March 1997 country risk table

*Rank*		*Change*		*Total Score*	*Economic*	*Political*	*Debt*	*Debt in*	*Credit*	*Access to*	*Access to*	*Access to*	*Discount*
*Mar*	*Sept*	*Sept*			*performance*	*risk*	*indicators*	*default or*	*ratings*	*bank*	*short-term*	*capital*	on
97	96	*to Mar*						*rescheduled*		*finance*	*finance*	*markets*	*forfaiting*
			*Weighting:*	*100.00*	*25.00*	*25.00*	*10.00*	*10.00*	*10.00*	*5.00*	*5.00*	*5.00*	*5.00*
1	1	0	Luxembourg	99.30	25.00	24.30	10.00	10.00	10.00	5.00	5.00	5.00	5.00
2	3	1	United States	97.09	22.57	24.65	10.00	10.00	10.00	5.00	5.00	5.00	4.86
3	7	4	Singapore	96.16	23.97	23.06	10.00	10.00	9.69	5.00	5.00	5.00	4.44
4	5	1	United Kingdom	95.73	21.85	24.02	10.00	10.00	10.00	5.00	5.00	5.00	4.86
5	4	-1	Netherlands	95.66	22.24	23.98	10.00	10.00	10.00	5.00	5.00	5.00	4.43
6	11	5	Denmark	95.04	23.22	22.80	10.00	10.00	9.38	5.00	5.00	5.00	4.66
7	10	3	Norway	94.74	22.45	22.86	10.00	10.00	9.79	5.00	5.00	5.00	4.64
8	8	0	Germany	94.65	20.61	24.17	10.00	10.00	10.00	5.00	5.00	5.00	4.86
9	16	7	Canada	94.40	22.31	23.23	10.00	10.00	8.96	5.00	5.00	4.90	5.00
10	2	-8	Switzerland	93.70	19.02	25.00	10.00	10.00	10.00	5.00	5.00	5.00	4.67
11	14	3	Ireland	93.44	22.72	21.75	10.00	10.00	8.96	5.00	5.00	5.00	5.00
12	9	-3	Austria	93.35	20.29	23.33	10.00	10.00	10.00	5.00	5.00	5.00	4.72
13	12	-1	Japan	93.04	18.38	24.65	10.00	10.00	10.00	5.00	5.00	5.00	5.00
14	6	-8	France	92.40	19.42	23.12	10.00	10.00	10.00	5.00	5.00	5.00	4.86
15	17	2	Finland	92.06	22.24	21.51	10.00	10.00	8.96	5.00	5.00	4.90	4.45
16	15	-1	New Zealand	91.68	21.26	21.40	10.00	10.00	9.38	5.00	5.00	5.00	4.65
17	18	1	Australia	91.68	21.45	21.48	10.00	10.00	8.75	5.00	5.00	5.00	5.00
18	13	-5	Belgium	91.10	20.20	22.00	10.00	10.00	9.38	5.00	5.00	4.80	4.72
19	19	0	Taiwan	90.44	22.55	20.99	10.00	10.00	8.75	5.00	5.00	3.80	4.35
20	20	0	Sweden	89.17	19.92	21.45	10.00	10.00	8.54	5.00	5.00	4.80	4.47
21	23	2	Spain	87.51	19.57	19.80	10.00	10.00	8.75	5.00	5.00	4.90	4.48
22	22	0	Korea, Republic of	87.04	21.16	20.00	10.00	10.00	7.92	5.00	5.00	3.80	4.16
23	26	3	Portugal	86.52	19.27	19.84	10.00	10.00	7.92	5.00	5.00	5.00	4.49
24	58	34	Bermuda	85.96	24.38	16.53	10.00	10.00	8.96	5.00	5.00	3.90	2.20
25	21	-4	Italy	85.39	17.54	20.49	10.00	10.00	8.33	5.00	5.00	4.80	4.23
