COUNTRY RISK ASSESSMENT MAP

162 COUNTRIES UNDER BUSINESS DEFAULTING RISK A1 A2 A3 A4 B C D E

THE MAGNIFYING GLASS VERY LOW LOW SATISFACTORY REASONABLE FAIRLY HIGH HIGH VERY HIGH EXTREME

A UNIQUE METHODOLOGY UPGRADES DOWNGRADES

• Macroeconomic expertise in assessing country risk

• Comprehension of the business environment
• Microeconomic data collected over 70 years
of payment experience
GROENLAND
(DENMARK)

ICELAND
FINLAND
NORWAY RUSSIA
SWEDEN
ESTONIA

LATVIA
UNITED KINGDOM
CANADA LITHUANIA

IRELAND BELARUS
POLAND
BELGIUM
GERMANY
CZECH
REPUBLIC UKRAINE
KAZAKHSTAN
SLOVAKIA

FRANCE AUSTRIA
HUNGARY
MONGOLIA
MOLDOVIA
SWITZERLAND
SLOVENIA
ROMANIA

ITALY
BOSNIA SERBIA

BULGARIA
B UZBEKISTAN
GEORGIA
KYRGYZSTAN NORTH
SPAIN ARMENIA AZERBAIJAN
UNITED STATES PORTUGAL KOREA

A2
GREECE
TURKEY TURKMENISTAN
TAJIKISTAN JAPAN
KOSOVO
SOUTH

C
MALTA KOREA
CYPRUS SYRIA
TUNISIA LEBANON
ISRAEL IRAN AFGHANISTAN
MOROCCO ALGERIA PALESTINIAN IRAQ
TERRITORIES
JORDAN CHINA
PAKISTAN NEPAL
KUWAIT
LIBYA
MEXICO C EGYPT
BAHRAIN
QATAR
CUBA A3 TAIWAN

A1 DOMINICAN SAUDI OMAN

INDIA
MYANMAR HONG KONG
B
REPUBLIC ARABIA
ICELAND LAOS
JAMAICA MAURITANIA
BANGLADESH
BELIZE MALI NIGER
HAITI
NORWAY HONDURAS ERITREA

FINLAND
A2 CABO VERDE SENEGAL CHAD SUDAN
YEMEN UNITED
ARAB
THAILAND PHILIPPINES

GUATEMALA NICARAGUA BURKINA EMIRATES

EL SALVADOR FASO
SWEDEN DJIBOUTI
VIETNAM
A3 TRINIDAD AND TOBAGO GUINEA BENIN
GUINEA-BISSAU CAMBODIA
ESTONIA
RUSSIA
COSTA RICA
VENEZUELA GUYANA IVORY NIGERIA
CENTRAL SOUTH ETHIOPIA
COAST SRI LANKA
PANAMA SURINAME SIERRA LEONE AFRICAN SUDAN

A3
LATVIA REPUBLIC MALAYSIA
DENMARK A3 FRENCH
GUYANA CAMEROON
A3
MALDIVES
COLOMBIA LIBERIA GHANA TOGO
A2
LITHUANIA

A2
SINGAPORE
UGANDA
SAO TOME

A2
NETHERLANDS & PRINCIPE KENYA
BELARUS CONGO
IRELAND UNITED
KINGDOM
A3 POLAND
ECUADOR EQUATORIAL GUINEA
GABON
DR CONGO
RWANDA
INDONESIA

GERMANY BURUNDI
BELGIUM
A2 LUXEMBOURG
CZECH
REPUBLIC
A3 UKRAINE
PERU
BRAZIL
A1
TANZANIA PAPUA
SLOVAKIA NEW GUINEA
TIMOR-LESTE
MOLDOVA
SWITZERLAND AUSTRIA HUNGARY ANGOLA
FRANCE SLOVENIA ROMANIA
A3 CROATIA
ZAMBIA
MALAWI

A1 A3
BOSNIA
SERBIA BOLIVIA

A4
ZIMBABWE
A2 A2
ITALY
MONTENEGRO
BULGARIA
NAMIBIA
MADAGASCAR
MAURITIUS
MACEDONIA
PARAGUAY MOZAMBIQUE ILE DE LA RÉUNION
ALBANIA BOTSWANA
AUSTRALIA
PORTUGAL SPAIN A4 GREECE
TURKEY
CHILE

SOUTH
AFRICA
ARGENTINA LESOTHO
MALTA

URUGUAY
CYPRUS

NEW ZEALAND