| March 2009 | Sept 2008 | Country | Overall score (100) | Political risk (25) | Economic performance (25) |
Debt indicators (10) |
Debt in default or rescheduled (10) |
Credit rating (10) |
Access to bank finance (5) | Access to short-term finance (5) | Access to capital markets (5) |
Forfaiting (5) |
2
Norway
96.37
24.12
25.00
10.00
10.00
10.00
5.00
4.75
5.00
2.50
2
1
Luxembourg
94.40
23.64
24.51
10.00
10.00
10.00
5.00
4.75
5.00
1.50
3
3
Switzerland
92.94
24.18
21.50
10.00
10.00
10.00
5.00
4.75
5.00
2.50
4
5
Denmark
89.77
23.33
20.19
10.00
10.00
10.00
5.00
4.75
5.00
1.50
5
4
Finland
89.02
24.17
18.61
10.00
10.00
10.00
5.00
4.75
5.00
1.50
6
10
United States
88.64
23.10
17.09
10.00
10.00
10.00
5.00
4.75
5.00
3.70
7
6
Netherlands
88.39
23.45
18.69
10.00
10.00
10.00
5.00
4.75
5.00
1.50
8
7
Sweden
88.36
23.58
18.53
10.00
10.00
10.00
5.00
4.75
5.00
1.50
9
9
Austria
87.29
23.65
17.39
10.00
10.00
10.00
5.00
4.75
5.00
1.50
10
12
Canada
86.93
23.45
15.90
10.00
10.00
10.00
5.00
4.75
5.00
2.83
11
15
Singapore
86.92
22.43
16.36
10.00
10.00
10.00
5.00
4.75
5.00
3.38
12
8
Ireland
86.87
22.67
17.95
10.00
10.00
10.00
5.00
4.75
5.00
1.50
13
11
Germany
86.30
23.69
16.36
10.00
10.00
10.00
5.00
4.75
5.00
1.50
14
14
Australia
85.81
23.00
15.77
10.00
10.00
9.79
5.00
4.75
5.00
2.50
15
13
United Kingdom
85.47
22.86
16.36
10.00
10.00
10.00
5.00
4.75
5.00
1.50
16
16
France
85.02
23.27
15.50
10.00
10.00
10.00
5.00
4.75
5.00
1.50
17
18
Japan
83.92
22.29
15.22
10.00
10.00
9.17
5.00
4.75
5.00
2.50
18
17
Belgium
83.88
22.10
16.16
10.00
10.00
9.38
5.00
4.75
5.00
1.50
19
20
New Zealand
81.56
22.40
12.33
10.00
10.00
9.58
5.00
4.75
5.00
2.50
20
21
Hong Kong
81.30
20.00
16.09
10.00
10.00
8.96
5.00
4.75
5.00
1.50
21
25
Kuwait
80.31
18.83
16.98
10.00
10.00
8.44
5.00
4.12
4.25
2.70
22
22
Spain
79.80
21.43
12.48
10.00
10.00
9.79
5.00
4.59
5.00
1.50
23
23
Italy
79.46
20.63
14.45
10.00
10.00
8.13
5.00
4.75
5.00
1.50
24
26
Slovenia
79.13
20.65
12.84
10.00
10.00
8.75
5.00
4.43
4.25
3.20
25
33
Bermuda
78.48
21.21
12.65
10.00
10.00
9.17
5.00
3.96
5.00
1.50
26
27
Greece
78.31
19.33
12.97
10.00
10.00
8.75
5.00
4.75
5.00
2.50
27
29
Cyprus
76.55
19.58
12.79
10.00
10.00
7.92
5.00
4.59
4.50
2.17
28
28
United Arab Emirates
76.29
18.40
12.49
10.00
10.00
8.44
5.00
4.51
4.75
2.70
