Country Ratings: North America

Country Ratings: North America

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 North America. 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)

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Antigua and Barbuda

as per 6/2011
Euler Hermes Country Risk Level Antigua and Barbuda: Sensitive


Country Risk Level:

Explanation of Euler Hermes Country Ratings



Country Grade: C
High external transfer risk convertibility risk and well below average business environment.



Bahamas

as per 6/2011
Euler Hermes Country Risk Level Bahamas: Low


Country Risk Level:

Explanation of Euler Hermes Country Ratings



Country Grade: BB
Moderate external transfer & convertibility risk and sound, above average business environment.



Barbados

as per 6/2011
Euler Hermes Country Risk Level Barbados: Sensitive


Country Risk Level:

Explanation of Euler Hermes Country Ratings



Country Grade: C
High external transfer risk convertibility risk and well below average business environment.


Brief information dated 12 August 2009

Country Review dated 22 July 2009

Belize

as per 6/2011
Euler Hermes Country Risk Level Belize: High


Country Risk Level:

Explanation of Euler Hermes Country Ratings



Country Grade: D
Very high external transfer & convertibility risk and weak business environment.


Brief information dated 6 January 2010

Bermuda (UK)

as per 6/2011
Euler Hermes Country Risk Level Bermuda: Low


Country Risk Level:

Explanation of Euler Hermes Country Ratings



Country Grade: A
Low external transfer & convertibility risk and strong business environment.



Canada

as per 6/2011
Euler Hermes Country Risk Level Canada: Low


Country Risk Level:

Explanation of Euler Hermes Country Ratings



Country Grade: AA
Very low external transfer & convertibility risk and very strong business environment.

Financial Flow Indicator (FFI) / Cyclical Risk Indicator (CRI): L1
Low vulnerability risk. Low cyclical risk.



Cayman Islands (UK)

as per 6/2011
Euler Hermes Country Risk Level Cayman Islands: Low


Country Risk Level:

Explanation of Euler Hermes Country Ratings



Country Grade: A
Low external transfer & convertibility risk and strong business environment.



Costa Rica

as per 4/2012
Euler Hermes Country Risk Level Costa Rica: Low


Country Risk Level:

Explanation of Euler Hermes Country Ratings



Country Grade: B
Significant external transfer & convertibility risk and below average business environment.

Financial Flow Indicator (FFI) / Cyclical Risk Indicator (CRI): M2
Significant vulnerability risk. Acceptable cyclical risk, but some uncertainty.


Brief information dated 18 April 2012

Country Review dated 18 September 2009

Cuba

as per 6/2011
Euler Hermes Country Risk Level Cuba: High


Country Risk Level:

Explanation of Euler Hermes Country Ratings



Country Grade: D
Very high external transfer & convertibility risk and weak business environment.



Dominica

as per 6/2011
Euler Hermes Country Risk Level Dominica: Sensitive


Country Risk Level:

Explanation of Euler Hermes Country Ratings



Country Grade: C
High external transfer & convertibility risk and well below average business environment.


Brief information dated 7 April 2010

Country Review dated 25 February 2010

Dominican Republic

as per 9/2011
Euler Hermes Country Risk Level Dominican Republic: Sensitive


Country Risk Level:

Explanation of Euler Hermes Country Ratings



Country Grade: C
High external transfer risk convertibility risk and well below average business environment.

Financial Flow Indicator (FFI) / Cyclical Risk Indicator (CRI): M2
Significant vulnerability risk. Acceptable cyclical risk, but some uncertainty.


Brief information dated 17 November 2010

Country Review dated 15 November 2010

El Salvador

as per 6/2011
Euler Hermes Country Risk Level El Salvador: Low


Country Risk Level:

Explanation of Euler Hermes Country Ratings



Country Grade: B
Significant external transfer & convertibility risk and below average business environment.


Brief information dated 24 March 2010

Country Review dated 19 November 2009

Grenada

as per 6/2011
Euler Hermes Country Risk Level Grenada: Sensitive


Country Risk Level:

Explanation of Euler Hermes Country Ratings



Country Grade: C
High external transfer & convertibility risk and well below average business environment.




