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 2 country under positive watch, and 8 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

World growth forecasts updated - April 2013
(Mon, 29 Apr 2013)
The gap between Europe and the rest of the world is widening with regard to sector risk
(Thu, 18 Apr 2013)
Transformation of emerging country risk
(Wed, 20 Mar 2013)
The radical transformation of emerging country risk, by Yves Zlotowski, chief economist at Coface.
(Wed, 20 Mar 2013)

Last changes on country @rating
Country	Previous assessment	New assessment
Belgium	A2	A3
France	A2	A3
Netherlands	A2	A3
Tunisia	A4	A4

Country under positive watch

Country under negative watch