Quadient (Euronext Paris: QDT), a leader in helping businesses create meaningful customer connections through digital and physical channels, and Coface, a globally renowned trade credit insurer with over 75 years of experience, announce their strategic partnership to offer an advanced risk management solution.
The rating agency Moody’s, on 28th September 2023, has upgraded the financial strength rating (Insurance Financial Strength Rating – IFSR) for Coface to A1 from A2. The agency has also changed the outlook for Coface to stable from positive.
This portal offers Coface’s customers a complete suite of API solutions developed by Coface to enable them to integrate its services, expertise and unique data directly into their business ecosystem. This initiative illustrates Coface's willingness to provide higher connectivity to its customers via advanced digital solutions designed to optimise credit risk management.
Although payment behaviour remains in a relatively good shape even after this deterioration, companies are very pessimistic about their business outlook. Learn more in our full publication.
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.
