NZECO provides political (country) risk and commercial risk cover for Short-term trade credit and Export credit guarantee. We have country risk classification for a wide range of countries.

Select a region to see country information (risk rating and cover status) for countries in that region. Or use the Country list A to Z to browse an alphabetical list of countries.

Find out more about a country's risk rating.

Country Risk rating Cover status
Afghanistan 7 Off cover
Albania 6 Limited cover
Algeria 4 Limited cover
American Samoa 5 Limited cover
Angola 6 Limited cover
Antigua and Barbuda 7 Off cover
Argentina 6 Limited cover
Armenia 6 Limited cover
Australia 0 On cover
Austria 0 On cover
Azerbaijan 5 Limited cover
Bahamas 3 On cover
Bahrain 4 On cover
Bangladesh 5 Limited cover
Barbados 4 On cover
Belarus 6 Limited cover
Belgium 0 On cover
Belize 7 Off cover
Benin 6 Limited cover
Bhutan 6 Limited cover
Bolivia 5 Limited cover
Bosnia and Hercegovina 7 Limited cover
Botswana 2 On cover
Brazil 5 On cover
Brunei 2 On cover
Bulgaria 3 On cover
Cambodia 6 Limited cover
Cameroon 6 Limited cover
Canada 0 On cover
Cape Verde 6 Limited cover
Chad 7 Off cover
Chile 2 On cover
China 2 On cover
Chinese Taipei 1 On cover
Colombia 4 On cover
Congo, Dem. Rep 7 Off cover
Costa Rica 3 On cover
Côte d'Ivoire 6 Limited cover
Croatia 4 On cover
Cuba 7 Limited cover
Curacao 5 Limited cover
Cyprus 2 Limited cover
Czech Republic 0 On cover
Denmark 0 On cover
Djibouti 7 Limited cover
Dominican Republic 5 Limited cover
Ecuador 6 Limited cover
Egypt 6 Limited cover
El Salvador 5 Limited cover
Estonia 0 On cover
Ethiopia 7 Limited cover
Fiji 6 Limited cover
Finland 0 On cover
France 0 On cover
French Polynesia 3 Limited cover
Gabon 5 Limited cover
Georgia 6 Limited cover
Germany 0 On cover
Ghana 6 Limited cover
Greece 0 Off cover
Guatemala 4 Limited cover
Guinea 7 Off cover
Guyana 6 Off cover
Haiti 7 Limited cover
Honduras 5 Limited cover
Hong Kong 1 On cover
Hungary 4 On cover
Iceland 0 On cover
India 3 On cover
Indonesia 3 On cover
Iran 5 Limited cover
Iraq 7 Limited cover
Ireland 0 On cover
Israel 2 On cover
Italy 0 On cover
Jamaica 7 Limited cover
Japan 0 On cover
Jordan 5 On cover
Kazakhstan 6 Limited cover
Kenya 6 Limited cover
Korea, South 1 On cover
Kosovo 7 Off cover
Kuwait 2 On cover
Laos 7 Limited cover
Latvia 4 On cover
Lebanon 7 Limited cover
Lesotho 5 Limited cover
Liberia 7 Limited cover
Libya 7 Off cover
Lithuania 2 On cover
Macau 2 On cover
Macedonia 5 Limited cover
Madagascar 7 Limited cover
Malawi 7 Off cover
Malaysia 2 On cover
Maldives 6 Limited cover
Mali 7 Limited cover
Mauritius 3 On cover
Mexico 3 On cover
Mongolia 6 Limited cover
Montenegro 7 Limited cover
Morocco 3 On cover
Mozambique 6 Limited cover
Myanmar 7 Limited cover
Namibia 4 On cover
Nepal 6 Limited cover
Netherlands, The 0 On cover
New Caledonia 3 On cover
Nicaragua 7 Limited cover
Niger 7 Limited cover
Nigeria 6 Limited cover
Norway 0 On cover
Oman 4 On cover
Pakistan 7 Limited cover
Palestinian State 7 Limited cover
Panama 3 On cover
Papua New Guinea 6 Limited cover
Paraguay 5 Limited cover
Peru 3 On cover
Philippines, The 3 Limited cover
Poland 2 On cover
Portugal 0 On cover
Puerto Rico 2 On cover
Qatar 3 On cover
Romania 3 On cover
Russia 4 Limited cover
Rwanda 6 Limited cover
Samoa 6 Limited cover
Saudi Arabia 2 On cover
Senegal 6 Limited cover
Serbia 5 Limited cover
Seychelles 6 Limited cover
Sierra Leone 7 Limited cover
Singapore 0 On cover
Slovakia 0 On cover
Slovenia 0 On cover
Solomon Islands 7 Limited cover
Somalia 7 Off cover
South Africa 4 On cover
Spain 0 On cover
Sri Lanka 6 Limited cover
Sudan 7 Limited cover
Swaziland 6 Limited cover
Sweden 0 On cover
Switzerland 0 On cover
Syria 7 Off cover
Tanzania 6 Limited cover
Thailand 3 On cover
Timor-Leste, The 6 Limited cover
Togo 6 Limited cover
Tonga 6 Limited cover
Trinidad and Tobago 3 On cover
Tunisia 5 On cover
Turkey 4 On cover
Turkmenistan 6 Limited cover
Uganda 6 Limited cover
Ukraine 7 Limited cover
United Arab Emirates 2 On cover
United Kingdom 0 On cover
United States 0 On cover
Uruguay 3 Limited cover
Uzbekistan 6 Limited cover
Vanuatu 6 Limited cover
Venezuela 7 Off cover
Vietnam 5 Limited cover
Yemen 7 Off cover
Zambia 6 Limited cover
Zimbabwe 7 Off cover

Country premium groups

The categorisation of countries into premium groups 0 - 7 forms the basis for calculating NZECO's premium for political risk cover. A country rated 0 represents the lowest risk category, while 7 represents very high risk.

Political risk relates to a country's lack of foreign exchange - and therefore its ability to service its external debt - as well as the risks of losses arising from war, civil war, currency inconvertibility, imports or export prohibition.

Period of cover

OECD consensus arrangement

Under the OECD Consensus Arrangement (Arrangement on Guidelines for Officially Supported Export Credits) the maximum period of export credit cover for 'Category 1' (the richer) countries is 5 years with a possible extension to 8.5 years after prior notification in the OECD. The maximum term for countries in 'Category 2' is 10 years.

Ship building and aircraft purchases are covered by special rules with maximum repayment terms ranging between 5 to 12 years. The maximum period of credit for project finance is 14 years, while export credit cover for renewable energy and water projects has a maximum term of 15 years.

However, the specific period of cover offered by NZECO will be influenced by factors such as the level of credit offered to the international buyer, the assessed degree of political risk, and NZECO's National Interest criteria.