Country Review dated 19 October 2010

Guatemala

as per 12/2011
Euler Hermes Country Risk Level Guatemala: Low


Country Risk Level:

Explanation of Euler Hermes Country Ratings



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 9 November 2011

Country Review dated 26 August 2010

Haiti

as per 2/2012
Euler Hermes Country Risk Level Haiti: High


Country Risk Level:

Explanation of Euler Hermes Country Ratings



Country Grade: D
Very high external transfer & convertibility risk and weak business environment.


Brief information dated 29 February 2012

Country Review dated 26 October 2009

Honduras

as per 6/2011
Euler Hermes Country Risk Level Honduras: Sensitive


Country Risk Level:

Explanation of Euler Hermes Country Ratings



Country Grade: C
High external transfer & convertibility risk and well below average business environment.


Brief information dated 1 June 2011

Country Review dated 24 March 2010

Jamaica

as per 1/2012
Euler Hermes Country Risk Level Jamaica: High


Country Risk Level:

Explanation of Euler Hermes Country Ratings



Country Grade: D
Very high external transfer & convertibility risk and weak business environment.


Brief information dated 12 January 2012

Country Review dated 22 July 2010

Mexico

as per 4/2012
Euler Hermes Country Risk Level Mexico: Low


Country Risk Level:

Explanation of Euler Hermes Country Ratings



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 4 April 2012

Country Review dated 1 September 2010

Nicaragua

as per 11/2011
Euler Hermes Country Risk Level Nicaragua: High


Country Risk Level:

Explanation of Euler Hermes Country Ratings



Country Grade: D
Very high external transfer & convertibility risk and weak business environment.


Brief information dated 9 November 2011

Country Review dated 26 October 2009

Puerto Rico (US)

as per 6/2011
Euler Hermes Country Risk Level Puerto Rico: Low


Country Risk Level:

Explanation of Euler Hermes Country Ratings



Country Grade: AA
Very low external transfer & convertibility risk and very strong business environment.



St. Kitts and Nevis

as per 6/2011
Euler Hermes Country Risk Level St. Kitts and Nevis: Sensitive


Country Risk Level:

Explanation of Euler Hermes Country Ratings



Country Grade: C
High external transfer & convertibility risk and well below average business environment.


Country Review dated 22 October 2009

St. Lucia

as per 6/2011
Euler Hermes Country Risk Level St. Lucia: Sensitive


Country Risk Level:

Explanation of Euler Hermes Country Ratings



Country Grade: C
High external transfer & convertibility risk and well below average business environment.



St. Pierre et Miquelon (F)

as per 6/2011
Euler Hermes Country Risk Level St. Pierre et Miquelon: Low


Country Risk Level:

Explanation of Euler Hermes Country Ratings



Country Grade: A
Low external transfer & convertibility risk and strong business environment.



St. Vincent & Grenadines

as per 6/2011
Euler Hermes Country Risk Level St. Vincent: Sensitive


Country Risk Level:

Explanation of Euler Hermes Country Ratings



Country Grade: C
High external transfer & convertibility risk and well below average business environment.


Brief information dated 2 December 2009

Country Review dated 4 November 2009

Trinidad & Tobago

as per 9/2011
Euler Hermes Country Risk Level Trinidad & Tobago: Low


Country Risk Level:

Explanation of Euler Hermes Country Ratings



Country Grade: BB
Moderate external transfer & convertibility risk and sound, above average business environment.

Financial Flow Indicator (FFI) / Cyclical Risk Indicator (CRI): L3
Low vulnerability risk but high cyclical risk.


Brief information dated 26 January 2011

Country Review dated 20 January 2011

Turks a. Caicos (UK)

as per 6/2011
Euler Hermes Country Risk Level Turks a. Caicos: Low


Country Risk Level:

Explanation of Euler Hermes Country Ratings



Country Grade: A
Low external transfer & convertibility risk and strong business environment.



USA

as per 4/2012
Euler Hermes Country Risk Level USA: Low


Country Risk Level:

Explanation of Euler Hermes Country Ratings



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 25 April 2012


Virgin Islands (UK)

as per 6/2011
Euler Hermes Country Risk Level Virgin Islands (UK): Low


Country Risk Level:

Explanation of Euler Hermes Country Ratings



Country Grade: A
Low external transfer & convertibility risk and strong business environment.



Virgin Islands (US)

as per 6/2011
Euler Hermes Country Risk Level Virgin Islands (US): Low


Country Risk Level:

Explanation of Euler Hermes Country Ratings



Country Grade: A
Low external transfer & convertibility risk and strong business environment.



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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