New Business Environment Rating system by Coface

Complementary to Country@ratings, a new rating is thus available that reflects business environment quality by 150 country.

 On the occasion of its annual country risk conference, Coface forecasts slower world growth in 2008 but still above three per cent. A credit crunch as severe as in 2001 seems unlikely at this juncture. In 2007 and 2008 households rather than companies are the victims of overindebtedness, but an economic shock and more difficult access to financing could nonetheless affect them.
Coface is thus making available to everyone via the new rating system its longstanding and thorough experience with the reality of the business climate to improve the approach to credit risk on companies. In assessing credit risks it is indeed equally important to know whether a company’s accounts faithfully reflect its actual financial situation and whether the legal system can provide fair and efficient recourse in case of payment default.