The crisis is not yet over according to Coface

Bad news from the euro-zone: the crisis will take a while to end, according to the latest Coface report.

One year after Coface's positioning as an international financial rating agency, specialised in rating companies, a first assessment is now available on the ratings attributed to European companies.

On December 31st 2009, the majority of companies maintained an “investment grade” rating, despite a modification rate for ratings that was much higher in 2009 than a normal year. Coface is calling for a change in the regulations for financial ratings and will file with the European bodies for accreditation, at the same time as the historical actors.