With Outlook Stable, the rating reflects Fitch's view of the strong probability of support for CSR from its parent, the Belgian state-owned credit insurer Credendo Export Credit Agency (CECA, formerly: Delcredere Ducroire
These three new vendor financing agreements are a secured facility for up to USD800m from Nokia Networks maturing in June 2021, which is backed by credit insurance provided by Finnvera plc, the export credit agency of Finland; a secured facility for up to USD750m from Samsung maturing in December 2022, which is backed by credit insurance provided by the Korea Trade Insurance Corporation (Ksure), the export credit agency of Korea; and a secured facility for up to USD250m from ALU maturing in December 2021, backed by credit insurance provided by Delcredere | Ducroire
(D/D), the export credit agency of Belgium.
47) Delcredere Ducroire
, "Country Risks", available at <http://www.
Two short-term export credit insurance companies - Ducroire
in Belgium and SACE BT in Italy - are going to have to pay back part of the aid granted by their respective state-owned parent entities.
BRUSSELS, Sept 15 (KUNA) -- The strong economic recovery of the United Arab Emirates (UAE) since 2011 should continue, bolstered by non-hydrocarbon sectors, according to a latest report published by the leading Belgian overseas export credit insurer, Ducroire
At the onset, Ducroire
Delcredere Country and Sector Risk Coordinator Ben Deboeck spent a portion of his keynote speech outlining the potentially "catastrophic" implications of a continued downward spiral in Spain.
The financing deal comprises a 13-year $401 million loan which will amortise over 10 years, starting 2015, and is guaranteed by the official government export credit agencies of Belgium (The Office National du Ducroire
or ONDD) and France's COFACE.
5 million, backed by the official Belgian export credit agency Office National du Ducroire
, should be available by early 2001, a Belgian bank official said.
The ratings also reflect the implicit support provided by the company's majority shareholder, Office national du ducroire
| Nationale Delcrederedienst (ONDD).
to a report published by the Belgian credit and finance house Ducroire
Under the notified scheme, Ducroire
Luxembourg, the export credit agency concerned, will provide export credit insurance to complement insurance policies taken out with private insurance companies.
Her career as an international credit manager really began when she became a credit insurer for the Office National du Ducroire
- a publicly-owned Belgium credit insurance establishment similar to Eximbank in the U.