Short-term political risk: Five countries upgraded, two downgraded
In the framework of its regular review of short-term (ST) political risk, Credendo has upgraded five countries and downgraded two countries.
| Upgrades | From | To |
| Albania | 3 | 2 |
| Anguilla | 5 | 4 |
| Antigua and Barbuda | 5 | 4 |
| Gambia | 5 | 4 |
| Saint Vincent and the Grenadines | 5 | 4 |
| Downgrades | From | To |
| Dominican Republic | 2 | 3 |
| New Caledonia | 2 | 3 |