Country Risk Classifications of the Participants to the Arrangement on Officially Supported Export Credits

Valid as of: 31 January 2020

Country Classification
Code Current
ISO Alpha 3 Country Name (1) Previous Notes
Prevailing
1 AFG Afghanistan 7 7
2 ALB Albania 5 5
3 DZA Algeria 4 5
4 AND Andorra - - (9)
5 AGO Angola 6 6
6 ATG Antigua and Barbuda 7 7 (8)
7 ARG Argentina 7 7
8 ARM Armenia 6 6
9 ABW Aruba 4 4
10 AUS Australia - - (6)
11 AUT Austria - - (6) (7)
12 AZE Azerbaijan 5 5
13 BHS Bahamas 3 3
14 BHR Bahrain 5 5
15 BGD Bangladesh 5 5
16 BRB Barbados - - (5)
17 BLR Belarus 6 6
18 BEL Belgium - - (6) (7)
19 BLZ Belize - - (5)
20 BEN Benin 6 6 (8)
21 BTN Bhutan 6 6
22 BOL Bolivia 5 5
23 BIH Bosnia and Herzegovina 7 7
24 BWA Botswana 2 2
25 BRA Brazil 5 5
26 BRN Brunei Darussalam - - (5)
27 BGR Bulgaria 3 3
28 BFA Burkina Faso 7 7 (8)
29 BDI Burundi 7 7
30 CPV Cabo Verde 6 6
31 KHM Cambodia 6 6
32 CMR Cameroon 6 6 (8)
33 CAN Canada - - (6)
34 CAF Central African Republic 7 7 (8)
35 TCD Chad 7 7 (8)
36 CHL Chile - - (6)
37 CHN China (People’s Republic of) 2 2
38 COL Colombia 4 4
39 COM Comoros - - (5)
40 COG Congo 7 7 (8)
41 CRI Costa Rica 3 3
42 CIV Côte d’Ivoire 6 6 (8)
43 HRV Croatia 4 4
44 CUB Cuba 7 7
45 CUW Curaçao 5 5
46 CYP Cyprus - - (2) (7)
47 CZE Czech Republic - - (6)
48 PRK Democratic People's Republic of Korea 7 7

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classification/
 Country Risk Classifications of the Participants to the Arrangement on Officially Supported Export Credits
Valid as of: 31 January 2020
Country Classification
Code Current
ISO Alpha 3 Country Name (1) Previous Notes
Prevailing
49 COD Democratic Republic of the Congo 7 7
50 DNK Denmark - - (6)
51 DJI Djibouti 7 7
52 DMA Dominica - - (5)
53 DOM Dominican Republic 4 4
54 ECU Ecuador 6 6
55 EGY Egypt 5 5
56 SLV El Salvador 5 5 (8)
57 GNQ Equatorial Guinea 7 7 (8)
58 ERI Eritrea 7 7
59 EST Estonia - - (6) (7)
60 SWZ Eswatini 6 6
61 ETH Ethiopia 7 7
62 FJI Fiji 5 5
63 FIN Finland - - (6) (7)
64 FRA France - - (6) (7)
65 GAB Gabon 6 6 (8)
66 GMB Gambia 7 7
67 GEO Georgia 6 6
68 DEU Germany - - (6) (7)
69 GHA Ghana 6 6
70 GRC Greece - - (6) (7)
71 GRD Grenada - - (5)
72 GTM Guatemala 4 4
73 GIN Guinea 7 7
74 GNB Guinea-Bissau 7 7 (8)
75 GUY Guyana 6 6
76 HTI Haiti 7 7
77 HND Honduras 5 5
78 HKG Hong Kong (China) 2 2
79 HUN Hungary - - (6)
80 ISL Iceland - - (6)
81 IND India 3 3
82 IDN Indonesia 3 3
83 IRN Iran 6 7
84 IRQ Iraq 7 7
85 IRL Ireland - - (6) (7)
86 ISR Israel - - (3) (6)
87 ITA Italy - - (6) (7)
88 JAM Jamaica 6 6
89 JPN Japan - - (6)
90 JOR Jordan 5 5
91 KAZ Kazakhstan 5 5

