Country Ratings: Asia
Up-to-the-minute, worldwide country risk analyses are produced by the internal Country Risk Unit of the Euler Hermes Group. These country specialists monitor political and economic developments across the globe on an ongoing basis. You can read their reports here at any time and with up-to-date assessments.
Here you can find up-to-the-minute information on countries in Asia. You can download PDF files on the countries concerned.
Please consider the notes at the end of this page.
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Euler Hermes Country Ratings (PDF)
Bahrain
Brunei
Cambodia
China
Hong Kong
India
Indonesia
Iran
Iraq
Israel
Jordan
Kazakhstan
Korea, Dem. Rep.
Korea, Rep.
Kuwait
Kyrgyzstan
Laos
Bangladesh
Bhutan
Brunei
Cambodia
China
Hong Kong
Indonesia
Iraq
Israel
Kazakhstan
Korea, DPR
Kyrgyzstan
Laos
Lebanon
Macao
Afghanistan
as per 6/2011
Bahrain
as per 4/2012
Country Grade: B
Significant external transfer & convertibility risk and below average business environment.
Financial Flow Indicator (FFI) / Cyclical Risk Indicator (CRI): M3
Low vulnerability risk. Acceptable cyclical risk, but some uncertainty.
Brief information dated 25 April 2012
Bangladesh
as per 6/2011
Country Grade: D
Very high external transfer & convertibility risk and weak business environment.
Country Review dated 27 August 2010
Bhutan
as per 6/2011
Country Grade: C
High external transfer & convertibility risk and well below average business environment.
Country Review dated 10 September 2010
Brunei
as per 6/2011
Country Grade: BB
Moderate external transfer & convertibility risk and sound, above average business environment.
Brief information dated 10 February 2010
Country Review dated 25 January 2010
Cambodia
as per 6/2011
Country Grade: D
Very high external transfer & convertibility risk and weak business environment.
Brief information dated 26 August 2009
Country Review dated 20 August 2009
China
as per 4/2012
Country Grade: B
Significant external transfer & convertibility risk and below average business environment.
Financial Flow Indicator (FFI) / Cyclical Risk Indicator (CRI): L2
Low vulnerability risk. Acceptable cyclical risk, but some uncertainty.
Brief information dated 18 April 2012
Country Review dated 23 August 2011
Hong Kong
as per 3/2012
Country Grade: A
Low external transfer & convertibility risk and strong business environment.
Financial Flow Indicator (FFI) / Cyclical Risk Indicator (CRI): L2
Low vulnerability risk. Acceptable cyclical risk, but some uncertainty.
Brief information dated 29 March 2012
Country Review dated 8 November 2010
India
as per 4/2012
Country Grade: B
Significant external transfer & convertibility risk and below average business environment.
Financial Flow Indicator (FFI) / Cyclical Risk Indicator (CRI): M1
Significant vulnerability risk. Low cyclical risk.
Brief information dated 18 April 2012
Indonesia
as per 2/2012
Country Grade: C
High external transfer & convertibility risk and well below average business environment.
Financial Flow Indicator (FFI) / Cyclical Risk Indicator (CRI): L1
Low vulnerability risk. Low cyclical risk.
Brief information dated 8 February 2012
Country Review dated 8 November 2010
Iran
as per 1/2012
Country Grade: D
Very high external transfer & convertibility risk and weak business environment.
Brief information dated 12 January 2012
Iraq
as per 6/2011
Country Grade: D
Very high external transfer & convertibility risk and weak business environment.
Brief information dated 7 April 2010
Country Review dated 8 April 2010
Israel
as per 8/2011
Country Grade: BB
Moderate external transfer & convertibility risk and sound, above average business environment.
Financial Flow Indicator (FFI) / Cyclical Risk Indicator (CRI): L1
Low vulnerability risk. Low cyclical risk.
Brief information dated 24 August 2011
Country Review dated 28 May 2010
Japan
as per 2/2012
Country Grade: AA
Very low external transfer & convertibility risk and very strong business environment.
Financial Flow Indicator (FFI) / Cyclical Risk Indicator (CRI): M2
Significant vulnerability risk. Acceptable cyclical risk, but some uncertainty.
Brief information dated 15 February 2012
Jordan
as per 10/2011
Country Grade: B
Significant external transfer & convertibility risk and below average business environment.
Brief information dated 19 October 2011
Kazakhstan
as per 2/2012
Country Grade: D
Very high external transfer & convertibility risk and weak business environment.
Brief information dated 29 February 2012
Country Review dated 16 May 2011
Korea, Democratic People Republic
as per 12/2011
Country Grade: D
Very high external transfer & convertibility risk and weak business environment.
Brief information dated 21 December 2011
Country Review dated 12 October 2010
Korea, Republic
as per 4/2012
Country Grade: BB
Moderate external transfer & convertibility risk and sound, above average business environment.
Financial Flow Indicator (FFI) / Cyclical Risk Indicator (CRI): L2
Low vulnerability risk. Acceptable cyclical risk, but some uncertainty.
Brief information dated 18 April 2012
Country Review dated 1 April 2010
Kuwait
as per 4/2012
Country Grade: BB
Moderate external transfer & convertibility risk and sound, above average business environment.
Financial Flow Indicator (FFI) / Cyclical Risk Indicator (CRI): L2
Low vulnerability risk. Acceptable cyclical risk, but some uncertainty.
Brief information dated 25 April 2012
Kyrgyzstan
as per 7/2011
Country Grade: D
Very high external transfer & convertibility risk and weak business environment.
Brief information dated 14 April 2010
Country Review dated 7 July 2011
Laos
as per 6/2011
Country Grade: D
Very high external transfer & convertibility risk and weak business environment.
