To provide a coating composition with which a coating film excellent in the moisture resistance, the weather resistance and the corrosion resistance can be formed by a single application and removal of an organic solvent, a method for producing such a coating film, and a coated article having a coating film obtainable by it.A coating composition comprising an organic solvent, a coating resin soluble or dispersible in the organic solvent, and a leafing aluminum pigment, wherein the surface tension of the organic solvent at 20° C. is from 10 to 22 mN/m, and a method for producing a coating film, which comprises applying the coating composition to a substrate, and removing the organic solvent in the coating composition.