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In
its latest country risk update, Coface
announced that China (rated A3)
and Korea (A2) were removed from
negative watch. The move for
South Korea’s rating is a result of
the country’s investment-driven growth
recovery spurred by expansionary
monetary and fiscal policies. China’s
removal from the negative watchlist
reflects the credit boom that has driven
its economic recovery.
In
addition, Honduras (C) was placed
on negative watch.
The worsening of Honduras’ economic
and financial situation is attributable
to the political crisis resulting from
the military coup in late June of this
year.
The
country risk update also provides a
summary of the current economic
situation, growth forecasts, and risk
indices on a region-by-region basis.
Highlights
include:
·
Western Europe — Timid rebound but
consumption continues to slump
·
United States — Emerging from
recession, but household debt is
impeding strong recovery
·
Latin America — Brazil shows signs of
hope while other countries remained
plagued
·
Asia — Stimulus measures at core of
recovery
·
Near and Middle East — Speedier
rebound in oil producing countries
The
full report is available here
Coface
Country Ratings indicate the
average level of risk
presented by companies in their
commercial transactions.
The ratings do not relate to sovereign
debt.
Contact:
Sue Hinton /
( 212-389-6466 /
sue_hinton@coface.com
About
Coface
Coface's
mission is to facilitate global
business-to-business trade by offering
its 130,000 customers four business
lines to fully or partly outsource trade
relationship management and to finance
and protect their receivables: credit
insurance, factoring, ratings and
business information and receivables
management. Due to the worldwide local
service delivered by 7,000 staff in 65
countries, over 45% of the world's 500
largest corporate groups are already
customers of Coface. Learn more at
www.coface-usa.com |