29
32
Qatar
75.86
18.08
13.08
10.00
10.00
8.33
5.00
4.12
4.75
2.50
30
24
Portugal
75.85
21.22
10.21
10.00
10.00
8.33
5.00
4.59
5.00
1.50
31
31
Malta
75.50
21.29
10.17
10.00
10.00
7.29
5.00
4.75
5.00
2.00
32
38
Czech Republic
75.30
19.49
11.30
10.00
10.00
7.29
5.00
4.75
4.38
3.10
33
30
Bahrain
74.55
16.56
14.35
10.00
10.00
6.88
5.00
4.12
4.75
2.90
34
39
Slovak Republic
74.32
19.94
11.00
10.00
10.00
7.50
5.00
3.85
4.13
2.90
35
35
Israel
73.62
17.08
13.49
10.00
10.00
7.08
5.00
3.96
4.75
2.25
36
34
Taiwan
72.92
19.25
9.80
10.00
10.00
7.92
5.00
4.75
3.50
2.70
37
37
Saudi Arabia
72.60
15.77
12.95
10.00
10.00
7.97
5.00
3.96
4.25
2.70
38
42
Oman
71.40
17.00
12.16
10.00
10.00
6.88
5.00
4.12
3.75
2.50
39
19
Iceland
70.82
15.96
15.81
10.00
10.00
4.79
5.00
4.75
2.50
2.00
40
41
South Korea
70.04
18.46
13.55
10.00
10.00
7.08
0.00
4.12
4.33
2.50
41
36
Bahamas
68.46
18.75
8.85
10.00
10.00
6.25
5.00
4.12
4.00
1.50
42
40
Brunei
68.21
17.81
16.15
10.00
10.00
0.00
5.00
4.75
3.00
1.50
43
44
Chile
67.94
19.63
10.12
9.15
10.00
7.08
0.89
3.33
4.33
3.40
44
43
Poland
66.79
18.26
9.73
8.58
10.00
6.41
1.35
4.75
4.50
3.20
45
49
Malaysia
63.90
16.93
11.22
9.74
10.00
6.25
0.25
3.01
4.00
2.50
46
50
China
63.81
16.62
9.97
10.00
10.00
7.34
0.10
2.38
4.50
2.90
47
45
Botswana
63.09
18.55
9.62
9.84
10.00
6.88
0.00
3.96
2.00
2.25
48
51
Mexico
61.53
16.52
7.54
9.45
10.00
5.63
0.22
4.12
4.67
3.40
49
53
Russia
60.05
14.75
10.53
9.47
10.00
5.42
0.51
2.38
4.50
2.50
50
54
South Africa
59.79
15.44
8.29
9.56
10.00
5.63
0.26
3.17
4.75
2.70
51
60
Brazil
59.15
16.08
9.27
9.00
10.00
4.17
0.43
3.17
4.33
2.70
52
57
Croatia
58.91
15.44
9.82
7.59
10.00
4.58
1.97
2.90
3.50
3.10
53
64
Tunisia
57.59
16.02
8.53
8.83
10.00
5.00
0.00
3.01
3.50
2.70
54
48
Hungary
57.34
17.43
7.62
0.00
10.00
5.47
5.00
4.75
3.88
3.20
55
72
Macau
57.18
17.75
12.19
0.00
10.00
8.13
0.00
4.12
3.50
1.50
56
46
Barbados
56.67
19.00
8.87
0.00
10.00
5.31
5.00
3.48
3.50
1.50
57
55
Mauritius
56.54
17.61
8.76
8.95
10.00
5.00
0.04
3.17
1.50
1.50
58
52
Lithuania
56.25
16.33
9.02
0.00
10.00
6.04
5.00
3.85
4.00
2.00
59
66
Peru
55.98
13.84
9.99
8.90
10.00
4.17
0.42
2.53
3.83
2.30
60
61
Thailand
55.96
13.35
7.66
9.55
10.00
5.63
0.77
3.01
3.50
2.50
61
58
Romania
55.88
13.84
8.76
8.58
10.00
3.96
1.23
2.43
3.88
3.20
62
59
