The risk classifications are defined exclusively for the purpose of setting the minimum premium rates for export operations supported under the State Guaranteed Credit Insurance and derive from the rules established in the OECD Arrangement. Country risk classifications are intended to reflect country risk and do not constitute sovereign risk classifications and therefore should not be compared with the sovereign risk classifications of financial rating agencies.

The Country Classification Table is applied by all Participants in the Arrangement who may additionally define Hedging Policies for each market, depending on their risk appetite.

If you would like information on the Hedging Policies currently in force, please contact our International Department.