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.
N.B.: 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.
Brunei
Cambodia
China
Hong Kong
India
Indonesia
Iran
Iraq
Israel
Kazakhstan
Korea, Rep.
Kuwait
Kyrgyzstan
Laos
Lebanon
Afghanistan
as per 5/2009
Bahrain
as per 6/2010
Euler Hermes Rating: BB
Some signs of structural and policy weaknesses. External liquidity adequate, some weaknesses in business environment and/or significant, though moderate, risk of political instability and adequate capacity to respond to economic crisis.
Detailed information dated 8 June 2010
Bangladesh
as per 4/2009
Bhutan
as per 5/2009
Euler Hermes Rating: C
Deep structural weaknesses and/or strong policy measures required and/or external liquidity risk is high, serious weaknesses in business environment and/or serious weaknesses in political framework with higher risk of political instability and little capacity to respond to economic crisis.
Brunei
as per 2/2010
Euler Hermes Rating: BB
Some signs of structural and policy weaknesses. External liquidity adequate, some weaknesses in business environment and/or significant, though moderate, risk of political instability and adequate capacity to respond to economic crisis.
Brief information dated 10 February 2010
Detailed information dated 25 January 2010
Cambodia
as per 8/2009
Euler Hermes Rating: D
Structurally very weak and policy ineffective and/or current/imminent external liquidity crisis, serious weakness in business environment and/or actual or very high risk of political instability. No capacity to respond to economic crisis.
Brief information dated 26 August 2009
Detailed information dated 20 August 2009
Chagos Archipelago (UK)
as per 4/2009
China
as per 7/2010
Euler Hermes Rating: B
A range of structural and policy weaknesses and/or vulnerable external liquidity position, some weaknesses in business environment and/or serious weaknesses in political framework with higher risk of political instability and limited capacity to respond to economic crisis.
Brief information dated 15 July 2010
Detailed information dated 9 December 2009
Hong Kong
as per 3/2010
Euler Hermes Rating: A
Economic structure and policy framework generally adequate. Very low risk of external liquidity crisis. Generally sound business environment. Negligible risk of political instability. Good capacity to respond to economic crisis.
Brief information dated 3 March 2010
Detailed information dated 8 June 2009
India
as per 7/2010
Euler Hermes Rating: B
A range of structural and policy weaknesses and/or vulnerable external liquidity position, some weaknesses in business environment and/or serious weaknesses in political framework with higher risk of political instability and limited capacity to respond to economic crisis.
Brief information dated 28 July 2010
Detailed information dated 12 March 2010
Indonesia
as per 5/2010
Euler Hermes Rating: C
Deep structural weaknesses and/or strong policy measures required and/or external liquidity risk is high, serious weaknesses in business environment and/or serious weaknesses in political framework with higher risk of political instability and little capacity to respond to economic crisis.
Brief information dated 12 May 2010
Iran
as per 5/2010
Euler Hermes Rating: D
Structurally very weak and policy ineffective and/or current/imminent external liquidity crisis, serious weakness in business environment and/or actual or very high risk of political instability. No capacity to respond to economic crisis.
Brief information dated 5 May 2010
Iraq
as per 4/2010
Euler Hermes Rating: D
Structurally very weak and policy ineffective and/or current/imminent external liquidity crisis, serious weakness in business environment and/or actual or very high risk of political instability. No capacity to respond to economic crisis.
Brief information dated 7 April 2010
Detailed information dated 8 April 2010
Israel
as per 5/2010
Euler Hermes Rating: BB
Some signs of structural and policy weaknesses. External liquidity adequate, some weaknesses in business environment and/or significant, though moderate, risk of political instability and adequate capacity to respond to economic crisis.
Brief information dated 21 April 2010
Detailed information dated 28 May 2010
Japan
as per 4/2009
Jordan
as per 4/2009
Euler Hermes Rating: C
Deep structural weaknesses and/or strong policy measures required and/or external liquidity risk is high, serious weaknesses in business environment and/or serious weaknesses in political framework with higher risk of political instability and little capacity to respond to economic crisis.
