Coface Group

Economic Studies

The radical transformation of emerging country risk

by Yves Zlotowski.
 
The chief economist at Coface, highlights the radical transformation of risks in emerging countries. While traditional country risk (sovereign risk, external vulnerability) has appreciably declined, three new risks are appearing and need to be monitored: political instability, creeping protectionism and banking credit.
 
Coface publishes on this topic, a detailed study, which you can see on this site.

Last changes on country risk assessments

Country Previous assessment New assessment

Belgium

A2 Under negative watch list A3

France

A2 Under negative watch list A3

Netherlands

A2 Under negative watch list A3

Tunisia

A4 A4 Under negative watch list

158 country evaluations, drawn up on the basis of macroeconomic, financial and political data, are made freely available.
Regularly updated, they provide an estimate of the average credit risk on a country’s businesses. This is an invaluable tool, giving an indication of a country’s potential influence on businesses’ financial commitments.
 
Our evaluations are based on:
- our macroeconomic expertise in assessing country risk,
- our contextual business expertise,
- our microeconomic expertise built up over 60 years of payment experience.
 
Our analyses use a seven-level ranking. In ascending order of risk, these are: A1, A2, A3, A4, B, C and D.

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Last changes on country risk assessments

Countries under negative watch list
Countries under positive watch list
Country Previous assessment New assessment

Belgium

A2 A3

France

A2 A3

Netherlands

A2 A3

Economic publications

ECONOMIC KNOWLEDGE IN CONCENTRATED FORM

Coface’s “Panorama” publications aim to help businesses evaluate and guard against risks and make their decisions based on the most relevant, reliable and recent information.
 
Capitalising on the expertise of our economists, underwriters and specialists in business information and debt recovery, these publications have a dual objective: 
 
- provide the reader with regular statistical monitoring by means of a quarterly indicator;
- offer content for reflection and analysis by focusing on a particular theme.

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