Fitch Ratings issued, on September 29 2016, a press release on Coface in which the agency affirms the Group's Insurer Financial Strength (IFS) rating at 'AA-', Outlook Stable.

Fitch highlights that this affirmation reflects Coface's 'strong business profile and geographical diversification in credit- insurance and its solid capital position'.

Reiterating its view on Coface's risk profile, considered 'adequate', Fitch underlined that the Group 'benefits from (..) flexibility to adjust the terms and conditions of its policies and largely focuses on the short-tail business.'

This affirmation follows the launch of Coface's new 3-year strategic planFit to Win.

In this context, 'Fitch expects that Coface maintains a good underwriting performance over the cycle, resulting from the group's stricter underwriting guidelines and focus on profitability versus growth'.

Coface SA published this content on 30 September 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 30 September 2016 09:58:04 UTC.

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