26	24	-2	Iceland	85.04	19.73	19.29	10.00	10.00	7.50	5.00	5.00	4.20	4.32
27	25	-2	Hong Kong	84.61	20.76	19.35	10.00	10.00	6.88	5.00	5.00	3.80	3.82
28	27	-1	Malaysia	83.32	21.49	18.78	9.20	10.00	7.50	4.09	4.17	3.90	4.20
29	28	-1	Brunei	82.76	24.21	18.75	10.00	10.00	0.00	5.00	5.00	4.80	5.00
30	39	9	Cyprus	80.38	21.30	15.85	10.00	10.00	7.50	5.00	3.75	3.20	3.78
31	31	0	United Arab Emirates	80.30	19.53	17.50	10.00	10.00	5.63	5.00	5.00	4.00	3.64
32	29	-3	Chile	79.94	19.45	18.94	8.70	9.92	6.04	4.62	4.17	3.90	4.20
33	43	10	Qatar	77.39	18.83	16.05	10.00	10.00	5.00	5.00	5.00	3.80	3.71
34	30	-4	Thailand	77.09	19.11	16.87	9.23	10.00	6.88	3.85	4.17	2.90	4.09
35	32	-3	Israel	75.59	16.98	16.26	10.00	10.00	6.25	5.00	3.67	3.80	3.64
36	33	-3	Kuwait	75.18	16.33	16.22	10.00	10.00	6.25	5.00	3.67	4.00	3.71
37	35	-2	Czech Republic	74.54	19.67	17.82	9.20	10.00	6.25	2.41	1.17	3.80	4.23
38	34	-4	Slovenia	73.97	18.38	16.06	9.55	10.00	6.46	3.47	2.33	3.80	3.91
39	60	21	Bahamas	73.58	23.69	15.65	10.00	10.00	0.00	5.00	5.00	2.90	1.34
40	38	-2	Saudi Arabia	73.50	16.48	16.17	10.00	10.00	4.38	5.00	3.67	4.10	3.71
41	37	-4	Greece	73.26	13.84	16.54	10.00	10.00	4.79	5.00	5.00	4.00	4.09
42	42	0	Bahrain	71.13	15.89	14.98	10.00	10.00	3.75	5.00	3.90	3.90	3.71
43	41	-2	Indonesia	70.95	18.08	15.70	8.36	10.00	4.69	2.88	4.17	3.30	3.77
44	36	-8	Malta	70.91	22.97	19.51	0.00	10.00	7.08	0.00	3.80	3.80	3.74
45	40	-5	China	70.50	18.24	16.40	9.49	10.00	5.63	0.06	3.17	3.60	3.92
46	44	-2	Hungary	70.06	17.54	15.15	7.92	10.00	4.38	5.00	2.50	3.70	3.87
47	45	-2	Oman	69.92	17.59	15.96	9.38	10.00	4.69	0.00	5.00	3.60	3.71
48	48	0	South Africa	69.88	16.18	14.39	10.00	10.00	3.75	5.00	3.17	3.30	4.09
49	64	15	Mauritius	67.82	21.58	16.00	9.12	10.00	5.00	1.12	2.50	2.50	0.00
50	46	-4	India	64.61	15.30	14.55	8.84	9.95	4.06	0.28	4.17	3.20	4.27
51	52	1	Mexico	64.14	15.45	13.57	8.37	9.86	3.13	2.44	3.83	3.50	3.99
52	47	-5	Colombia	63.68	13.27	14.34	8.91	9.85	4.38	1.80	3.67	3.30	4.16
53	49	-4	Slovak Republic	63.46	16.26	14.57	9.28	10.00	4.38	0.31	1.50	3.40	3.77
54	51	-3	Philippines	63.14	16.90	14.57	8.84	8.36	3.13	1.05	3.00	3.50	3.81
55	50	-5	Tunisia	62.86	14.88	14.92	8.74	10.00	4.38	0.14	2.83	3.20	3.78
