Moody’s issues CNAIC rating
Moody's has assigned an Aa3 (excellent) insurance financial strength rating to Coface North America Insurance Company (CNAIC), a wholly-owned subsidiary of Coface SA. The outlook for the new rating is stable.
CNAIC, a recent addition to the Coface Group, presently has licences to operate in 21 US States, and will principally write credit insurance business.CNAIC has an estimated market share of over 10%
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