Country Risk

What’s the average level of short-term non-payment risk associated with companies in a particular country?

The Country @rating assigned by Coface reflects the extent to which a country’s economic, financial, and political outlook influences financial commitments of local companies.

Ratings are based on threefold expertise developed by Coface :
- macroeconomic expertise in assessing country risk
- expertise on business environment
- microeconomic expertise with 50 years experience with payment in trade flows.

Coface Country @ratings for 165 countries are available and updated regularly on this website. They can be accessed freely for consultation purposes.

However, international trade actors know that sound companies can operate in risky countries and unsound companies in less-risky countries and that overall risk will depend not only on a company’s qualities but also on those of the country in which it operates. In assessing overall risk associated with a particular operation, Country @ratings are thus complementary to @rating Credit Opinions on companies.

Learn more about our methodology

Consult risk assesments by country

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Country rating comparison table

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List of countries on the watchlist

A rating placed under watch (positive or negative) opens a limited time period where Coface finalizes his position about a country.

Currently 17 country under positive watch, and 11 countries under negative watch.

Consult the entire list of countries under watch
Ratings can be placed under surveillance to warn that there is a possibility of a short-term modification. It does not mean however that it is inevitable and that it goes to the announced direction. Also a change of rating can intervene without putting on under surveillance took place beforehand.

News

Past news

Country Risk Overview update: country rating evolutions, country analysis and forecasts.
(mié, 28 jul 2010)
Automotive in France: focus with the Coface Risk Underwriting Department stressing the persistent uncertainties in the second half of 2010
(vie, 9 jul 2010)
Automotive in China: a close-up with Coface Greater China shedding some light on the sector's main characteristics and the business environment in 2010
(jue, 8 jul 2010)
Coface Country Ratings Map
(mar, 6 jul 2010)

Last changes on country @rating
Country	Previous rating	New rating
Japan	A2	A1
Switzerland	A1	A1
United Kingdom	A3	A3
Greece	A3	A4
Estonia	A4	A4
Lithuania	A4	A4
Turkey	B	B
Ukraine	D	D
Singapore	A2	A1
Hong-Kong	A2	A2
Taiwan	A2	A2
Costa Rica	A4	A4
Panama	A4	A4
Brazil	A4	A4
El Salvador	B	B
Guatemala	B	B
Peru	B	B
Dominican Republic	B	B
Uruguay	B	B
Ecuador	C	C
Bolivia	D	D

Country under positive watch list

Country under negative watch list

COFACE VIETNAM SERVICES

Country Risk

Consult risk assesments by country

Country rating comparison table

List of countries on the watchlist

News