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COFACE meaning in Business ?

Answer» What is Compagnie Française d'Assurance pour le Commerce Extérieur mean?

Compagnie Française d'Assurance pour le Commerce Extérieur (Coface) is a credit insurer operating globally, offering companies solutions to protect them against the risk of financial default of their clients, both in their domestic and export market. In complement to credit insurance, Coface also offers debt collection services, factoring and business information, and bonds.

Created in 1946, Coface was listed on the Euronext Paris Stock Exchange in 2014. 4,100 staff in 66 countries provide a local service worldwide. Each quarter, Coface publishes its assessments of country risk for 160 countries, based on its knowledge of companies’ payment behaviour and on the expertise of its underwriters.

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