Coface SA (COFA.PA)
23 Feb 2018
* REG-COFACE SA : COFACE DOUBLES NET INCOME TO €83.2M, AND ACTIVATES THE CAPITAL OPTIMISATION LEVER PROVIDED FOR IN ITS FIT TO WIN PLAN
* ANNOUNCES A SHARE BUYBACK OPERATION TARGETING A TOTAL AMOUNT OF 30 MILLION EUROS
* RESTRUCTURING EXPENSES WILL BE LOWER THAN PREVIOUSLY ANTICIPATED
Sept 28 French credit insurer Coface said on Thursday it sees improved full-year performance, underpinned by measures taken to strengthen its risk infrastructure.
* REG-COFACE IMPROVES ITS FULL-YEAR GUIDANCE: LOSS RATIO NET OF REINSURANCE NOW SEEN BELOW 54%, A 4PPTS IMPROVEMENT
(The following statement was released by the rating agency) LONDON, September 08 (Fitch) Fitch Ratings has affirmed the Insurer Financial Strength (IFS) ratings of Compagnie francaise d'assurance pour le commerce exterieur (Coface France), Coface North America Insurance Company and Coface Re SA at 'AA-'. The issuers are the major insurance operating entities in the Coface group (Coface). Fitch has also affirmed Coface France's Long-Term Issuer Default Rating (IDR) at 'A+' and COFACE SA's Long-Te
PARIS, Sept 3 China's United SME Guarantee Corporation is interested in taking a stake in French credit insurer Coface, French business daily Les Echos wrote on its website on Sunday, citing unnammed sources.