56	56	0	Uruguay	62.46	19.31	12.77	8.91	8.92	3.96	0.33	3.83	1.00	3.43
57	65	8	Botswana	61.76	18.15	15.76	9.70	10.00	0.00	0.00	4.17	1.40	2.58
58	67	9	Trinidad & Tobago	59.53	17.78	12.93	8.87	9.13	3.75	0.00	4.17	2.90	0.00
59	54	-5	Argentina	59.17	15.73	13.35	8.59	6.39	2.19	0.68	4.67	3.60	3.99
60	57	-3	Brazil	59.11	14.36	12.40	8.63	9.00	1.88	1.43	4.17	3.40	3.85
61	75	14	Croatia	57.58	14.12	11.25	9.55	10.00	4.38	1.37	0.83	2.80	3.28
62	55	-7	Poland	56.58	18.43	14.71	9.16	0.00	4.58	0.28	1.83	3.60	3.97
63	76	13	Latvia	55.04	11.86	11.38	9.85	10.00	5.00	0.00	2.60	2.60	1.75
64	78	14	Egypt	54.73	14.13	12.21	8.59	7.27	3.75	0.00	2.50	2.70	3.58
65	70	5	Paraguay	54.04	16.39	10.96	9.39	10.00	2.50	0.01	3.50	1.30	0.00
66	66	0	Morocco	53.65	13.09	13.24	8.14	9.32	0.00	0.19	3.00	3.10	3.57
67	53	-14	Turkey	53.39	11.02	11.94	8.63	10.00	1.88	0.84	2.83	2.90	3.36
68	140	72	Swaziland	53.36	21.91	11.65	9.60	10.00	0.00	0.00	0.00	0.20	0.00
69	71	2	Estonia	53.21	14.24	11.74	9.88	10.00	0.00	0.00	3.00	2.50	1.85
70	72	2	Jordan	53.20	14.86	11.30	7.91	7.57	2.50	0.00	3.50	2.20	3.36
71	62	-9	Barbados	52.81	19.87	12.76	0.00	10.00	3.13	0.00	4.33	1.50	1.22
72	59	-13	Lithuania	52.52	11.31	10.80	9.81	10.00	3.44	0.00	3.00	2.70	1.47
73	63	-10	Vietnam	52.41	14.48	11.73	8.04	10.00	0.00	0.00	2.00	2.70	3.46
74	69	-5	Panama	52.36	14.55	10.75	8.49	9.62	0.00	0.00	3.33	2.90	2.72
75	61	-14	Romania	51.65	10.94	11.21	9.44	10.00	2.50	0.42	1.33	3.00	2.81
76	147	71	Seychelles	50.51	21.29	9.90	9.32	10.00	0.00	0.00	0.00	0.00	0.00
77	89	12	Costa Rica	50.23	17.63	11.01	8.96	9.25	0.00	0.09	2.50	0.80	0.00
78	90	12	El Salvador	49.39	14.79	9.14	9.38	8.98	3.13	0.00	3.67	0.30	0.00
79	85	6	Sri Lanka	49.19	12.70	9.51	8.92	10.00	0.00	0.00	3.00	2.10	2.96
80	79	-1	Venezuela	49.08	12.32	10.38	8.74	10.00	2.19	0.09	2.67	2.70	0.00
81	83	2	Lebanon	48.98	12.58	9.52	9.24	9.33	0.00	0.34	1.50	3.20	3.27
82	68	-14	Pakistan	48.94	10.10	8.98	8.58	10.00	1.56	0.97	3.50	2.50	2.75
83	73	-10	Peru	48.19	11.97	10.98	8.83	6.84	1.25	0.19	2.00	2.50	3.64
84	82	-2	Ghana	47.85	10.77	10.10	8.05	9.91	0.00	0.00	3.33	2.70	2.99
85	80	-5	Papua New Guinea	47.68	12.87	9.46	8.72	10.00	0.00	1.23	3.50	1.90	0.00
86	81	-5	Ecuador	46.57	10.55	9.20	8.10	9.72	0.00	0.99	3.17	1.90	2.94
