COFACE embarks on the rating activity

Established in 1946 by the state and privatized in 1994, COFACE, the company specialized in exportcredit insurance, is embarking on the rating business. It is targeting a 10% to 15% market share for the next five years. The rating sector is currently in the hands of the Anglo-Saxons: Standard & Poor's, Moody's, Fitch and AM Best.