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Fitch upgrades Coface

Rick Mitchell

November 22, 2006 Reprints

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.

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Fitch upgrades Coface

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