OECD premium categories: Vietnam upgraded, Namibia and Zambia downgraded
In accordance with the country risk classifications of the OECD Arrangement, Credendo has upgraded Vietnam’s premium category for political risks on medium- to long-term export transactions from category 5/7 to 4/7 (on a scale from 1 to 7, where 7 represents the highest risk and premium category). However, Namibia’s premium category has been downgraded from category 4/7 to 5/7 and Zambia’s from category 6/7 to 7/7.
The acceptance policy remains unchanged.
Overview of changes in premium categories