Scores a hypothetical buyer 1–10 the way a trade credit underwriter would: buyer financials weighted against sector, country and sovereign risk. Built from three Allianz Research publications — the Global Insolvency Outlook (22 Apr 2026), the US-Iran deal market note (16 Jun 2026), and the Half-Time Economic Outlook (8 Jul 2026) — plus published sovereign credit ratings. Real, citable snapshots rather than invented figures. Nothing you enter here leaves your browser.
Update, 8 Jul 2026 (Allianz Research): the Middle East conflict is de-escalating faster than feared. Allianz has since revised its 2026 global insolvency forecast down to +4% (from +6% in the April baseline this tool's country data still uses), and a 16 Jun 2026 note shows markets pricing a durable ceasefire — Brent crude cooling from ~$80 toward a forecast $67/barrel by end-2027 as the Strait of Hormuz reopens. Treat grades below as a conservative upper estimate until the next full country-by-country update.
Sector
Buyer country
Current ratio
Interest coverage (x)
Leverage — Debt/EBITDA (x)
Receivables >60d overdue (%)
Grade output
—
scale 1 (minimal) – 10 (severe)
Financials—
Sector—
Country / macro—
Country insolvency data and sector tiers drawn from Allianz Research's Global Insolvency Outlook (22 Apr 2026), updated against its Half-Time Economic Outlook (8 Jul 2026) and US-Iran deal note (16 Jun 2026) — point-in-time snapshots, refreshed manually rather than live. Sovereign ratings are approximate S&P-style long-term foreign-currency grades, not pulled from a live agency feed. Financial thresholds are simplified for illustration and don't replicate a proprietary underwriting model.
How this works
The grade comes from three things: the buyer's own numbers, how risky their industry is right now, and how risky their country's economic climate is.
01You describe a hypothetical buyer with four numbers: can they cover their short-term bills, can they afford their interest payments, how much debt they're carrying, and how much of what they're owed is overdue.
02You also pick their industry (some sectors, like construction and retail, fail more often than others, like utilities and healthcare) and their country (some countries are seeing insolvencies rise fast, others are stable).
03The tool scores three things out of 10: how risky the buyer's own numbers look, how risky their industry is, and how risky their country is — the country score itself blends Allianz's insolvency forecast with that country's sovereign credit rating.
04Those three scores blend into one grade, 1 to 10. The buyer's own numbers count for almost half the final grade, industry for about a third, country for about a quarter.
05It writes a plain-English reason for the grade — picking out whichever numbers were weak and pairing that with a real, sourced fact about the industry and country, rather than a generic explanation.
The financial terms, explained
Current ratio
Can the company pay its bills due in the next year, using cash and anything it can quickly turn into cash? Above 1.5 is comfortable; below 1.0 means it technically doesn't have enough on hand to cover what it owes soon.
Current assets ÷ current liabilities
Current assets = cash, inventory and money owed to the company that's due within a year. Current liabilities = bills, short-term loans and anything else due within a year.
Interest coverage
How many times over could the company pay its interest bill from what it earned this year? Above 3x is comfortable; below 1.5x means it's barely earning enough to cover interest, let alone anything else.
Operating profit (EBIT) ÷ interest expense
Operating profit = earnings before interest and tax are deducted. Interest expense = the interest owed on the company's debt over the year.
Leverage (Debt/EBITDA)
How many years of current earnings would it take to pay off all the company's debt? Below 2x is conservative; above 5x means it's carrying a lot of debt relative to what it brings in.
Total debt ÷ EBITDA
Total debt = all interest-bearing loans and borrowing. EBITDA = earnings before interest, tax, depreciation and amortisation — a rough stand-in for operating cash flow.
Overdue receivables
Of all the money the buyer's own customers owe it, what share is more than 60 days late? This is an early-warning sign that cash problems may already be starting. Below 5% is normal; above 30% is a serious flag.
Receivables >60 days overdue ÷ total receivables
Receivables = money the buyer's own customers owe it for goods or services already delivered. The overdue portion is whatever hasn't been paid more than 60 days past its due date.