Key highlights from the Atradius Risk Map Q2 2026

Covering more than 200 countries and territories, the updated Atradius Country Risk Map offers a concise snapshot of current risk levels. Of these, 79 are classified as low risk and 26 as moderate risk, while the largest group, comprising 102 economies, falls within the high-risk category.

These findings highlight the continued prevalence of risk across international markets and help businesses stay informed and better prepared to navigate the challenges of global trade.

The latest assessments reflect conditions at the end of Q2 2026. Risk ratings have been upgraded for Tanzania, Ukraine and Zambia, while Saudi Arabia, Senegal and the Slovak Republic have been downgraded.

Country highlights  

According to Dana Bodnar, Senior Economist at Atradius, “Debt restructuring has allowed Ukraine to emerge from sovereign default, supporting an upgrade. However, the war with Russia continues, growth remains fragile and Ukraine still depends heavily on external financial support.”

Commenting on Saudi Arabia’s upgrade, Bodnar explained that it “follows a heightened risk of disruptions to trade, investment and growth due to the US-Iran conflict, despite strong financial buffers and a resilient non-oil economy.”

On Zambia, Bodnar noted that the country’s upgrade “stronger growth, improving external balances, rising reserves, and progress with debt restructuring. Public finances remain weak, but payment and financing risks have eased.”

What is the Atradius Risk Map?

The Atradius Risk Map provides a global view of country risk levels, based on assessments by our Economic Research Team. Using the STAR rating system, it evaluates political and economic risks, civil unrest and conflict to help businesses navigate uncertainty with greater confidence.

Our interactive Risk Map allows users to explore risk levels country by country. Each profile includes key macroeconomic indicators, the STAR rating, ESG metrics, and expert insights into sector performance.

For companies trading internationally, a stable business environment is essential. Adverse developments can erode profits, disrupt operations, and undermine investment decisions. Monitoring both the level of risk and how it evolves is therefore critical, but it is only part of the picture. Ultimately, payments depend on the financial strength and reliability of end customers.

Credit insurance supports this process by assessing potential buyers before relationships begin and by continuously monitoring risks. To learn how these insights can strengthen your credit risk strategy, speak to our team, and discover how we can help you stay ahead.

To explore how to strengthen your own credit risk strategy, get in touch with us and see how we can help you stay ahead.