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Yellow’s $2.59 Billion Bankruptcy: Examining Impact and Insolvency Trends

Leaving a substantial debt of $2.59 billion in its wake, the third-largest U.S. trucking company, Yellow, made headlines in August by filing for Chapter 11 bankruptcy protection, leading to the displacement of 30,000 workers and the announcement it will cease operations.

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Coface North America Names Mark Jomaa Chief Operating Officer and Jacqui Jooste Coface Country Manager, Canada

Coface announced today Mark Jomaa has been appointed Chief Operating Officer for the North America region and Jacqui Jooste as Country Manager, Canada.
Both Mark and Jacqui bring proven track records of accomplishments which have raised the bar for customer experience in the risk management and trade credit insurance industries. Adding to the Coface North America leadership team, their work will help set a new standard for service delivery and operational excellence with North America.

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Agricultural commodities under pressure

High production costs, trade tensions and increased weather risks will continue to weigh on global agricultural production in the months ahead.
Read our outlook on the agri-food sector.

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AM Best affirms Coface rating at A (Excellent) with a stable outlook

Global credit rating agency AM Best has affirmed the Financial Strength Rating of A (Excellent) and Long-Term Issuer Credit Ratings of ‘a’ (Excellent) to Coface and its main operating subsidiaries. This rating reflects the agency’s belief in the strength of Coface group’s balance sheet, operating performance, business profile, and enterprise risk management.

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7 tips for effective credit management and risk protection

Preventing delinquencies or collecting receivables immediately is critical to the survival of many companies. To help you gain insight into your own credit management and improve your business risk prevention, here are seven tips to better protect your business.

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A further tightening of the oil market

In early April, Saudi Arabia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman announced combined oil output cuts of more than 1.1 million barrels per day (b/d), surprising the markets. This commitment follows a first production cut announced in October 2022 by OPEC+. It comes in addition of Russia's decision to cut output by around 500,000 b/d in reaction to the implementation of a EU ban on seaborne imports of Russian oil and oil products.
Read our press release here for more.

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Silicon Valley Bank’s failure highlights heightened financial stability risks amid monetary tightening

California and federal banking regulators shut down Silicon Valley Bank (SVB) and seized its deposits citing both illiquidity and insolvency. This is the 2nd largest failure of a U.S. financial institution after Washington Mutual in 2008. Read our expert's analysis of the situation.

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Coface country and sector risks handbook 2023: major trends of the world economy

Coface launches the 2023 edition of its Country & Sector Risks Handbook in a brand new format but as always with our much anticipated country and sector risk assessments.

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From excessive pessimism to excessive optimism - Coface Barometer Q4 2022

2023 starts with good news on the macroeconomic front. First, Europe has avoided a recession that looked long promised. Second, the prospect of a rebound in China in the second half of the year, also raises hopes for the global economy. In this context, Coface's risk assessments have changed only slightly, with 5 changes for country risks and 16 changes for sector risks. Discover which ones in our latest barometer.

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Coface acquires North America data analytics boutique Rel8ed

Coface announces today the acquisition of North American data analytics boutique Rel8ed.

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Coface Announces Jeff Anop as Leader of Business Information in the North America Region

Coface Announces Jeff Anop as Leader of Business Information in the North America Region

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Coface announces the appointment of Stefan Matheis as leader of Global Solutions in the North American region

Coface announces the appointment of Stefan Matheis as leader of Global Solutions in the North American region

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CEE company insolvencies on the rise

Various economic conditions, support measures and legal changes have affected insolvency trends in the Central and Eastern Europe region over the last two years.

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Medium & long-term knock-on effects of the war in Europe on global sectors trends: will there be resilient sectors?

In the short run, all sectors for which Coface publishes sector risk assessments in six regions worldwide will be impacted by the knock-on effects of Russia’s invasion of Ukraine. Which ones would be the most resilient sectors? Read our full study now!

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Coface China Corporate Payment Survey: Increasing risks in supply chain disruptions and rising raw material prices

Coface’s 2022 China Corporate Payment Survey shows that fewer firms encountered payment delays in 2021, but those that did report longer periods of overdue payments than in the previous year. The average payment delay rose from 79 days in 2020 to 86 days in 2021. Firms in 9 out of 13 sectors reported an increase in payment delays, led by agri-food, which recorded the largest increase of 43 days, followed by wood, transport, and textile.

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War in Ukraine: Many (big) losers, few (real) winners

More than two months after the start of the war in Ukraine, of Russia’s invasion of Ukraine on 24 February, prospects for a rapid resolution of the war seem increasingly unlikely. As sanctions against Russia continue to pile up, a return to the pre-war situation seems illusory, even in the event of an early end to the conflict.

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Economic consequences of the Russia-Ukraine conflict: Stagflation ahead

The Russia-Ukraine conflict has triggered turmoil in the financial markets, and drastically increased uncertainty about the recovery of the global economy. Since our last publication, the world has shifted, so have the risks.

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Coface FY-2021 results: record net income

Coface FY-2021 results: net income at €223.8m and 100% pay-out ratio.

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Is the electric vehicle metals boom sustainable?

The metals used in electric vehicles, such as lithium, cobalt and copper, are at the heart of the revolution currently taking place in the automotive industry. But imbalances between supply and demand are pushing up their prices, even though the market share of electric vehicles remains modest. In its latest analysis, Coface does not foresee any major changes in these price trends over the next two years.

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Asia Pacific: Corporate payment delay trend stabilized, companies see brighter outlook but risks and uncertainty remain

Coface’s 2021 Asia Corporate Payment Survey provides insights into the evolution of payment behavior and credit management practices of over 2,500 companies across Asia Pacific during a pandemic year. Respondents came from nine markets (Australia, China, Hong Kong SAR, India, Japan, Malaysia, Singapore, Thailand and Taiwan) and 13 sectors located in the Asia Pacific region.

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