At the beginning of 2013 OECD revised its methodology for country risk classification (Arrangement on Officially Supported Export Credits – “the Arrangement”). According to the rules of the Arrangement, two groups of countries are not classified. The first group is not classified for administrative purposes and is comprised of very small countries that do not generally receive official export credit support. The second group of countries is comprised of High Income OECD countries and High Income Euro Area countries. Especially the second group was introduced due to their high solvency, tax income as well as tax possibilities and reputation. Despite this fact, a variety of Export Credit Rating Agencies continue to rate those countries 0 but include additional information regarding the export credit premium to be paid. Others like the OECD itself do not publish a rating but a list of the High Income OECD countries and High Income Euro Area countries. As CRR based on the Basel framework is offering the choice to use OECD country classifications for solvency and large exposure purposes, it seems to be obvious that countries being classified better than the best status rewarded should be treated like the best status and not like an “unrated” counterparty. Consequently, we strongly recommend to handle such High Income OECD countries and High Income Euro Area countries like countries with MEIP = 0.