Latvia
55.78
15.98
6.33
5.46
10.00
4.79
3.64
3.85
3.63
2.10
63
63
Morocco
55.60
15.00
7.65
9.34
10.00
4.06
0.18
3.17
3.50
2.70
64
67
Panama
55.56
14.33
10.01
9.02
10.00
3.75
0.27
3.01
3.67
1.50
65
62
Bulgaria
55.52
15.07
7.31
8.10
10.00
4.58
1.96
2.43
3.17
2.90
66
69
Kazakhstan
54.22
12.23
8.92
7.05
10.00
4.58
5.00
2.02
2.75
1.67
67
73
Colombia
53.59
13.30
7.41
9.07
10.00
3.75
0.25
3.17
4.33
2.30
68
76
Turkey
53.29
13.55
7.37
8.51
10.00
2.50
0.96
3.01
4.50
2.90
69
65
Trinidad & Tobago
53.19
15.89
12.57
0.00
10.00
6.25
0.00
3.64
3.00
1.83
70
68
Egypt
53.06
12.89
7.87
9.61
10.00
3.91
0.00
2.53
3.75
2.50
71
70
Costa Rica
52.59
14.91
7.42
9.41
10.00
3.33
0.17
2.85
3.50
1.00
72
71
Azerbaijan
51.39
10.79
10.73
9.76
10.00
3.75
0.02
2.10
2.75
1.50
73
75
Jordan
50.17
13.63
5.99
8.94
9.98
3.13
0.00
2.69
3.50
2.30
74
119
St Vincent & the Grenadines
50.07
14.06
10.61
8.64
10.00
1.88
0.00
2.38
2.50
0.00
75
94
Uruguay
49.22
13.98
7.95
8.73
10.00
2.50
0.04
2.85
2.33
0.83
76
78
Indonesia
49.21
12.00
6.92
9.32
10.00
2.66
0.20
2.22
4.00
1.90
77
79
Philippines
48.06
12.13
5.97
9.13
10.00
2.50
0.40
2.22
4.00
1.70
78
56
India
47.97
15.26
7.73
0.00
10.00
4.38
0.41
3.17
3.83
3.20
79
77
Vietnam
47.80
11.96
5.74
9.33
10.00
2.66
0.00
2.22
4.00
1.90
80
82
Guatemala
47.79
11.61
6.42
9.58
10.00
3.33
0.00
2.85
2.50
1.50
81
83
El Salvador
47.27
12.39
4.31
9.03
10.00
3.96
0.08
3.01
3.00
1.50
82
96
Maldives
46.52
14.25
8.54
8.51
10.00
0.00
0.00
2.22
3.00
0.00
83
85
Armenia
45.77
10.84
8.08
9.34
10.00
3.13
0.60
1.80
2.00
0.00
84
127
Grenada
45.62
14.38
9.87
7.48
10.00
0.63
0.00
1.27
2.00
0.00
85
74
Antigua & Barbuda
45.58
12.92
12.97
0.00
10.00
0.00
5.00
2.69
2.00
0.00
86
91
St Lucia
45.40
14.70
6.62
8.70
10.00
0.00
0.00
2.38
3.00
0.00
87
81
Ukraine
45.38
10.91
5.83
8.77
10.00
1.67
1.81
1.90
3.25
1.25
88
90
Nigeria
45.11
10.00
6.92
9.98
10.00
2.50
0.01
1.70
3.00
1.00
89
84
Albania
45.10
11.81
7.32
9.49
10.00
1.88
0.01
2.10
1.50
1.00
90
92
Honduras
44.74
11.19
5.39
9.41
9.99
1.56
0.14
3.01
2.17
1.88
91
142
New Caledonia
44.73
15.00
13.98
0.00
10.00
0.00
0.00
4.75
1.00
0.00
92
87
Dominican Republic
44.70
11.48
6.98
9.31
10.00
1.25
0.13
2.14
2.67
0.75
93
89
Ghana
44.68
12.89
4.26
9.34
10.00
1.88
0.00
2.38
2.83
1.10
94
103
Mozambique
43.93
12.23
5.27
9.23
10.00
