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Capital Markets

Credit market round up: Coface to launch UK ratings

Credit insurer Coface is to launch a financial ratings service in the UK. By using company information, credit insurance expertise and its own expertise, the firm aims to be able to offer spot ratings on a medium-sized company for a starting price of just £4,000. Coface has criticized the draft EU regulation for rating agencies saying that it will increase costs without having any impact on quality.