OECD premium categories: Hong Kong upgraded; Myanmar and Sri Lanka downgraded
In accordance with the country risk classifications of the OECD Arrangement, Credendo has upgraded the premium category for political risks on medium- to long-term export transactions for Hong Kong (from 3 to 2 on a scale from 1 to 7 where 7 represents the highest risk and premium category). However, OECD premium categories have been downgraded for Myanmar (from 6 to 7) and Sri Lanka (from 6 to 7).
The acceptance policy remains unchanged.
Overview of changes in premium categories