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Coface Country Risk Conference 2009 Trading Safely…Globally

Coface Country Risk Conference 2009 Trading Safely…Globally. 11 th June 2009. BAFTA, London. Speakers from:. François David Chairman, Coface. Coface Global Analysis of Country Risk. Coface Country and Sector Ratings. @Country rating

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Coface Country Risk Conference 2009 Trading Safely…Globally

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  1. Coface Country Risk Conference 2009Trading Safely…Globally 11th June 2009 BAFTA, London Speakers from: Coface Country Risk Conference 2009

  2. François David Chairman, Coface Coface Global Analysis of Country Risk Coface Country Risk Conference 2009

  3. Coface Country and Sector Ratings • @Country rating • Assesses the average risk of payment defaults by companies in a given country • To rate Countries, Coface combines • Economic and Political prospects of the Country • Coface Payment Experience • Business Climate Assessment • Ratings are available for 155 countries, with 7 rating grades:A1, A2, A3, A4, B, C, D • @Sector Rating • Assesses the average risk of payment default by companies in a given sector • To rate Sectors, Coface combines • Economic prospects of the sector • Companies' financial situation • Coface payment experience • There are ten different grades from A+ to D, regularly updated for 15 sectors Coface Country Risk Conference 2009

  4. "Business Climate" Rating Introduced in 2008, this rating is intended to assess overall business environment and more precisely whether corporate information is available and reliable and whether the legal system provides fair and efficient creditor protection This rating is based on a yearly survey filled by Coface entities in the world and has seven grades: A1, A2, A3, A4, B, C, D Various Coface Ratings, Payment Incident Index and Assessments of Sector and Country Risks are available onwww.cofacerating.com Coface Rating Coface Country Risk Conference 2009

  5. The 5th Credit Crisis:Credit Crises last 18 to 24 months Coface Country Risk Conference 2009

  6. A major shock between 2007 and 2009 Coface Country Risk Conference 2009

  7. Propagation of the Credit Crisis:"Bubble Burst Countries": the Epicenter of the Crisis Iceland United Kingdom Ireland United States Spain January 2008 March 2008 June 2008 September 2008 January 2009 Coface Country Risk Conference 2009

  8. "Bubble Burst Countries": Recession shock and microeconomic vulnerabilities Coface Country Risk Conference 2009

  9. "Bubble Burst Countries": Significant increase of non-payments Payment Incident Index - 2009 evolution Western Europe North America Coface Country Risk Conference 2009

  10. Propagation of the Credit Crisis: "Neighbours of the Epicentre" Iceland Canada United Kingdom Ireland Spain United States Portugal Mexico January 2008 March 2008 June 2008 September 2008 January 2009 Coface Country Risk Conference 2009

  11. Propagation of the Credit Crisis:‘Soft Growth Countries’ are hit Iceland Canada United Kingdom Germany Ireland France Belgium United States Japan Spain Italy Portugal Mexico January 2008 March 2008 June 2008 September 2008 January 2009 Coface Country Risk Conference 2009

  12. ‘Soft Growth Countries’: Increase of non-payments and sectors’ vulnerabilities Payment Incident Index 2009 evolution Western Europe Japan Coface Country Risk Conference 2009

  13. Industrialized Countries :@Country and Business Climate Ratings Coface Country Risk Conference 2009

  14. Coface Country Risk Conference 2009

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