Country Risk Classifications
of the Participants to the Arrangement on Officially Supported Export Credits
Valid as of: 11 March 2022
Classification
nb
Country Code
ISO Alpha 3
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
AFG
ALB
DZA
AND
AGO
ATG
ARG
ARM
ABW
AUS
AUT
AZE
BHS
BHR
BGD
BRB
BLR
BEL
BLZ
BEN
BTN
BOL
BIH
BWA
BRA
BRN
BGR
BFA
BDI
CPV
KHM
CMR
CAN
CAF
TCD
CHL
CHN
COL
COM
COG
Country Name (1)
Afghanistan
Albania
Algeria
Andorra
Angola
Antigua and Barbuda
Argentina
Armenia
Aruba
Australia
Austria
Azerbaijan
Bahamas
Bahrain
Bangladesh
Barbados
Belarus
Belgium
Belize
Benin
Bhutan
Bolivia
Bosnia and Herzegovina
Botswana
Brazil
Brunei Darussalam
Bulgaria
Burkina Faso
Burundi
Cabo Verde
Cambodia
Cameroon
Canada
Central African Republic
Chad
Chile
China (People’s Republic of)
Colombia
Comoros
Congo
Previous
Current
Prevailing
7
5
5
6
7
7
6
6
4
4
6
5
6
6
6
6
7
3
5
3
7
7
6
6
6
7
7
2
4
7
7
5
5
6
7
7
6
6
4
4
6
5
7
6
6
6
7
3
5
3
7
7
6
6
6
7
7
2
4
7
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Notes
(9)
(8)
(6)
(6) (7)
(5)
(6) (7)
(5)
(8)
(5)
(8)
(8)
(6)
(8)
(8)
(6)
(5)
(8)
Country Risk Classifications
of the Participants to the Arrangement on Officially Supported Export Credits
Valid as of: 11 March 2022
Classification
nb
Country Code
ISO Alpha 3
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
CRI
CIV
HRV
CUB
CUW
CYP
CZE
PRK
COD
DNK
DJI
DMA
DOM
ECU
EGY
SLV
GNQ
ERI
EST
SWZ
ETH
FJI
FIN
FRA
GAB
GMB
GEO
DEU
GHA
GRC
GRD
GTM
GIN
GNB
GUY
HTI
HND
HKG
HUN
ISL
Country Name (1)
Costa Rica
Côte d’Ivoire
Croatia
Cuba
Curaçao
Cyprus
Czech Republic
Democratic People's Republic of Korea
Democratic Republic of the Congo
Denmark
Djibouti
Dominica
Dominican Republic
Ecuador
Egypt
El Salvador
Equatorial Guinea
Eritrea
Estonia
Eswatini
Ethiopia
Fiji
Finland
France
Gabon
Gambia
Georgia
Germany
Ghana
Greece
Grenada
Guatemala
Guinea
Guinea-Bissau
Guyana
Haiti
Honduras
Hong Kong (China)
Hungary
Iceland
Previous
Current
Prevailing
4
5
4
7
5
7
7
7
4
6
5
6
7
7
6
7
5
6
7
6
6
4
7
7
6
7
5
2
-
4
5
4
7
5
7
7
7
4
6
5
6
7
7
6
7
5
6
7
6
6
4
7
7
6
7
5
2
-
Page 2 - (11-03-2022)
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Notes
(8)
(2) (7)
(6)
(6)
(5)
(8)
(8)
(6) (7)
(6) (7)
(6) (7)
(8)
(6) (7)
(6) (7)
(5)
(8)
(6)
(6)
Country Risk Classifications
of the Participants to the Arrangement on Officially Supported Export Credits
Valid as of: 11 March 2022
Classification
nb
Country Code
ISO Alpha 3
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
IND
IDN
IRN
IRQ
IRL
ISR
ITA
JAM
JPN
JOR
KAZ
KEN
KIR
KOR
XKV
KWT
KGZ
LAO
LVA
LBN
LSO
LBR
LBY
LIE
LTU
LUX
MAC
MDG
MWI
MYS
MDV
MLI
MLT
MHL
MRT
MUS
MEX
FSM
MDA
MCO
Country Name (1)
India
Indonesia
Iran
Iraq
Ireland
Israel
Italy
Jamaica
Japan
Jordan
Kazakhstan
Kenya
Kiribati
Korea
Kosovo
Kuwait
Kyrgyzstan
Lao People’s Democratic Republic
Latvia
Lebanon
Lesotho
Liberia
Libya
Liechtenstein
Lithuania
Luxembourg
Macau (China)
Madagascar
Malawi
Malaysia
Maldives
Mali
Malta
Marshall Islands
Mauritania
Mauritius
Mexico
Micronesia
Moldova
Monaco
Previous
Current
Prevailing
3
3
7
7
6
5
5
6
6
2
7
7
7
6
7
7
7
7
2
7
7
7
3
3
7
-
3
3
7
7
6
5
5
6
6
2
7
7
7
6
7
7
7
7
2
7
7
7
3
3
7
-
Page 3 - (11-03-2022)
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Notes
(6) (7)
(3) (6)
(6) (7)
(6)
(5)
(6)
(4)
(6) (7)
(5)
(6) (7)
(6) (7)
(5)
(8)
(7)
(5)
(5)
(9)
Country Risk Classifications
of the Participants to the Arrangement on Officially Supported Export Credits
Valid as of: 11 March 2022
Classification
nb
Country Code
ISO Alpha 3
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
MNG
MNE
MAR
MOZ
MMR
NAM
NRU
NPL
NLD
NZL
NIC
NER
NGA
MKD
NOR
OMN
PAK
PLW
PAN
PNG
PRY
PER
PHL
POL
PRT
QAT
ROU
RUS
RWA
KNA
LCA
VCT
WSM
SMR
STP
SAU
SEN
SRB
SYC
SLE
Country Name (1)
Mongolia
Montenegro
Morocco
Mozambique
Myanmar
Namibia
Nauru
Nepal
Netherlands
New Zealand
Nicaragua
Niger
Nigeria
Northern Macedonia
Norway
Oman
Pakistan
Palau
Panama
Papua New Guinea
Paraguay
Peru
Philippines
Poland
Portugal
Qatar
Romania
Russia
Rwanda
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines
Samoa
San Marino
