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

Consult risk assesments by country

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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 5 country under positive watch, and 9 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

The construction sector: persistent credit risk in most countries
(Tue, Jan 24 2012)
View the videos of the 2012 Coface France Country Risk Conference speeches and debates
(Tue, Jan 17 2012)
Update of Coface Country Risk Assessment Map - January 2012
(Mon, Jan 16 2012)
Coface Country Risk: Companies’ solidity already impacted by the systemic crisis in Europe and political risks in emerging countries
(Mon, Jan 16 2012)

Last changes on country @rating
Country	Previous assessment	New assessment
Croatia	A4	B
Czech Rep.	A2	A2
Egypt	B	C
Ghana	C	C
Hungary	A4	B
Italy	A3	A4
Mongolia	D	C
Nigeria	D	D
Sierra Leone	D	D
Slovakia	A3	A3
Slovenia	A2	A2
Spain	A3	A4
Syria	C	D

Country under positive watch

Country under negative watch