Short-term political risk: Six countries downgraded, one country upgraded March 24
Pakistan: Downgrade from category 6/7 to 7/7 for MLT political risk March 23
Nigeria: APC retains power following President Tinubu’s election March 10
Peru: Violent protests are expected to continue as grounds of unrest are not tackled March 9
Moldova: Heightened tensions with Russia February 23
Raising awareness about the ESG framework at Credendo February 22
Uganda: Development of oil reserves brings opportunities and risks February 21
South Africa: GDP growth expectations revised down on the back of sweeping electricity crisis February 17
Thailand: The return of Chinese tourists will boost Thailand’s economy February 15
Armenia: Very strong growth in 2022 but uncertainty amid the war in Ukraine and tensions with Azerbaijan February 14
OECD premium categories: Bosnia and Herzegovina and Croatia upgraded, Egypt and Ukraine downgraded February 7
Lithium sector: High lithium prices do not dampen demand but increase risk February 6
Credendo's Fossil Fuel Policy came into force on 1 January January 30
Benin: Legislative election somewhat reinforces democratic legitimacy January 24
Haiti: ST political risk classification and political violence rating downgraded to category 7/7 January 19
Croatia: Upgrade from category 3/7 to 1/7 for MLT political risk January 18
Asia: Climate risks are a top vulnerability for Asia January 17
Egypt: Steady depreciation of Egyptian pound continues January 16
China: The economy has yet to absorb the end of the zero-Covid policy before gradually recovering January 5
2022
Credendo Green Package: the folder is now available! December 28
Egypt: Downgrade from category 5/7 to 6/7 for medium- to long-term political risk December 21
Short-term political risk: Eight countries downgraded December 20
El Salvador: Government is facing debt default amid worsening relations with the USA December 16
Angola: High oil prices are driving recovery, yet vulnerabilities are rife December 2
Ghana: MLT political risk classification recently downgraded November 29
White paper: how to navigate your export business through the energy crisis November 22
CO2logic launches new CO2-Neutral label November 22
OECD premium categories: Aruba and Guyana upgraded, and El Salvador and Ghana downgraded November 2
Credendo installed solar panels on its Brussels headquarters’ rooftop October 26
Mongolia: economic outlook for 2023 is uncertain and mainly dependent on China October 20
Mexico: Sharp monetary tightening could tip over the US and Mexican economy into recession next year October 18
Vietnam: Strongly performing economy to face headwinds from global slowdown and inflation pressures October 14
Burkina Faso: Coup may lead to sanctions and closer ties to Russia October 5
Burundi: Upgrade of short-term political risk amid higher liquidity September 29
Business environment risk: The energy crisis in the EU is pushing ratings on a downgrade trajectory September 27
Sustainability is key in Credendo’s latest strategy September 27
Short-term political risk: One country upgraded and five countries downgraded September 23
India: Slowing economic recovery September 22
Energy crisis: fuelling a systemic crisis in Europe September 21
Laos: Eroding liquidity and unsustainable debt service outlook could lead to debt relief agreement with China September 14
Haiti: Anti-government protests amid increasingly powerful criminal gangs and rising inflation September 6
Drought in Europe: Agricultural yield, inland waterway transport and power generation severely affected September 5
Credendo committed to reducing its carbon footprint August 31
Sierra Leone: Violent protests over soaring cost of living August 30
Kenya: Presidential election result challenged, but unrest so far avoided August 26
S&P Global Ratings affirms Credendo – Export Credit Agency’s ‘AA’ rating August 19
Bangladesh: External liquidity support is coming up amid heavy energy imports August 18
Pakistan: Likely IMF support to mitigate external pressures August 9
Export Finance for Future (E3F) July 27
South Africa: Reasonable economic recovery among difficult global circumstances July 26
Argentina: Abrupt departure of economy minister raises risks of additional capital controls July 19
Practical implementation of the COP26 statement by Credendo July 15
Mali: ECOWAS financial sanctions on Mali lifted July 14
Brazil: Wide-open presidential elections in October July 7
Timor-Leste: Challenging outlook for the oil and gas-reliant economy facing rapid reserve depletion July 5
Practical implementation of the COP26 statement by Credendo June 30
Oman: Upgrade from category 6/7 to 5/7 for medium- to long-term political risk June 28
Short-term political risk: Five countries upgraded and five countries downgraded June 21
Energy sector shake-off following the Russian invasion of Ukraine June 14
Ghana: Projections clouded by high public debt vulnerabilities June 10
Guyana: Upgrade from 5/7 to 4/7 for medium- to long-term and short- term political risks June 8
Croatia: Euro introduction in 2023 June 2
Lebanon: General elections raise the spectre of political gridlock June 1
Brazil: Upgrade of the MLT political risk rating from category 5/7 to 4/7 May 31
Latin America: One of the slowest growing regions in economic terms despite higher commodity prices May 24
United Arab Emirates: Policy continuity expected under the new president May 20
Paraguay: Central Bank aggressively battles highest inflation in a decade after severe drought May 12
China: Zero-Covid policy is taking a heavy toll on the economy May 11
Moldova: Heightened political risk following Russian invasion of Ukraine May 5
Global food prices rise on the back of the Russian invasion of Ukraine May 3
Speeding up the environmental transition April 28
Guinea: Mining returns might enhance junta’s grip on power April 20
