ECGC Cla.pdf

Export Credit Guarantee Corporation of India Limited

Country Risk Classification List as on March 31st, 2013

1/9

Countries in Open Cover

Note : The country mentioned in the bracket represents the parent country

Sr. No. Country Previous Rating

31.12.2012 Current Rating

31.03.2013

1 Albania B1 B1

2 Algeria A2 A2

3 American Samoa Not Rated Not Rated

4 Andorra B2 B2

5 Angola C1 B1

6 Anguilla (UK) Not Rated Not Rated

7 Antigua and Barbuda B1 B1

8 Argentina B1 B1

9 Aruba (Netherlands) A1 A1

10 Australia A1 A1

11 Austria A2 A2

12 Azerbaijan B1 B1

13 Bahamas B2 B2

14 Bahrain B1 B1

15 Bangladesh B1 B1

16 Barbados B2 B2

17 Belarus C1 C1

18 Belgium A1 A1

19 Belize B2 B2

20 Benin C1 C1

21 Bermuda (UK) A1 A1

22 Bhutan B2 B2

23 Bolivia B1 B1

24 Bosnia and Herzegovina B2 B2

25 Botswana A2 A1

26 Brazil A2 A2

27 British Pacific (Pitcairn) Islands A1 A1

28 British Virgin Islands A1 A1

29 Brunei B1 B1



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31.03.2013

30 Bulgaria B1 B1

31 Burkina Faso B2 B2

32 Burundi C2 C2

33 Cambodia B2 B2

34 Cameroon B2 B2

35 Canada A1 A1

36 Canary Islands (Spain) A2 A2

37 Cayman Islands (UK) A1 A1

38 Central African Republic D D

39 Chad C2 C2

40 Channel Isles (UK) A1 A1

41 Chile A2 A2

42 China A2 A2

43 Christmas Island (Australia) A1 A1

44 Cocos/Keeling Island (Australia) A1 A1

45 Colombia B1 B1

46 Comoros C2 C2

47 Congo Republic B2 B2

48 Cook Islands (New Zealand) Not Rated Not Rated

49 Costa Rica B1 B1

50 Croatia B2 B2

51 Cyprus B2 B2

52 Czech Republic B1 B1

53 Denmark A2 A2

54 Djibouti B2 B2

55 Dominica C1 C1

56 Dominican Republic B1 B1

57 Ecuador B2 B2

58 El Salvador B1 B1



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31.03.2013

59 Estonia B1 B1

60 Ethiopia C1 C1

61 Falkland Islands (UK) A1 A1

62 Faroe Islands (Denmark) Not Rated Not Rated

63 Finland A2 A2

64 France A1 A1

65 French Guiana (France) Not Rated Not Rated

66 French Polynesia (France) A1 A1

67 French South Atlantic Territories (France) Not Rated Not Rated

68 Gabon B2 B2

69 Georgia B2 B2

70 Germany A1 A1

71 Ghana B2 B2

72 Gibraltar (UK) A1 A1

73 Greenland (Denmark) Not Rated Not Rated

74 Grenada C2 C2

75 Guadeloupe (France) A1 A1

76 Guam (US) A1 A1

77 Guatemala B1 B1

78 Guinea C2 C2

79 Haiti C1 C1

80 Heard Island and McDonald Island (Australia) Not Rated Not Rated

81 Hong Kong (Sp. Ad. Region of China) A2 A2

82 Hungary B1 B1

83 India A1 A1

84 Indonesia B1 B1

85 Ireland B1 B1

86 Israel A2 A2

87 Italy A2 A2



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31.03.2013

88 Jamaica B2 B2

89 Japan A1 A1

90 Kazakhstan B1 B1

91 Kenya B1 B1

92 Kiribati Not Rated Not Rated

93 Kuwait A2 A2

94 Laos C1 C1

95 Latvia B2 B2

96 Lesotho B2 B2

97 Liechtenstein A1 A1

98 Lithuania A2 A2

99 Luxembourg A2 A2

100 Macao (China) A2 A2

101 Madagascar C1 C1

102 Malaysia A2 A2

103 Maldives C1 C1

104 Mali C1 C2

105 Malta B1 B1

106 Marshall Islands C1 C1

107 Martinique (France) A1 A1

108 Mauritius A2 A2

109 Mayotte (France) A1 A1

110 Mexico A2 A2

111 Micronesia B2 B2

112 Moldova C2 C2

113 Monaco A2 A2

114 Mongolia C1 C1

115 Montenegro C1 C1

116 Montserrat (UK) Not Rated Not Rated



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31.03.2013

117 Morocco A2 A2

