Coface maintains A3 rating for Poland

French credit insurance company has maintained Poland's rating at the A3 level, unchanged since 2005 when it was increased from the A4 level (in a seven-degree scale). The A3 rating indicates that companies do not always stick to the deadlines, but the risk of insolvency is low. British, French and Irish firms, among others, were evaluated the same, Rzeczpospolita daily reported. Poland has lost its chance to improve the rating due to a decrease of exports caused by Russian embargo and slower GDP growth forecast for this year, according to Coface. The recent rating was presented at the 2015 Country Risk Conference. Coface is a credit insurance company present in 98 countries. Each quarter, Coface publishes its assessments of country risk for 160 countries, based on its knowledge of companies’ payment behavior and on the expertise of its 350 underwriters located close to clients and their debtors.