COUNTRY RISK ASSESSMENT MAP

162 COUNTRIES UNDER BUSINESS DEFAULTING RISK A1 A2 A3 A4 B C D E

THE MAGNIFYING GLASS VERY LOW LOW SATISFACTORY REASONABLE FAIRLY HIGH HIGH VERY HIGH EXTREME

A UNIQUE METHODOLOGY
• Macroeconomic expertise in assessing country risk
• Comprehension of the business environment
• Microeconomic data collected over 70 years
of payment experience

DOWNGRADES

AMERICAS
Country
risk
Argentina D
Belize C
Bolivia C
Brazil C
Canada A3
Chile A4
Colombia B
Costa Rica C
Cuba E
Dominican Republic B
Ecuador D
El Salvador D
Guatemala D
Guyana D
Haiti D
Honduras D
Jamaica C
Mexico C
Nicaragua D
Panama B
Paraguay B
Peru A4
Suriname D
Trinidad and Tobago B
United States A3
Uruguay A4
Venezuela E
ASIA-PACIFIC
Country EUROPE AND CIS
risk
AFRICA Afghanistan E
Country Country
risk risk
Australia A3 Albania D Lithuania A4
Country Country
Bangladesh C Armenia D Luxembourg A2
risk risk
Cambodia C A2 North Macedonia C
Algeria D Libya E Austria
China B B Malta A2
Angola D Madagascar C Azerbaijan
Hong Kong SAR A3 C Moldova C
Benin B Malawi D Belarus
India B Montenegro C
Botswana B Mali D Belgium A3
Indonesia A4 Netherlands A2
Burkina Faso D Mauritius B Bosnia and Herzegovina D
Japan A2 Norway A2
Burundi E Mauritania C MIDDLE EAST Bulgaria B
Laos D Poland A4
Cameroon C Morocco B Croatia B
Malaysia A4 A4 Portugal A3
Cabo Verde C Mozambique D Cyprus
Country Maldives C
Central African Namibia C risk Czechia A4 Romania B
D Mongolia C
Republic Niger C Denmark A2 Russia C
Bahrain D
Chad D Myanmar D Estonia A3 Serbia B
Nigeria D Iraq E
Congo (Democratic Nepal C A2 Slovakia A4
D Rwanda A4 Iran E Finland
Republic of the) New Zealand A2
São Tomé and Principe D Israel A3 France A3 Slovenia A4
Congo (Republic of the) D Pakistan D
Senegal A4 Jordan C Georgia C Spain A3
Côte d’Ivoire B Papua New Guinea B
Sierra Leone D Kuwait A4 Germany A3 Sweden A2
Djibouti C Philippines B
South Africa C Lebanon D Greece B Switzerland A2
Egypt C Singapore A3
Sudan E Oman C Hungary A4 Tajikistan D
Eritrea E North Korea E
Tanzania C Palestinian Territories D Iceland A3 Turkey C
Ethiopia C South Korea A3
Togo C Qatar A4 Ireland A4 Turkmenistan D
Gabon C Sri Lanka C
Tunisia C Saudi Arabia C Italy B Ukraine D
Ghana B Taiwan A3
Uganda C Syria E Kazakhstan B United Kingdom A4
Guinea D Thailand A4
Zambia D United Arab Emirates A4 Kyrgyzstan D Uzbekistan B
Kenya B Timor Leste E
Zimbabwe E Yemen E Latvia A4
Liberia D Vietnam B