Kazakhstan
as per 9/2009
Euler Hermes Rating: D
Structurally very weak and policy ineffective and/or current/imminent external liquidity crisis, serious weakness in business environment and/or actual or very high risk of political instability. No capacity to respond to economic crisis.
Brief information dated 23 September 2009
Detailed information dated 13 July 2009
Korea, Democratic People Republic
as per 4/2009
Korea, Republic
as per 7/2010
Euler Hermes Rating: BB
Some signs of structural and policy weaknesses. External liquidity adequate, some weaknesses in business environment and/or significant, though moderate, risk of political instability and adequate capacity to respond to economic crisis.
Brief information dated 28 July 2010
Detailed information dated 1 April 2010
Kuwait
as per 5/2010
Euler Hermes Rating: BB
Some signs of structural and policy weaknesses. External liquidity adequate, some weaknesses in business environment and/or significant, though moderate, risk of political instability and adequate capacity to respond to economic crisis.
Brief information dated 26 May 2010
Kyrgyzstan
as per 4/2010
Euler Hermes Rating: D
Structurally very weak and policy ineffective and/or current/imminent external liquidity crisis, serious weakness in business environment and/or actual or very high risk of political instability. No capacity to respond to economic crisis.
Brief information dated 14 April 2010
Laos
as per 9/2009
Euler Hermes Rating: D
Structurally very weak and policy ineffective and/or current/imminent external liquidity crisis, serious weakness in business environment and/or actual or very high risk of political instability. No capacity to respond to economic crisis.
Brief information dated 16 September 2009
Detailed information dated 19 August 2009
Lebanon
as per 5/2010
Euler Hermes Rating: D
Structurally very weak and policy ineffective and/or current/imminent external liquidity crisis, serious weakness in business environment and/or actual or very high risk of political instability. No capacity to respond to economic crisis.
Brief information dated 26 May 2010
Detailed information dated 26 October 2009
Macao (RC)
as per 10/2009
Euler Hermes Rating: A
Economic structure and policy framework generally adequate. Very low risk of external liquidity crisis. Generally sound business environment. Negligible risk of political instability. Good capacity to respond to economic crisis.
Brief information dated 28 October 2009
Detailed information dated 15 October 2009
Malaysia
as per 7/2010
Euler Hermes Rating: A
Economic structure and policy framework generally adequate. Very low risk of external liquidity crisis. Generally sound business environment. Negligible risk of political instability. Good capacity to respond to economic crisis.
Brief information dated 28 July 2010
Detailed information dated 20 January 2010
Maldives
as per 5/2010
Euler Hermes Rating: D
Structurally very weak and policy ineffective and/or current/imminent external liquidity crisis, serious weakness in business environment and/or actual or very high risk of political instability. No capacity to respond to economic crisis.
Detailed information dated 28 June 2010
Mongolia
as per 4/2009
Myanmar
as per 4/2009
Nepal
as per 4/2010
Euler Hermes Rating: D
Structurally very weak and policy ineffective and/or current/imminent external liquidity crisis, serious weakness in business environment and/or actual or very high risk of political instability. No capacity to respond to economic crisis.
Brief information dated 23 September 2009
Detailed information dated 8 April 2010
Oman
as per 9/2009
Euler Hermes Rating: BB
Some signs of structural and policy weaknesses. External liquidity adequate, some weaknesses in business environment and/or significant, though moderate, risk of political instability and adequate capacity to respond to economic crisis.
Brief information dated 30 September 2009
Detailed information dated 25 September 2009
Pakistan
as per 6/2010
Euler Hermes Rating: D
Structurally very weak and policy ineffective and/or current/imminent external liquidity crisis, serious weakness in business environment and/or actual or very high risk of political instability. No capacity to respond to economic crisis.
Brief information dated 9 June 2010
Detailed information dated 19 March 2010
Palestine (autonomous)
as per 4/2009
Philippines
as per 5/2010
Euler Hermes Rating: B
A range of structural and policy weaknesses and/or vulnerable external liquidity position, some weaknesses in business environment and/or serious weaknesses in political framework with higher risk of political instability and limited capacity to respond to economic crisis.