Brief information dated 16 September 2009
Country Review dated 19 August 2009
Lebanon
as per 7/2011
Country Grade: D
Very high external transfer & convertibility risk and weak business environment.
Brief information dated 6 July 2011
Country Review dated 26 October 2009
Macao (RC)
as per 6/2011
Country Grade: A
Low external transfer & convertibility risk and strong business environment.
Brief information dated 28 October 2009
Country Review dated 15 October 2009
Malaysia
as per 3/2012
Country Grade: A
Low external transfer & convertibility risk and strong business environment.
Financial Flow Indicator (FFI) / Cyclical Risk Indicator (CRI): L2
Low vulnerability risk. Acceptable cyclical risk, but some uncertainty.
Brief information dated 21 March 2012
Country Review dated 20 January 2010
Maldives
as per 6/2011
Country Grade: D
Very high external transfer & convertibility risk and weak business environment.
Country Review dated 28 June 2010
Mongolia
as per 6/2011
Country Grade: D
Very high external transfer & convertibility risk and weak business environment.
Country Review dated 6 April 2011
Myanmar
as per 6/2011
Nepal
as per 6/2011
Country Grade: D
Very high external transfer & convertibility risk and weak business environment.
Brief information dated 23 September 2009
Country Review dated 8 April 2010
Oman
as per 6/2011
Country Grade: BB
Moderate external transfer & convertibility risk and sound, above average business environment.
Financial Flow Indicator (FFI) / Cyclical Risk Indicator (CRI): L1
Low vulnerability risk. Low cyclical risk.
Brief information dated 30 September 2009
Pakistan
as per 11/2011
Country Grade: D
Very high external transfer & convertibility risk and weak business environment.
Brief information dated 2 November 2011
Country Review dated 19 March 2010
Philippines
as per 4/2012
Country Grade: C
High external transfer & convertibility risk and well below average business environment.
Financial Flow Indicator (FFI) / Cyclical Risk Indicator (CRI): L2
Low vulnerability risk. Acceptable cyclical risk, but some uncertainty.
Brief information dated 25 April 2012
Country Review dated 7 September 2010
Qatar
as per 6/2011
Country Grade: BB
Moderate external transfer & convertibility risk and sound, above average business environment.
Financial Flow Indicator (FFI) / Cyclical Risk Indicator (CRI): L2
Low vulnerability risk. Acceptable cyclical risk, but some uncertainty.
Brief information dated 25 November 2009
Saudi Arabia
as per 10/2011
Country Grade: BB
Moderate external transfer & convertibility risk and sound, above average business environment.
Financial Flow Indicator (FFI) / Cyclical Risk Indicator (CRI): L1
Low vulnerability risk. Low cyclical risk.
Brief information dated 12 October 2011
Singapore
as per 4/2012
Country Grade: AA
Very low external transfer & convertibility risk and very strong business environment.
Financial Flow Indicator (FFI) / Cyclical Risk Indicator (CRI): L2
Low vulnerability risk. Acceptable cyclical risk, but some uncertainty.
Brief information dated 18 April 2012
Country Review dated 1 June 2010
Sri Lanka
as per 6/2011
Country Grade: C
High external transfer & convertibility risk and well below average business environment.
Brief information dated 15 September 2010
Country Review dated 15 November 2010
Syria
as per 12/2011
Country Grade: D
Very high external transfer & convertibility risk and weak business environment.
Brief information dated 7 December 2011
Taiwan
as per 2/2012
Country Grade: A
Low external transfer & convertibility risk and strong business environment.
Financial Flow Indicator (FFI) / Cyclical Risk Indicator (CRI): L2
Low vulnerability risk. Acceptable cyclical risk, but some uncertainty.
Brief information dated 1 February 2012
Country Review dated 28 October 2010
Tajikistan
as per 6/2011
Thailand
as per 2/2012
Country Grade: B
Significant external transfer & convertibility risk and below average business environment.
Financial Flow Indicator (FFI) / Cyclical Risk Indicator (CRI): L2
Low vulnerability risk. Acceptable cyclical risk, but some uncertainty.
Brief information dated 29 February 2012
Country Review dated 21 June 2010
Timor-Leste
as per 6/2011
Country Grade: D
Very high external transfer & convertibility risk and weak business environment.
Country Review dated 2 November 2009
Turkmenistan
as per 6/2011
Country Grade: D
Very high external transfer & convertibility risk and weak business environment.
Country Review dated 19 October 2009
United Arab Emirates
as per 9/2011
Country Grade: BB
Moderate external transfer & convertibility risk and sound, above average business environment.
Financial Flow Indicator (FFI) / Cyclical Risk Indicator (CRI): L1
Low vulnerability risk. Low cyclical risk.
Brief information dated 17 November 2010
Uzbekistan
as per 6/2011
Country Grade: D
Very high external transfer & convertibility risk and weak business environment.
Country Review dated 8 February 2010
Vietnam
as per 4/2012
Country Grade: D
Very high external transfer & convertibility risk and weak business environment.
Brief information dated 4 April 2012
Country Review dated 14 July 2011
Yemen
as per 2/2012
Country Grade: D
Very high external transfer & convertibility risk and weak business environment.
Brief information dated 22 February 2012
Country Review dated 4 June 2010
This document reflects the opinion of the Economic Research Department of Euler Hermes. The information, analyses and forecasts contained herein are based on the Department's current hypotheses and viewpoints and are of a prospective nature. In this regard, the Economic Research Department of Euler Hermes has no responsibility for the consequences hereof and no liability. Moreover, these analyses are subject to modification at any time.
The country rating is an evaluation of the risk of payment default for short-term business in a specific country due to political and/or economic factors. Country ratings are subject to modification. The ratings always refer to the date given in connection with the country concerned.
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