Magazine date:
Oct 2009 Encouraged by the authorities, Coface, expert in risk analysis, will be extending its activities to companies' rating. The highlight of the proposed alternative: the ratings will not be carried out on the request of clients. Coface will not, therefore, be judge and defendant.
The proposed ratings will be six times lower than those used by traditional agencies (10 000 EUR, that is, 14 000 USD for classical financial rating. Coface is targeting 15% to 20% of the international market in corporate rating, estimated at 5 billion EUR (7 billion USD). This new service, already available in France, will be extended to Germany and Great Britain.