118 Mozambique C1 C1

119 Myanmar B2 B2

120 Namibia B1 B1

121 Nauru D D

122 Nepal B1 B1

123 Netherland Antilles (Netherlands) A1 A1

124 Netherlands A1 A1

125 New Caledonia (France) Not Rated Not Rated

126 New Zealand A1 A1

127 Niger C1 C1

128 Nigeria B1 B1

129 Niue Island Not Rated Not Rated

130 Norfolk Island (Australia) A1 A1

131 Northern Mariana Islands (US) Not Rated Not Rated

132 Norway A1 A1

133 Oman A2 A2

134 Pakistan B2 B2

135 Palau Not Rated Not Rated

136 Panama B1 B1

137 Papua New Guinea B1 B1

138 Paraguay B1 B1

139 Peru A2 A2

140 Philippines B1 B1

141 Poland B1 B1

142 Portugal B1 B1

143 Puerto Rico (USA) A1 A1

144 Qatar A2 A2

145 Reunion Islands B1 B1



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31.03.2013

146 Romania B2 B2

147 Russia A2 A2

148 Samoa C1 C1

149 San Marino (Italy) A2 A2

150 Sao Tome & Principie C2 C2

151 Saudi Arabia A2 A2

152 Senegal B2 B2

153 Serbia B1 B1

154 Seychelles B2 B2

155 Sierra Leone C1 C1

156 Singapore A1 A1

157 Slovakia A2 A2

158 Slovenia B1 B1

159 Solomon Islands C1 C1

160 South Africa A2 A2

161 South Korea A1 A1

162 Spain A2 A2

163 Sri Lanka A2 A2

164 St. Christopher and Nevis C1 C1

165 St. Helena and Ascension (UK) Not Rated Not Rated

166 St. Lucia C1 C1

167 St. Pierre and Miquelon (France) Not Rated Not Rated

168 St. Vincent and the Grenadines B2 B2

169 Suriname B1 B1

170 Swaziland B2 B2

171 Sweden A1 A1

172 Switzerland A1 A1

173 Taiwan A2 A2

174 Tanzania B2 B2



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31.03.2013

175 Thailand B1 B1

176 Togo C2 C2

177 Tokealu (New Zealand) Not Rated Not Rated

178 Tonga B2 B2

179 Trindiad and Tobago A2 A2

180 Turkey B2 B2

181 Turkmenistan C1 C1

182 Turks and Caicos (UK) Not Rated Not Rated

183 Tuvalu Not Rated Not Rated

184 UAE A2 A2

185 Uganda B2 B2

186 Ukraine B2 B2

187 United Kingdom A1 A1

188 United States of America A1 A1

189 Uruguay A2 A2

190 US Pacific Islands (US) A1 A1

191 US Virgin Islands A1 A1

192 Uzbekistan B1 B1

193 Vanuatu C1 C1

194 Vatican City A1 A1

195 Venezuela B2 B2

196 Vietnam B1 B1

197 Wallis and Futuna (France) Not Rated Not Rated

198 Western Sahara Not Rated Not Rated

199 Zambia B2 B2

200 Zimbabwe D D



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Countries in 'Restricted Cover - Group I' for which revolving limits are approved normally valid for a year



31.03.2013

1 Armenia B2 B2

2 Cape Verde C1 C2

3 Cote de Ivoire C1 C1

4 Cuba B2 B2

5 Democratic Republic of Congo C2 C2

6 Egypt B1 B1

7 Equatorial Guinea B2 B2

8 Eritrea C1 C1

9 Gambia B2 B2

10 Guinea Bissau C1 C1

11 Guyana B2 B2

12 Iceland B2 B2

13 Iran B1 B1

14 Iraq C1 C1

15 Jordan B1 B1

16 Kyrgyzstan B2 B2

17 Liberia C1 C1

18 Libya B1 B1

19 Macedonia B2 B2

20 Malawi C1 C1

21 Nicaragua B2 B2

22 Palestine D D

23 Rwanda C1 C1

24 Syria C1 C1

25 Tajikistan C1 C1

26 Tunisia B1 B1

27 Yemen C1 C1



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Countries in 'Restricted Cover Group II' where Specific Approval will be given on a

case-to-case basis on merits



31.03.2013

1 Afghanistan C2 C2

2 Fiji B2 B2

3 Greece B2 B2

4 Honduras B2 B2

5 Lebanon B2 B2

6 Mauritania C1 C1

7 North Korea D D

8 Somalia D D

9 Sudan C1 C1

10 Timor Leste D D

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