1.56
0.00
2.14
2.50
1.00
95
101
Cape Verde
43.74
13.57
6.70
9.20
10.00
1.88
0.00
1.90
0.50
0.00
96
93
Angola
43.71
10.12
9.37
9.67
10.00
0.00
0.00
2.38
1.50
0.67
97
100
Sri Lanka
42.81
9.55
6.05
9.19
10.00
1.56
0.03
2.45
2.67
1.30
98
111
Argentina
42.57
10.00
8.57
9.02
9.99
0.42
0.14
1.27
1.67
1.50
99
47
Estonia
42.55
18.11
7.87
0.00
0.00
6.88
0.00
3.90
3.50
2.30
100
109
Jamaica
42.03
11.92
3.79
7.87
10.00
1.46
1.46
2.53
3.00
0.00
101
99
Venezuela
41.96
7.77
7.96
9.71
10.00
1.88
0.00
1.11
2.67
0.88
102
134
Lebanon
41.73
9.93
7.16
7.95
10.00
0.63
0.00
2.06
2.75
1.25
103
153
Samoa
41.53
16.90
5.31
6.10
10.00
0.00
0.00
2.22
1.00
0.00
104
102
Lesotho
41.48
11.39
4.87
9.53
10.00
2.50
0.00
2.69
0.50
0.00
105
88
Georgia
41.30
10.15
5.70
9.35
10.00
1.56
0.09
1.70
2.50
0.25
106
95
Belarus
41.04
7.46
7.52
9.55
10.00
1.88
0.19
1.11
2.33
1.00
107
130
Equatorial Guinea
41.03
9.50
9.65
8.51
10.00
0.00
0.00
2.38
1.00
0.00
108
105
Vanuatu
40.90
13.67
4.29
9.57
10.00
0.00
0.00
2.38
1.00
0.00
109
137
Namibia
40.58
14.40
6.18
0.00
10.00
4.38
0.00
2.38
2.25
1.00
110
148
Cameroon
40.53
9.75
4.71
9.53
10.00
1.25
0.04
2.38
2.38
0.50
111
80
Macedonia (FYR)
40.32
11.50
8.28
0.00
10.00
3.75
0.54
2.10
2.25
1.90
112
107
Zambia
40.22
10.48
5.00
9.52
9.98
0.00
0.25
1.74
2.50
0.75
113
118
Paraguay
40.16
10.07
5.55
9.49
10.00
0.94
0.08
2.53
1.00
0.50
114
108
Tanzania
40.14
10.80
4.56
9.38
10.00
0.00
0.00
1.90
2.50
1.00
115
120
Tonga
40.13
13.31
3.08
9.36
10.00
0.00
0.00
2.38
2.00
0.00
116
106
Bosnia-Herzegovina
39.95
10.42
5.26
9.07
10.00
1.25
0.04
2.22
0.00
1.70
117
156
Libya
39.72
12.40
11.84
0.00
10.00
0.00
0.00
2.08
2.00
1.40
118
113
Uganda
39.28
9.78
3.65
9.71
10.00
1.25
0.00
2.06
2.00
0.83
119
121
Bangladesh
39.19
9.54
5.09
9.54
10.00
0.00
0.00
2.14
2.00
0.88
120
117
Cambodia
39.15
10.27
4.42
9.29
10.00
1.56
0.00
1.11
2.50
0.00
121
110
Yemen
39.04
9.81
2.63
9.50
10.00
1.25
0.00
2.10
2.50
1.25
122
126
Serbia
39.03
11.83
6.80
0.00
10.00
2.50
1.71
2.14
2.25
1.80
123
104
Swaziland
38.99
11.29
2.40
9.79
10.00
0.00
0.00
3.01
1.00
1.50
124
149
Kyrgyz Republic
38.94
10.64
4.49
8.85
10.00
0.00
0.25
1.70
3.00
0.00
125
124
Kenya
38.92
10.00
2.99
9.40
10.00
1.56
0.00
2.14
2.17
0.67
126
128
Moldova
38.61
9.33
4.46
8.64
9.99
0.31
1.17
1.70
1.50
1.50
127
114
Algeria