Brief information dated 5 May 2010
Qatar
as per 11/2009
Euler Hermes Rating: BB
Some signs of structural and policy weaknesses. External liquidity adequate, some weaknesses in business environment and/or significant, though moderate, risk of political instability and adequate capacity to respond to economic crisis.
Brief information dated 25 November 2009
Saudi Arabia
as per 6/2010
Euler Hermes Rating: BB
Some signs of structural and policy weaknesses. External liquidity adequate, some weaknesses in business environment and/or significant, though moderate, risk of political instability and adequate capacity to respond to economic crisis.
Brief information dated 24 June 2010
Detailed information dated 12 June 2009
Singapore
as per 7/2010
Euler Hermes Rating: AA
Strong economic structure and policy framework (industrialised economy or similar). Negligible risk of external liquidity crisis. Generally sound business environment. Negligible risk of political instability. Strong capacity to respond to economic crisis.
Brief information dated 15 July 2010
Sri Lanka
as per 4/2010
Euler Hermes Rating: C
Deep structural weaknesses and/or strong policy measures required and/or external liquidity risk is high, serious weaknesses in business environment and/or serious weaknesses in political framework with higher risk of political instability and little capacity to respond to economic crisis.
Brief information dated 14 April 2010
Syria
as per 4/2010
Euler Hermes Rating: D
Structurally very weak and policy ineffective and/or current/imminent external liquidity crisis, serious weakness in business environment and/or actual or very high risk of political instability. No capacity to respond to economic crisis.
Brief information dated 29 April 2010
Detailed information dated 14 August 2009
Taiwan
as per 6/2010
Euler Hermes Rating: A
Economic structure and policy framework generally adequate. Very low risk of external liquidity crisis. Generally sound business environment. Negligible risk of political instability. Good capacity to respond to economic crisis.
Brief information dated 30 June 2010
Detailed information dated 2 June 2009
Tajikistan
as per 4/2009
Thailand
as per 7/2010
Euler Hermes Rating: B
A range of structural and policy weaknesses and/or vulnerable external liquidity position, some weaknesses in business environment and/or serious weaknesses in political framework with higher risk of political instability and limited capacity to respond to economic crisis.
Brief information dated 21 July 2010
Detailed information dated 9 April 2010
Timor-Leste
as per 11/2009
Euler Hermes Rating: D
Structurally very weak and policy ineffective and/or current/imminent external liquidity crisis, serious weakness in business environment and/or actual or very high risk of political instability. No capacity to respond to economic crisis.
Detailed information dated 2 November 2009
Turkmenistan
as per 10/2009
Euler Hermes Rating: D
Structurally very weak and policy ineffective and/or current/imminent external liquidity crisis, serious weakness in business environment and/or actual or very high risk of political instability. No capacity to respond to economic crisis.
Detailed information dated 19 October 2009
United Arab Emirates
as per 6/2010
Euler Hermes Rating: BB
Some signs of structural and policy weaknesses. External liquidity adequate, some weaknesses in business environment and/or significant, though moderate, risk of political instability and adequate capacity to respond to economic crisis.
Brief information dated 2 June 2010
Detailed information dated 16 April 2010
Uzbekistan
as per 2/2010
Euler Hermes Rating: D
Structurally very weak and policy ineffective and/or current/imminent external liquidity crisis, serious weakness in business environment and/or actual or very high risk of political instability. No capacity to respond to economic crisis.
Detailed information dated 8 February 2010
Vietnam
as per 7/2010
Euler Hermes Rating: D
Structurally very weak and policy ineffective and/or current/imminent external liquidity crisis, serious weakness in business environment and/or actual or very high risk of political instability. No capacity to respond to economic crisis.
Brief information dated 8 July 2010
Detailed information dated 14 July 2009
Yemen
as per 6/2010
Euler Hermes Rating: D
Structurally very weak and policy ineffective and/or current/imminent external liquidity crisis, serious weakness in business environment and/or actual or very high risk of political instability. No capacity to respond to economic crisis.
Brief information dated 6 January 2010
Detailed information dated 4 June 2010