87	125	38	Lesotho	46.35	13.87	9.94	9.14	10.00	0.00	0.00	1.70	1.70	0.00
88	92	4	Bolivia	45.93	11.26	9.36	7.95	9.15	0.00	0.90	3.33	1.60	2.38
89	107	18	Dominican Republic	45.36	13.75	7.60	9.14	8.18	0.00	0.00	3.17	1.00	2.52
90	103	13	Jamaica	44.15	13.73	8.80	7.64	8.97	0.00	1.36	3.25	0.40	0.00
91	87	-4	Russia	43.97	9.66	8.09	9.31	8.26	3.13	0.00	1.00	2.90	1.63
92	99	7	Gabon	43.47	13.84	7.56	7.91	9.80	0.00	0.00	4.17	0.20	0.00
93	108	15	Guatemala	43.27	14.04	8.46	9.40	8.51	0.00	0.00	2.17	0.70	0.00
94	95	1	Bangladesh	42.65	9.03	9.44	8.86	10.00	0.00	0.00	2.83	0.30	2.19
95	77	-18	Zimbabwe	42.00	10.83	10.19	0.00	10.00	0.00	2.90	3.83	1.70	2.54
96	88	-8	Kenya	41.22	8.48	9.10	7.94	10.00	0.00	0.00	2.17	1.50	2.03
97	105	8	Senegal	40.84	10.54	7.17	8.39	9.72	0.00	0.02	4.00	1.00	0.00
98	130	32	Kazakhstan	40.25	9.85	8.39	9.56	2.38	2.50	0.16	2.80	2.80	1.82
99	94	-5	Nepal	40.11	6.16	9.10	9.04	10.00	0.00	0.00	3.50	0.10	2.22
100	150	50	Syria	39.78	10.33	7.52	8.03	10.00	0.00	0.00	1.50	2.40	0.00
101	97	-4	Côte d’Ivoire	38.84	9.11	7.29	5.90	9.50	0.00	0.76	4.17	2.10	0.00
102	98	-4	Algeria	38.53	7.80	6.43	7.88	10.00	0.00	0.00	3.00	2.30	1.12
103	116	13	Burkina Faso	38.43	9.11	6.52	8.87	9.43	0.00	0.00	4.00	0.50	0.00
104	119	15	Honduras	37.46	9.42	6.94	7.43	9.18	0.00	1.12	3.17	0.20	0.00
105	100	-5	Uganda	36.70	8.24	7.23	8.53	9.50	0.00	0.00	3.00	0.20	0.00
106	124	18	Niger	36.39	7.89	6.39	8.19	9.73	0.00	0.00	4.00	0.20	0.00
107	104	-3	Macedonia	35.60	9.35	5.72	9.02	10.00	0.00	0.00	0.00	0.70	0.81
108	109	1	Solomon Islands	35.53	0.00	11.92	9.38	10.00	0.00	0.63	3.50	0.10	0.00
109	86	-23	Fiji	35.47	0.00	12.19	9.65	10.00	0.00	0.00	3.33	0.30	0.00
110	112	2	Vanuatu	35.32	0.00	12.08	9.64	10.00	0.00	0.00	3.50	0.10	0.00
111	93	-18	Bulgaria	35.07	6.57	6.09	8.22	9.40	0.63	0.00	1.83	0.80	1.54
112	132	20	Benin	34.79	8.90	4.95	8.63	9.01	0.00	0.00	2.00	1.30	0.00
113	126	13	Moldova	33.79	7.98	5.23	9.53	6.92	3.13	0.00	0.00	1.00	0.00
114	149	35	Mongolia	33.71	7.10	7.20	8.91	10.00	0.00	0.00	0.00	0.50	0.00
115	129	14	Namibia	33.46	17.89	11.26	0.00	0.00	0.00	0.00	0.00	1.30	3.01
116	110	-6	Cambodia	33.25	6.83	5.31	8.96	10.00	0.00	0.00	1.83	0.30	0.00
117	148	31	Uzbekistan	33.03	8.01	6.41	9.76	5.65	0.00	0.00	0.00	2.00	1.19
118	84	-34	Myanmar	32.92	10.22	7.14	0.00	10.00	0.00	0.00	3.17	0.20	2.20
