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.
Please consider the notes at the end of this page.
Learn more about
Euler Hermes Country Ratings (PDF)
Anguilla (UK)
as per 6/2011
Antarctica
as per 6/2011
Argentina
as per 4/2012
Country Grade: D
Very high external transfer & convertibility risk and weak business environment.
Financial Flow Indicator (FFI) / Cyclical Risk Indicator (CRI): M2
Significant vulnerability risk. Acceptable cyclical risk, but some uncertainty.
Brief information dated 25 April 2012
Country Review dated 1 June 2011
Aruba (NL)
as per 6/2011
Country Grade: B
Significant external transfer & convertibility risk and below average business environment.
Brief information dated 18 November 2009
Country Review dated 12 November 2009
BES Islands (NL)
as per 6/2011
Bolivia
as per 6/2011
Country Grade: D
Very high external transfer & convertibility risk and weak business environment.
Brief information dated 27 October 2010
Country Review dated 26 October 2010
Brazil
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
Country Review dated 1 September 2010
Chile
as per 1/2012
Country Grade: A
Low external transfer & convertibility risk and strong business environment.
Financial Flow Indicator (FFI) / Cyclical Risk Indicator (CRI): L1
Low vulnerability risk. Low cyclical risk.
Brief information dated 18 January 2012
Country Review dated 1 June 2010
Colombia
as per 3/2012
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 29 March 2012
Country Review dated 3 May 2011
Curacao
as per 6/2011
Ecuador
as per 6/2011
Country Grade: D
Very high external transfer & convertibility risk and weak business environment.
Brief information dated 11 May 2011
Country Review dated 12 July 2010
Falkland Islands (UK)
as per 6/2011
French Guayana (F)
as per 6/2011
French Southern Territory (F)
as per 6/2011
Guadeloupe (F)
as per 6/2011
Guyana
as per 6/2011
Country Grade: C
High external transfer & convertibility risk and well below average business environment.
Brief information dated 6 October 2010
Country Review dated 5 July 2010
Martinique (F)
as per 6/2011
Montserrat (UK)
as per 6/2011
Panama
as per 7/2011
Country Grade: B
Significant external transfer & convertibility risk and below average business environment.
Financial Flow Indicator (FFI) / Cyclical Risk Indicator (CRI): L1
Low vulnerability risk. Low cyclical risk.
Brief information dated 27 July 2011
Country Review dated 8 July 2009
Paraguay
as per 6/2011
Country Grade: C
High external transfer & convertibility risk and well below average business environment.
Brief information dated 4 February 2010
Country Review dated 14 January 2010
Peru
as per 12/2011
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 14 December 2011
South Georgia (UK)
as per 6/2011
St. Maarten (F)
as per 6/2011
Surinam
as per 6/2011
Country Grade: D
Very high external transfer & convertibility risk and weak business environment.
Brief information dated 15 September 2010
Country Review dated 7 July 2010
Uruguay
as per 2/2012
Country Grade: B
Significant external transfer & convertibility risk and below average business environment.
Brief information dated 1 February 2012
Country Review dated 9 November 2009
Venezuela
as per 2/2012
Country Grade: D
Very high external transfer & convertibility risk and weak business environment.
Brief information dated 15 February 2012
Country Review dated 1 September 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.
Deutsch
Euler Hermes Group