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classification/
 Country Risk Classifications of the Participants to the Arrangement on Officially Supported Export Credits
Valid as of: 31 January 2020
Country Classification
Code Current
ISO Alpha 3 Country Name (1) Previous Notes
Prevailing
92 KEN Kenya 6 6
93 KIR Kiribati - - (5)
94 KOR Korea - - (6)
95 XKV Kosovo 7 6 (4)
96 KWT Kuwait 2 2
97 KGZ Kyrgyzstan 7 7
98 LAO Lao People’s Democratic Republic 7 7
99 LVA Latvia - - (6) (7)
100 LBN Lebanon 7 7
101 LSO Lesotho 6 6
102 LBR Liberia 7 7
103 LBY Libya 7 7
104 LIE Liechtenstein - - (5)
105 LTU Lithuania - - (7)
106 LUX Luxembourg - - (6) (7)
107 MAC Macau (China) 2 2
108 MDG Madagascar 7 7
109 MWI Malawi 7 7
110 MYS Malaysia 2 2
111 MDV Maldives 6 6
112 MLI Mali 7 7 (8)
113 MLT Malta - - (7)
114 MHL Marshall Islands - - (5)
115 MRT Mauritania 7 7
116 MUS Mauritius 3 3
117 MEX Mexico 3 3
118 FSM Micronesia - - (5)
119 MDA Moldova 7 7
120 MCO Monaco - - (9)
121 MNG Mongolia 6 6
122 MNE Montenegro 7 7
123 MAR Morocco 3 3
124 MOZ Mozambique 7 7
125 MMR Myanmar 6 6
126 NAM Namibia 5 5
127 NRU Nauru - - (5)
128 NPL Nepal 6 6
129 NLD Netherlands - - (6) (7)
130 NZL New Zealand - - (6)
131 NIC Nicaragua 7 7
132 NER Niger 7 7 (8)
133 NGA Nigeria 6 6
134 MKD Northern Macedonia 5 5
135 NOR Norway - - (6)
136 OMN Oman 4 5

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http://www.oecd.org/trade/topics/export-credits/arrangement-and-sector-understandings/financing-terms-and-conditions/country-risk-
classification/
 Country Risk Classifications of the Participants to the Arrangement on Officially Supported Export Credits
Valid as of: 31 January 2020
Country Classification
Code Current
ISO Alpha 3 Country Name (1) Previous Notes
Prevailing
137 PAK Pakistan 7 7
138 PLW Palau - - (5)
139 PAN Panama 4 4 (8)
140 PNG Papua New Guinea 6 6
141 PRY Paraguay 5 5
142 PER Peru 3 3
143 PHL Philippines 3 3
144 POL Poland - - (6)
145 PRT Portugal - - (6) (7)
146 QAT Qatar 3 3
147 ROU Romania 3 3
148 RUS Russia 4 4
149 RWA Rwanda 6 6
150 KNA Saint Kitts and Nevis - - (5)
151 LCA Saint Lucia - - (5)
152 VCT Saint Vincent and the Grenadines - - (5)
153 WSM Samoa - - (5)
154 SMR San Marino - - (9)
155 STP Sao Tome and Principe - - (5)
156 SAU Saudi Arabia 2 2
157 SEN Senegal 5 5 (8)
158 SRB Serbia 5 4
159 SYC Seychelles - - (5)
160 SLE Sierra Leone 7 7
161 SGP Singapore 0 0
162 SXM Sint Maarten - - (5)
163 SVK Slovak Republic - - (6) (7)
164 SVN Slovenia - - (6) (7)
165 SLB Solomon Islands - - (5)
166 SOM Somalia 7 7
167 ZAF South Africa 4 4
168 SSD South Sudan 7 7
169 ESP Spain - - (6) (7)
170 LKA Sri Lanka 6 6
171 SDN Sudan 7 7
172 SUR Suriname 6 6
173 SWE Sweden - - (6)
174 CHE Switzerland - - (6)
175 SYR Syrian Arab Republic 7 7
176 TWN Chinese Taipei 1 1
177 TJK Tajikistan 7 7
178 TZA Tanzania 6 6
179 THA Thailand 3 3
180 TLS Timor-Leste 6 6
181 TGO Togo 6 6 (8)

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http://www.oecd.org/trade/topics/export-credits/arrangement-and-sector-understandings/financing-terms-and-conditions/country-risk-
classification/
 Country Risk Classifications of the Participants to the Arrangement on Officially Supported Export Credits
Valid as of: 31 January 2020
Country Classification
Code Current
ISO Alpha 3 Country Name (1) Previous Notes
Prevailing
182 TON Tonga - - (5)
183 TTO Trinidad and Tobago 3 3
184 TUN Tunisia 5 6
185 TUR Turkey 5 5
186 TKM Turkmenistan 6 7
187 TUV Tuvalu - - (5)
188 UGA Uganda 6 6
189 UKR Ukraine 7 6
190 ARE United Arab Emirates 2 2
191 GBR United Kingdom - - (6)
192 USA United States - - (6)
193 URY Uruguay 3 3
194 UZB Uzbekistan 5 5
195 VUT Vanuatu - - (5)
196 VEN Venezuela 7 7
197 VNM Viet Nam 4 4
198 PSE West Bank and Gaza 7 7
199 YEM Yemen 7 7
200 ZMB Zambia 7 7
201 ZWE Zimbabwe 7 7
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 26 of the 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.

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