119	96	-23	Belize	32.56	0.00	9.74	9.01	9.60	0.00	0.00	3.50	0.70	0.00
120	134	14	Chad	32.51	5.98	3.43	8.70	10.00	0.00	0.00	4.00	0.40	0.00
121	117	-4	Malawi	32.44	5.25	6.17	6.99	10.00	0.00	0.00	3.83	0.20	0.00
122	123	1	Cameroon	32.02	7.79	4.03	7.87	8.86	0.00	0.00	2.17	1.30	0.00
123	114	-9	Western Samoa	32.00	0.00	13.04	8.76	10.00	0.00	0.00	0.00	0.20	0.00
124	131	7	Laos	30.79	9.22	5.42	8.11	3.65	0.00	0.00	3.50	0.90	0.00
125	118	-7	Mali	30.78	5.63	6.85	7.86	9.64	0.00	0.00	0.00	0.80	0.00
126	111	-15	Gambia	30.34	12.40	5.71	0.00	10.00	0.00	0.00	1.83	0.40	0.00
127	122	-5	Mauritania	30.28	12.21	2.84	6.06	9.06	0.00	0.00	0.00	0.10	0.00
128	128	0	Madagascar	30.21	5.36	4.53	7.79	9.84	0.00	0.00	2.50	0.20	0.00
129	133	4	Maldives	30.08	0.00	11.12	8.86	10.00	0.00	0.00	0.00	0.10	0.00
130	142	12	Yemen	29.82	5.88	3.89	7.79	10.00	0.00	0.00	2.17	0.10	0.00
131	101	-30	St Lucia	29.77	0.00	10.11	9.56	10.00	0.00	0.00	0.00	0.10	0.00
132	113	-19	Togo	29.75	6.68	5.59	8.06	9.23	0.00	0.00	0.00	0.20	0.00
133	115	-18	Albania	29.58	3.09	4.92	9.54	10.00	0.00	0.00	1.83	0.20	0.00
134	135	1	Guinea	29.55	8.37	2.78	8.04	9.35	0.00	0.00	0.00	1.00	0.00
135	106	-29	Iran	29.44	10.21	8.20	0.00	7.04	0.00	0.00	1.50	2.50	0.00
136	136	0	Ukraine	29.31	6.23	5.27	9.71	2.95	0.00	0.07	2.50	1.40	1.19
137	146	9	Haiti	28.99	5.80	2.06	8.21	10.00	0.00	0.00	2.83	0.10	0.00
138	120	-18	Central African Republic	28.58	10.48	3.81	0.00	10.00	0.00	0.00	4.00	0.30	0.00
139	137	-2	Tanzania	28.49	4.26	5.28	6.65	9.64	0.00	0.03	1.83	0.80	0.00
140	102	-38	Dominica	28.42	0.00	9.10	9.22	10.00	0.00	0.00	0.00	0.10	0.00
141	138	-3	Armenia	27.50	7.05	2.28	9.66	7.80	0.00	0.00	0.00	0.70	0.00
142	161	19	Congo	27.29	7.44	2.84	4.53	9.67	0.00	0.00	2.50	0.30	0.00
143	144	1	Saint Vincent & the Grenadines	27.17	0.00	8.43	8.64	10.00	0.00	0.00	0.00	0.10	0.00
144	127	-17	Nigeria	26.78	4.34	3.85	7.73	8.43	0.00	0.00	1.83	0.60	0.00
145	156	11	Rwanda	25.58	6.80	0.38	8.40	10.00	0.00	0.00	0.00	0.00	0.00
146	158	12	Turkmenistan	24.94	6.90	5.26	0.00	10.00	0.00	0.00	0.00	1.80	0.98
147	151	4	Cape Verde	24.72	0.00	5.50	9.12	10.00	0.00	0.00	0.00	0.10	0.00
148	166	18	Angola	24.64	4.52	1.76	5.86	10.00	0.00	0.00	1.00	1.50	0.00
