Coface and US Ex-Im compete for satellite industry subsidies

(SpaceNews, Paris, 12 November 2014) The French government will reform its Coface export-credit agency to enable it to offer financial backing to satellite projects at the same rates as its American counterpart... Coface used to dominate export credits for satellite projects. But in the past five years the U.S. Export-Import Bank, aided by the arrival of a commercially competitive launch services provider, Space Exploration Technologies Corp., has surpassed Coface in total financing commitments.