Hardly a day goes by without reading something negative in the press about the ratings provided by large agencies. Be it Standard & Poor´s lowering their outlook for Greece or Moody´s warning to the EU about a downgrade, the ripple effects of the banking and financial crisis reach far and wide. And there is no end in sight.
Which makes it particularly gratifying when things go the other way for a change. Coface Deutschland has given Klaus Faber AG 9 of 10 possible points in its latest credit rating, thereby attesting to its ″Investment Grade″ and extremely low risk, with a default probability of just 0.05 %. This once more emphatically documents how future-oriented, firmly rooted and down-to-earth our position is in a market that will not remain immune to the global economic upheavals, naturally.
Good to know! For us and our customers!