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.

Assessments 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 157 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

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Country Risk Assessment comparison table

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List of countries on the watchlist

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

Currently 1 country under positive watch, and 4 countries under negative watch.

Consult the entire list of countries under watch
Country risk assessment 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 assessment can intervene without putting on under surveillance took place beforehand.

News

Past news

Risk overview: Growth forecasts - And if Greece were to quit the eurozone? - Towards a new oil shock? - Modifications, countries under watch list and assessments of major economies.
(Mi, 2 Mai 2012)
World growth forecasts updated - April 2012
(Di, 24 Apr 2012)
Country risk assessments review : Improvement in Japan and the United States, but euro zone risk on the rise
(Mo, 23 Apr 2012)
The construction sector: persistent credit risk in most countries
(Di, 24 Jan 2012)

Last changes on country @rating
Country	Previous assessment	New assessment
Argentina	C	C
Australia	A1	A1
Ghana	C	B
Iceland	A4	A4
Japan	A1	A1
Mali	C	D
Mozambique	B	C
New-Zeland	A1	A1
Portugal	A4	B
Sierra Leone	D	C
Slovenia	A2	A3
South Africa	A3	A3
Tunisia	A4	A4
Ukraine	D	D
United States	A2	A2
Venezuela	C	C

Country under positive watch

Country under negative watch