Climate change increases social-political and geopolitical risks in the medium to long term March 24
Four challenges for the global economy in 2022 March 9
Singapore: External shocks will weigh on the 2022 economic outlook March 3
World Economy: Impact of Russia’s full-scale invasion of Ukraine February 28
Belarus, Russia and Ukraine: Russia’s full-scale invasion of Ukraine February 25
Democratic Republic of Congo: Credendo’s political risk classifications February 23
Egypt: Central bank of Egypt announced new rules for importers February 21
European aluminium sector in a critical situation February 17
Credendo supports Goudel IV, a large water supply and sanitation project in Niamey, Niger February 10
Burkina Faso: No ECOWAS sanctions (yet) after last week’s military coup February 8
OECD premium categories: Azerbaijan and Oman upgraded February 7
Winners and losers from the transition to a more sustainable production world January 27
Serbia’s robust economy will be hampered by several headwinds in 2022 January 14
Kazakhstan: State of emergency declared amid large protests January 6
Credendo simplifies forfaiting product January 6
2021
Bolivia: Downgrade from category 5/7 to 6/7 for the MLT political risk December 16
Results of the 2021 Export Barometer December 16
Steel sector: Steel price on the decline amid stagnant steel demand in China and lower iron ore price December 14
Benin: Recent attacks show spread of jihadist activity across the region December 13
Rwanda: Downgrade from 6/7 to 7/7 for medium- to long-term political risk November 29
Pakistan: Islamabad is seeking for a peace deal with the Pakistani Taliban to reduce instability risks November 24
Turkey: Country risk hampered by weak monetary policy credibility and reliance on external funding November 23
Ukraine: Unusual Russian military activity near Ukraine border November 18
Romania: The political crisis aggravates the country’s worst Covid-19 wave November 10
Tunisia: Political uncertainty intensifying financial pressures November 9
Gas: Energy crisis will weigh on industrial production in Europe and Asia October 20
Global supply chains: Multiple factors mean disruptions could last until 2023 October 19
Saudi Arabia: Oil price increases expected to benefit Saudi Arabia October 14
Business environment risk: A wave of upgrades fueled by the improving economic outlook October 8
Lebanon: Lebanese parliament approves new government after long political gridlock October 5
Short-term political risk: Eleven countries upgraded (incl. Brazil) and two countries downgraded September 29
Ethiopia: The Tigray conflict is expected to be long-lasting, but unlikely to lead to all-out civil war in Ethiopia September 27
China: Financial and economic spillovers from bankrupt giant property developer might be contained September 24
Nigeria: Political and business environment risk assessment of Africa’s largest economy September 23
Sri Lanka: Emergency rules on essential food access highlight the foreign exchange and economic crisis September 14
Aluminium: Guinea coup puts global aluminium supply chain at risk September 10
Peru: Political turbulence likely to continue despite new president’s inauguration August 30
S&P Global Ratings affirms Credendo – Export Credit Agency’s rating August 25
Zambia: Opposition leader unexpectedly wins landslide victory in presidential election August 20
Despite important downside risks, Mauritania’s outlook is mostly positive August 17
Sri Lanka: Downgrade from 5/7 to 6/7 for medium- to long-term political risk July 23
Sudan: Historic debt relief unlikely to resolve Sudan’s liquidity situation in the short term July 23
Indonesia: steep covid-19 surge and extended containment measures will hinder the economic recovery July 15
Colombia: sovereign rating downgraded to junk but public debt is expected to remain sustainable July 7
OECD Premium Categories: Hong Kong Upgraded, Myanmar and Sri Lanka Downgraded July 9
Belarus: Harsh EU sanctions affecting potash and petroleum products July 2
Taiwan: Covid 19 has hit Taiwan, a rare ‘winner’ of the pandemic until now July 2
Hydrogen: Booming interest (thanks to the fight against climate change) and many uncertainties June 25
Business environment risk in practice June 25
Guyana: Upgrade from 6/7 to 5/7 for medium-to long-term/short-term political risk June 7
Tanzania: Downgrade of medium- to long-term political risk classification from 5/7 to 6/7 June 1
Will digital currencies offer a new method of payment in international trade? May 27
Aruba: Downgrade of medium- to long-term political risk classification from 5/7 to 6/7 May 26
Thailand: Covid-19 rebound and extended tourism crisis weigh on Thailand’s short-term outlook May 10
Russia: Tightening of US sanctions April 21
Ecuador: Newly elected right-wing president Lasso is facing a challenging presidential term April 20
Global supply chains: Under pressure amid a lack of container ships April 16
Mozambique: Enormous investment expectations are weighed down by escalating violent conflict April 9
Middle East: Shifting US policy in the Middle East March 25
Mexico: Ongoing Covid-19 pandemic and government policies are hurting private businesses March 16
India: Public spending support and a bad bank could further boost a strong recovery this year March 11
Armenia: Mounting political tensions following Nagorno-Karabakh ceasefire agreement March 4
Algeria: 2021 finance law announces fiscal measures and imposes additional import restrictions March 1
Cuba: Government is opening up the economy amidst the worst economic crisis in more than three decades February 19
Vietnam: Successful economic story to continue beyond a contained Covid-19 pandemic February 17
Steel sector: Steel prices have soared on the back of increased Chinese demand February 11
Tunisia: New wave of protests highlights the country’s difficult socioeconomic situation February 8
Myanmar: A state coup brings back full powers to the army February 5