Sao Tome and Principe
Saudi Arabia
Senegal
Serbia
Seychelles
Sierra Leone
Previous
Current
Prevailing
7
7
3
7
7
6
6
7
7
6
5
5
7
4
6
5
3
3
3
3
4
6
2
5
4
7
7
7
3
7
7
6
6
7
7
6
5
5
7
4
6
5
3
3
3
3
7
6
2
5
4
7
Page 4 - (11-03-2022)
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Notes
(5)
(6) (7)
(6)
(8)
(6)
(5)
(8)
(6)
(6) (7)
(5)
(5)
(5)
(5)
(9)
(5)
(8)
(5)
Country Risk Classifications
of the Participants to the Arrangement on Officially Supported Export Credits
Valid as of: 11 March 2022
Classification
nb
Country Code
ISO Alpha 3
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186
187
188
189
190
191
192
193
194
195
196
197
198
199
200
SGP
SXM
SVK
SVN
SLB
SOM
ZAF
SSD
ESP
LKA
SDN
SUR
SWE
CHE
SYR
TWN
TJK
TZA
THA
TLS
TGO
TON
TTO
TUN
TUR
TKM
TUV
UGA
UKR
ARE
GBR
USA
URY
UZB
VUT
VEN
VNM
PSE
YEM
ZMB
Country Name (1)
Singapore
Sint Maarten
Slovak Republic
Slovenia
Solomon Islands
Somalia
South Africa
South Sudan
Spain
Sri Lanka
Sudan
Suriname
Sweden
Switzerland
Syrian Arab Republic
Chinese Taipei
Tajikistan
Tanzania
Thailand
Timor-Leste
Togo
Tonga
Trinidad and Tobago
Tunisia
Turkey
Turkmenistan
Tuvalu
Uganda
Ukraine
United Arab Emirates
United Kingdom
United States
Uruguay
Uzbekistan
Vanuatu
Venezuela
Viet Nam
West Bank and Gaza
Yemen
Zambia
Previous
Current
Prevailing
0
7
4
7
7
7
7
7
1
7
6
3
6
6
3
6
5
7
6
6
2
3
5
7
4
7
7
7
0
7
4
7
7
7
7
7
1
7
6
3
6
6
3
6
5
7
6
6
2
3
5
7
4
7
7
7
Page 5 - (11-03-2022)
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Notes
(5)
(6) (7)
(6) (7)
(5)
(6) (7)
(6)
(6)
(8)
(5)
(5)
(6)
(6)
(5)
Country Risk Classifications
of the Participants to the Arrangement on Officially Supported Export Credits
Valid as of: 11 March 2022
Classification
nb
Country Code
ISO Alpha 3
201
ZWE
Country Name (1)
Zimbabwe
Previous
Current
Prevailing
7
7
Notes
Notes
(1)
This document and any map included herein are without prejudice to the status of or sovereignty over any territory, to the delimitation
of international frontiers and boundaries and to the name of any territory, city or area.
(2)
Footnote by Turkey
The information in this document with reference to “Cyprus” relates to the southern part of the Island. There is no single authority
representing both Turkish and Greek Cypriot people on the Island. Turkey recognises the Turkish Republic of Northern Cyprus (TRNC).
Until a lasting and equitable solution is found within the context of the United Nations, Turkey shall preserve its position concerning the
“Cyprus issue”.
Footnote by all the European Union Member States of the OECD and the European Commission
The Republic of Cyprus is recognised by all members of the United Nations with the exception of Turkey. The information in this
document relates to the area under the effective control of the Government of the Republic of Cyprus.
(3)
The statistical data for Israel are supplied by and under the responsibility of the relevant Israeli authorities. The use of such data by the
OECD is without prejudice to the status of the Golan Heights, East Jerusalem and Israeli settlements in the West Bank under the terms of
international law.
(4)
This designation is without prejudice to positions on status, and is in line with United Nations Security Council Resolution 1244/99 and
the Advisory Opinion of the International Court of Justice on Kosovo’s declaration of independence.
(5)
Currently not reviewed or classified.
(6)
High Income OECD Country not reviewed or classified.
(7)
High Income Euro Area Country not reviewed or classified.
(8)
According to article 24 of the 2020 Arrangement, for all countries classified through the county risk classification methodology, the risk
of the sovereign is also assessed in order to identify, on an exceptional basis, sovereigns that are: (1) not the lowest risk obligor in the
country and (2) whose credit risk is significantly higher than country risk.
(9)
European micro-state that uses the euro through monetary agreement with the European Union not reviewed or classified.
Page 6 - (11-03-2022)
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