OECD improves credit risk rating for Ukraine

Source : 112 Ukraine

Uganda, Tunisia, Togo, East Timor, Tanzania, Rwanda, Papua New Guinea, Nigeria, Nepal, Myanmar received a similar rating as Ukraine
18:55, 1 February 2020
Open source
The Organization for Economic Cooperation and Development (OECD) has improved the credit risk rating for Ukraine by one point. This was announced on Facebook by the sales representative of Ukraine Taras Kachka, citing a study on the assessment of credit risks by the OECD.

"Ukraine was transferred from 7th to 6th group of country risks in the OECD," said Kachka.

Indeed, as can be seen from the comparative table of credit risks of 201 countries of the world, in 2020 the rating of Ukraine rose a notch - from 7 to 6 position.

Kachka notes that this is very little, but he is convinced that the risks associated with Ukraine and Ukrainian companies will be reduced.

Improving the position of Ukraine in this rating indicates that the country has decreased the cost of insurance, credit rates and increased the terms and limits of credit lines, added Kachka.
Related: British institute releases image of Sevastopol credited as part of Russia

If you compare this with other countries - Uganda, Tunisia, Togo, East Timor, Tanzania, Rwanda, Papua New Guinea, Nigeria, Nepal, Myanmar, Mongolia, Lesotho, Kosovo, Kenya, Maldives, etc. received the same credit rating as Ukraine. The worst score was received by countries such as the DPRK, Cuba, Congo, Djibouti, Equatorial Guinea, Chile, Chad, Bosnia and Herzegovina, Argentina, Antigua and Barbuda, Liberia, Libya, Madagascar, Mauritania, Pakistan, Somalia, Sudan. Countries like Sweden or Switzerland have not been rated, which means there are no credit risks on their territory.

In an OECD study, a country's credit risk is assessed based on the degree of territorial risk. The classification is based on data from the International Monetary Fund and the World Bank on the financial and economic situation of countries and data on the payments by export credit insurance companies of OECD countries.

Countries are ranked in seven risk categories. A level of "7" means that the country has the highest territorial risk. 1st place is taken by countries with a minimum level of risk.
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