Country Ratings: South 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 South America. 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.
Anguilla (UK)
as per 10/2009
Argentina
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 30 June 2010
Detailed information dated 12 March 2009
Aruba (NL)
as per 11/2009
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 18 November 2009
Detailed information dated 12 November 2009
Bolivia
as per 12/2009
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 9 December 2009
Brazil
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 21 July 2010
Detailed information dated 10 December 2009
Chile
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 9 June 2010
Detailed information dated 25 September 2009
Colombia
as per 6/2010
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 24 June 2010
Ecuador
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 15 July 2010
Falkland Islands (UK)
as per 4/2009
French Guayana (F)
as per 4/2009
Guadeloupe (F)
as per 4/2009
Guyana
as per 4/2009
Martinique (F)
as per 4/2009
Montserrat (UK)
as per 10/2009
Netherlands Antilles (NL)
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.
Panama
as per 7/2009
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 22 July 2009
Detailed information dated 8 July 2009
Paraguay
as per 2/2010
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 4 February 2010
Detailed information dated 14 January 2010
Peru
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
South Georgia (UK)
as per 4/2009
Surinam
as per 4/2009
Uruguay
as per 3/2010
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 31 March 2010
Detailed information dated 9 November 2009
Venezuela
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 16 June 2010
Deutsch
Euler Hermes Group
