Seven CEE countries on Coface's negative rating list

In all, 22 countries were either downgraded, placed on negative watch or had their positive watch withdrawn.

 For the year 2008, Coface registered an increase of 47% in its
global payment default index with a speeding up during the fourth
quarter.

For the first time, it has placed two of the world’s biggest
emerging economies – Russia and China – on negative watch
simultaneously.

Coface lives Hungary  on A3 level, but with negative trends.