Page updated 9 Nov 2016

The following list of countries and territories in North, Central and South America 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.

Country Information

Country Risk Rating Cover Status
Antigua and Barbuda 7 Off Cover
Argentina 6 Off Cover
Bahamas 3 On Cover
Barbados 4 On Cover
Belize 7 Off Cover
Bolivia 5 Limited Cover
Brazil 5 On Cover
Canada 0 On Cover
Chile 2 On Cover
Colombia 4 On Cover
Costa Rica 3 On Cover
Cuba 7 Limited Cover
Curacao 5 Limited Cover
Dominican Republic 5 Limited Cover
Ecuador 6 Limited Cover
El Salvador 5 Limited Cover
Guatemala 4 Limited Cover
Guyana 6 Off Cover
Haiti 7 Limited Cover
Honduras 5 Limited Cover
Jamaica 7 Limited Cover
Mexico 3 On Cover
Nicaragua 7 Limited Cover
Panama 3 On Cover
Paraguay 5 Limited Cover
Peru 3 On Cover
Puerto Rico 2 On Cover
Trinidad and Tobago 3 On Cover
United States 0 On Cover
Uruguay 3 Limited Cover
Venezuela 7 Off Cover

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.
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