Coface notes a deterioration of the average strength of companies in Europe and in the United States and is placing on negative watch, or removing positive watch of, 8 developed countries.

Despite a slowdown compared with 2010, Coface expects the steady pace of growth of emerging countries to continue, forecasting their economies to grow at 5.7%, in 2011. This contrasts with its growth forecast to 1.8% for developed economies, for the same period. This buoyancy of emerging economies goes hand in hand with improvements in the business environment.

The Country Risk Conference organized each year by Coface in Paris on an international level is followed by a regional one in key economic capitals worldwide. The tour is now stopping in Moscow, for discussions around the effects of the crisis, at a regional and local level.

After upgrading many of its country ratings in 2010, Coface is now downgrading 10 country ratings, including those for Japan and several countries in the Middle East/North Africa region.
 

Published quarterly, the map of Coface Country Ratings offers a unique overview of our ratings across 165 countries around the world.

See the 15 first minutes of each expert presentation given during the Country Risk Conference and read the slides that were displayed.

Coface indicates that it is now the time of converging risks between the advanced countries and the emerging countries who have seen their rating improve with the test of the crisis.

Consult the last update of World growth forecasts.

These emerging countries which come out of the crisis stronger : Coface announces that it is upgrading Turkey, Brazil and Russia.

Published quarterly, the map of Coface Country Ratings offers a unique overview of our ratings across 165 countries around the world.

Consult the last country rating evolutions, country analysis and forecast, by the Country risk and economic research Coface Department

... but Coface warns of a lag in recovery in the Euro Zone.

Coface announces some 20 upgrades in country ratings. The credit crisis, which will have lasted two years as announced at the conference held in January 2008, has been of an unprecedented magnitude for the past 60 years.>

Coface’s new growth forecasts take into account a growth contraction of 6.6 points between 2007 and 2009.

The financial strength of companies continues to decline in most countries.

19/01/2009 - The credit crisis no longer spares any zone and even reaches the BRICs: Coface announces at its Country Risk Conference that China and Russia have been placed on negative watch