Although there are many types of risk classes, basic types of risk for a business can be classified as:
• Credit risk (Default risk)
The risk that a company or individual will not be able to pay the contractual interest or principal on its debt obligations.
• Market risk
The risk that the value of an investment to fluctuate due to general market conditions.

• Political risk
The risk that a country’s government will suddenly change its policies.
• Operational risk
Various risks that can arise from a company’s ordinary business