PR: Coface cuts ratings on Japan, 9 other countries


Paris - After upgrading many of its country ratings in 2010, Coface today announced 10 country rating downgrades, including those for Japan and several countries in the Middle East/North Africa region.

Coface has revised downwards its world growth forecast for 2011 from 3.4% to 3.2%, as a result of recent events in Japan, North Africa and the Middle East. Despite this downturn, the economic environment remains positive.

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