Country policy

Finnvera continuously assesses the creditworthiness of countries involving political risk. Country classification and country categories are the basis for covering export risks.
The country policy described is indicative only. Finnvera reserves the right to set additional conditions regarding any particular country, buyer, or bank as well as change the percentage of cover for a transaction. Finnvera assumes no liability to issue a guarantee to any specific transaction. We recommend that you contact our country policy and export credit guarantee advisers prior to making an offer for financing a transaction with intended guarantee support from Finnvera.

Finnvera's country policy determines

• Finnvera's risk-taking in the country
• securities and payment condition requirements
• the acceptable maximum risk period

Finnvera classifies countries into seven categories. A country's category for short-term and medium/long-term guarantees may be different.

Country categories

0. excellent credit quality

1. very good credit quality

2. good credit quality

3. adequate credit quality

4. decreased credit quality

5. questionable credit quality

6. poor credit quality

7. very poor credit quality

Country classification is determined by

• an assessment of the country's ability to meet its external liabilities
• expectations of the country's economic development
• political stability
• the legislative environment

Country classification influences

• the level of the guarantee premium
• the security requirements
• Finnvera's country policy