Fitch upgrades Coface

PARIS— Fitch Ratings has upgraded its insurer financial strength rating for the main operating units of the French credit insurer Coface S.A. to AA+ from AA.

Fitch's outlook for the group remained stable.

Fitch also upgraded the insurer financial strength rating for Coface Kreditversicherung A.G., the Coface group's German insurance subsidiary, to AA+.

Coface, founded in 1946, is a wholly owned subsidiary of Natixis, previously named Natexis Banques Populaires.