COUNTRY RISK

RATINGS
Q2 2020
GREENLAND
ECONOMIC RESEARCH

Alaska ICELAND
US

FINLAND
NORWAY

SWEDEN
ESTONIA
R U S S I A
UNITED
KINGDOM DENMARK LATVIA
CANADA
LITHUANIA
RUSSIA
POLAND BELARUS
IRELAND

6
THENETHERLANDS
GERMANY
BELGIUM
CZECH
LUX. REPUBLIC
SLOVAKIA UKRAINE K A Z A K H S T A N
FRANCE MOLDOVA
SWITZERLAND AUSTRIA HUNGARY MONGOLIA
SLOVENIA ROMANIA
CROATIA
ITALY
BOSNIA- SERBIA
HERZEGOVINA BULGARIA
ANDORRA MONTENEGRO
GEORGIA KYRGYZSTAN NORTH
COUNTRIES WITH PORTUGAL
ALBANIA NORTH
MACEDONIA
ARMENIA AZERBAIJAN
UZBEKISTAN
KOREA
SPAIN
UNITEDSTATES DOWNGRADED RATINGS TURKEY TURKMENISTAN TAJIKISTAN
SOUTH JAPAN
SANMARINO
MALTA GREECE CYPRUS
CHINA KOREA
SYRIA AFGHANISTAN
TUNISIA LEBANON
MOROCCO IRAQ I R A N
ISRAEL JORDAN

PERU KUWAIT
PAKISTAN NEPAL
ALGERI A BAHRAIN BHUTAN
LIBYA QATAR
EGYPT INDIA
MEXICO
BAHAMAS BB1 BB2 SAUDI UAE TAIWAN
ARABIA OMAN MYANMAR VIETNAM
CUBA BANGLADESH
LAO PDR
DOMINICANREPUBLIC
PUERTORICOUS ANTIGUA&BARBUDA MAURITANIA HONGKONG
GUADELOUPE N I GER SUDAN
BELIZE
HONDURAS
JAMAICA HAITI SAINTKITTS
&NEVIS
DOMINICA
MARTINIQUE DOMINICAN CAPE
VERDE SENEGAL
MALI
CHAD
ERYTREA YEMEN
THAILAND
MACAU

STLUCIA
GUATEMALA
ELSALVADOR
NICARAGUA
BARBADOS
SAINTVINCENT&GRENADINES
REPUBLIC GAMBIA
GUINEABISSAU
BURKINA
FASO DJIBOUTI
CAMBODIA
REPUBLICOF
GRENADA GUINEA BENIN NIGERIA THEPHILIPPINES MARSHALL
PANAMA TRINIDAD&TOBAGO
COSTARICA SIERRA CÔTE TOGO CENTRAL ISLANDS
VENEZUELA
FRENCH B1 B2 LEONE D’IVOIRE
GHANA AFRICAN
REPUBLIC
SOUTH
SUDAN
ETHIOPIA
SRILANKA BRUNEI
MICRONESIA
GUYANA

GUIANA PALAU
SURINAME

LIBERIA CAMEROON

MALDIVES
EQUATORIAL MALAYSIA
REPUBLIC SOMALIA
COLOMBIA GUINEA OF UGANDA
CONGO
SAOTOME&P. REPUBLIC KENYA PAPUA
ECUADOR
GUATEMALA GABON
DEMOCRATIC
REPUBLIC
RWANDA
BURUNDI
NEWGUINEA REPUBLIC
OFNAURU
OF CONGO SINGAPORE
Low risk B1 B2 TANZANIA SEYCHELLES INDONESIA

BRAZIL TIMOR-LESTE SOLOMON STATE

OFTUVALU
ISLANDS
PERU COMOROS
ANGOLA

MALAW
SAMOA
Medium risk ZAMBIA
GHANA REPUBLIC

I
OFVANUATU

E
QU
BOLIVIA BI

SCAR
ZIMBABWE
REPUBLIC TONGA

MOZAM
NAMIBIA MAURITIUS
B2

A
C3 OFFIJI

MADAG
REUNION
Sensitive risk
PAR

BOTSWANA NEW
ISLAND
CHILE
AGU

CALEDONIA
AUSTRALIA
AY

ESWATINI
FRENCH
OMAN SOUTH LESOTHO
POLYNESIA
High risk AFRICA

URUGUAY B2 C3
ARGENTINA
Improved rating NEW
ZEALAND
PHILIPPINES
Deteriorated rating
B1 B2
Source: Euler Hermes, as of June 25, 2020 FALKLAND
ISLANDS
DISCLAIMER
These assessments are, as always, subject to the disclaimer provided below.
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to change without notice. Euler Hermes SA is authorised and regulated by the Financial Markets Authority of France.
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