Country Ratings Table for Payment Default

A more in-depth explanation of the ratings: A1 – Steady political and economic environment is likely to further the already excellent payment record of companies. Very low risk probability. A2 – Political and economic stability is generally good. Although the payment record of companies is not as good as A1, the risk is still considered low. A3 – Unfavourable political or economic conditions MAY lead to a worsening of a payment record that is lower than that of A1 and A2. However, risk is still considered low. A4 – Negative political or economic conditions is likely to worsen a patchy payment record of companies within this country. However, risk level is considered acceptable. B – Unsteady political or economic conditions are likely to worsen an already poor payment record. C – Very unsteady political or economic conditions are likely to worsen an already bad payment record. D – Extremely unsteady political or economic conditions are likely to worsen an already very bad payment record. Important! The ratings should only be used as a guide, as a good company could be within a country with a poor/less favoured rating. Likewise, a poor company could be within a country with a good/highly favoured rating. It is therefore important to research the company as you would when trading with a company in the UK. Country Ratings You should use these country ratings as a guide only. Further research of the individual company is required to help you determine the payment risk more accurately. Albania D Algeria B Argentina D Australia A1 Austria A1 Bangladesh B Belarus D Belgium A1 Bolivia D Bosnia D Brazil B Bulgaria B Cameroon B Canada A1 Central African Rep. D Chile A3 China A3 Colombia B Costa Rica B Croatia A4 Cuba D Cyprus A3 Czech Republic A2 Denmark A1 Dominican Republic C Ecuador D Egypt B Estonia A3 Ethiopia C Finland A1 France A2 Gabon C Georgia D Germany A2 Ghana C Greece A2 Guinea D Hong Kong A2 Hungary A2 Iceland A1 India A4 Indonesia C Iran C Iraq D Ireland A1 Israel A4 Italy A2 Ivory Coast D Jamaica C Japan A2 Jordan B Kenya C Korea A2 Kuwait A2 Latvia A4 Libya C Lithuania A4 Luxembourg A1 Macedonia D Malaysia A2 Mali B Mauritius A3 Mexico A4 Moldova D Mongolia D Morocco A4 Nepal D Netherlands A2 New Zealand A1 Niger C Nigeria D Norway A1 Pakistan D Papua New Guinea B Paraguay D Peru B Philippines A4 Poland A4 Portugal A2 Qatar A2 Romania B Russia B Salvador B Saudi Arabia A4 Serbia Montenegro B Singapore A1 Slovakia A3 Slovenia A2 South Africa A4 Spain A1 Sri Lanka B Sweden A1 Switzerland A1 Taiwan A1 Thailand A3 Trinidad A3 Tunisia A4 Turkey B Ukraine C United Arab Emirates A2 UNITED KINGDOM A1 United States A1 Uruguay D Vietnam B Yemen C Zambia D Zimbabwe D 1. Country Ratings 2. Ratings Explained and Country Table