been on China, Europe and the USA so far, the consequences of the Coronavirus pandemic are likely to be even more severe in emerging countries.

First quarter shows solid operational performance but is impacted by the initial effects of the COVID-19 crisis

April 23, 2020
Xavier Durand, Coface CEO, commented: “The coronavirus crisis presents an unprecedented shock for our economies and for the credit insurance industry. First and foremost, I am very proud of our teams’ successful efforts to continue supporting our customers despite the containment measures (...)"

Coface supports protection shield for German companies

April 17, 2020
Together with the credit insurers, the German government is setting up a protective shield to support the economy in these difficult times.

Coface SA publishes its 2019 Universal Registration Document

April 17, 2020
Communication setting out the arrangements for the supplying of the Universal Registration Document .

Can China shield its economy from the impact of COVID-19?

April 14, 2020
Due to the current coronavirus (COVID-19) pandemic and its impact on the global economy, it is unlikely that China will be able to achieve its 2020 growth target. Coface forecasts a growth rate of 4% for the Chinese economy in 2020.

Coface commits to supporting French companies alongside the state

April 10, 2020
In this unprecedented health and economic context, Coface is working with the French government to relaunch an exceptional complementary public credit insurance scheme.

Coface Barometer: COVID-19 - heading towards a sudden global surge in business insolvencies

April 6, 2020
At first, the COVID-19 epidemic in China only affected a limited number of value chains – but it has since turned into a global pandemic. Its repercussions have created a double shock – supply and demand – that is affecting a large number of industries in all over the world.

COFACE SA: Announcement regarding the dividend

April 1, 2020
COFACE SA’s Board of Directors met on 1st April 2020 to look at the group’s activity in the current economic environment.

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