Page updated 9 Nov 2016
The following list of countries and territories in Africa shows their country risk classification and NZECO's indicative level of cover. The country policy applies primarily to NZECO's Short-Term Trade Credit and Export Credit Guarantee products.
This Country Cover information describes the Export Credit Office's guiding cover-policy at the time of issue. The information does not necessarily reflect the present possibilities for cover. Before acting on the background of this material, the company/bank is requested to obtain further information from NZECO. If a country is not on the list, contact us.
- Risk Rating
- Each country is rated by the OECD on a scale from 0 to 7; with 0 for low financial risk and 7 for high financial risk. Ratings may change.
- Cover Ratings
- On Cover
NZECO is open for cover across the range of private and public buyers, subject to NZECO’s standard underwriting criteria for each transaction.
- Limited Cover
NZECO is open for cover although this may be for a limited profile of buyers and/or only for transactions with shorter credit terms. NZECO may apply more stringent underwriting criteria and conditions of support. For example, any NZECO approval may require a higher level of risk sharing from the Insured and/or an extended claims waiting period.
- Off Cover
With limited exceptions, we are off cover on all buyers in these countries.