149	159	10	Equatorial Guinea	24.18	11.14	2.84	0.00	10.00	0.00	0.00	0.00	0.20	0.00
150	153	3	Nicaragua	23.32	9.17	3.18	0.78	7.95	0.00	0.00	1.83	0.40	0.00
151	164	13	Guinea-Bissau	23.08	4.33	2.39	3.90	9.59	0.00	0.00	2.67	0.20	0.00
152	162	10	Mozambique	22.87	4.46	2.84	2.91	8.24	0.00	2.19	1.83	0.40	0.00
153	169	16	Azerbaijan	22.75	5.83	3.92	0.00	10.00	0.00	0.00	1.50	1.50	0.00
154	143	-11	Belarus	22.70	3.24	2.78	9.79	5.99	0.00	0.00	0.00	0.90	0.00
155	178	23	Surinam	22.54	17.39	4.95	0.00	0.00	0.00	0.00	0.00	0.20	0.00
156	163	7	Sierra Leone	21.86	3.49	2.02	5.63	8.79	0.00	0.00	1.83	0.10	0.00
157	121	-36	Zambia	21.84	3.94	3.41	1.81	9.72	0.00	0.02	1.83	1.10	0.00
158	91	-67	Tonga	21.43	0.00	11.23	0.00	10.00	0.00	0.00	0.00	0.20	0.00
159	141	-18	Ethiopia	20.88	5.35	4.19	0.00	9.32	0.00	0.00	1.83	0.20	0.00
160	139	-21	Guyana	20.39	0.00	4.38	4.32	8.99	0.00	0.00	2.50	0.20	0.00
161	145	-16	Bhutan	20.33	0.00	7.56	0.00	10.00	0.00	0.00	2.67	0.10	0.00
162	174	12	Tajikistan	20.23	1.04	2.94	9.52	5.73	0.00	0.00	0.00	1.00	0.00
163	168	5	Libya	20.15	9.05	9.43	0.00	0.00	0.00	0.00	1.67	0.00	0.00
164	172	8	Sao Tome & Principe	20.09	4.73	5.43	0.00	9.83	0.00	0.00	0.00	0.10	0.00
165	152	-13	Grenada	19.90	0.00	9.70	0.00	10.00	0.00	0.00	0.00	0.20	0.00
166	–	–	Yugoslavia	19.83	4.18	4.42	0.00	10.00	0.00	0.00	0.33	0.90	0.00
167	170	3	New Caledonia	19.53	0.00	14.43	0.00	0.00	0.00	0.00	5.00	0.10	0.00
168	173	5	Somalia	16.53	4.59	0.00	0.00	10.00	0.00	0.00	1.83	0.10	0.00
169	157	-12	Kyrgyzstan	16.41	5.37	4.35	0.00	4.88	0.00	0.00	0.00	1.80	0.00
170	160	-10	Sudan	16.40	3.22	1.34	0.00	10.00	0.00	0.00	1.83	0.00	0.00
171	171	0	Liberia	15.19	2.72	0.64	0.00	10.00	0.00	0.00	0.83	1.00	0.00
172	165	-7	Zaire	14.74	0.90	1.40	0.00	10.00	0.00	0.00	1.83	0.60	0.00
173	154	-19	Georgia	14.03	7.25	2.54	0.00	3.55	0.00	0.00	0.00	0.70	0.00
174	155	-19	Djibouti	13.87	0.00	3.77	0.00	10.00	0.00	0.00	0.00	0.10	0.00
175	175	0	Cuba	10.35	5.86	1.55	0.00	0.00	0.00	0.00	1.83	1.10	0.00
176	167	-9	Antigua & Barbuda	6.56	0.00	6.06	0.00	0.00	0.00	0.00	0.00	0.50	0.00
177	176	-1	Iraq	5.98	4.18	0.97	0.00	0.00	0.00	0.00	0.83	0.00	0.00
178	179	1	Afghanistan	4.09	2.56	1.54	0.00	0.00	0.00	0.00	0.00	0.00	0.00
179	177	-2	Korea, North	3.08	0.00	1.25	0.00	0.00	0.00	0.00	1.83	0.00	0.00