38.54
12.79
9.15
0.00
10.00
0.00
0.02
2.38
2.50
1.70
128
155
Congo
38.47
9.03
7.90
8.28
9.84
0.00
0.00
1.66
1.25
0.50
129
133
Rwanda
38.21
11.29
3.89
9.70
10.00
0.63
0.00
2.22
0.50
0.00
130
122
Seychelles
38.10
10.96
5.96
6.56
10.00
0.00
0.00
2.61
2.00
0.00
131
166
Laos
37.83
9.47
6.17
8.35
10.00
0.00
1.07
1.11
1.67
0.00
132
132
Belize
37.51
12.88
4.19
6.70
10.00
0.63
0.00
1.11
2.00
0.00
133
98
Montenegro
37.25
13.83
6.14
0.00
10.00
3.44
0.00
1.34
1.00
1.50
134
158
Sierra Leone
37.23
9.32
6.25
9.53
9.97
0.00
0.00
1.66
0.50
0.00
135
157
Guyana
37.22
9.71
5.70
8.71
10.00
0.00
0.00
1.11
2.00
0.00
136
136
Ethiopia
37.17
8.48
4.74
9.69
10.00
0.00
0.00
2.26
1.00
1.00
137
131
Bolivia
37.13
8.13
5.52
9.37
10.00
0.63
0.48
1.50
1.00
0.50
138
141
Nepal
36.98
8.93
3.90
9.44
10.00
0.00
0.00
2.22
2.00
0.50
139
86
Mongolia
36.87
12.13
7.15
0.00
10.00
1.88
0.01
2.22
3.00
0.50
140
151
Gambia
36.25
11.25
4.04
7.83
10.00
0.00
0.00
2.14
1.00
0.00
141
140
Suriname
35.62
12.00
9.85
0.00
10.00
1.67
0.00
1.11
1.00
0.00
142
138
Gabon
35.57
10.53
7.83
0.00
10.00
2.50
0.00
2.22
2.50
0.00
143
112
Pakistan
35.52
6.69
3.80
9.33
10.00
0.31
0.00
2.14
1.50
1.75
144
135
Dominica
35.19
13.44
7.54
0.00
10.00
0.00
0.00
2.22
2.00
0.00
145
159
Côte d’Ivoire
34.84
8.14
5.40
8.87
10.00
0.00
0.00
1.19
1.25
0.00
146
97
Papua New Guinea
33.88
10.72
7.25
0.00
10.00
1.88
0.48
2.06
1.00
0.50
147
170
Sao Tome & Principe
33.54
10.46
4.08
6.60
10.00
0.00
0.00
1.90
0.50
0.00
148
139
Ecuador
33.13
5.93
4.02
8.99
10.00
0.00
0.41
1.11
2.00
0.67
149
154
Nicaragua
32.84
7.90
2.89
8.59
10.00
0.00
0.39
1.74
1.33
0.00
150
162
Tajikistan
32.44
9.36
1.81
9.32
10.00
0.00
0.05
1.11
0.30
0.50
151
143
Iran
32.15
9.15
8.82
0.00
10.00
2.50
0.00
1.19
0.00
0.50
152
152
Sudan
31.72
5.13
3.79
9.20
10.00
0.00
0.00
1.11
1.00
1.50
153
145
Senegal
31.39
11.50
3.43
0.00
10.00
1.88
0.02
2.06
1.50
1.00
154
160
Bhutan
31.25
13.13
6.06
0.00
10.00
0.00
0.00
2.06
0.00
0.00
155
147
Turkmenistan
31.05
8.46
6.84
0.00
10.00
1.25
0.00
1.74
1.75
1.00
156
168
Haiti
30.98
5.75
3.06
9.54
9.97
0.00
0.00
1.66
1.00
0.00
157
116
Fiji
30.64
9.38
5.87
0.00
10.00
2.19
0.00
2.22
1.00
0.00
158
175
Burundi
30.32
8.64
3.05
6.46
10.00
0.00
0.00
1.66
0.50
0.00
159
146
Solomon Islands
30.31
13.06
3.81
0.00
10.00
0.00
0.54
1.90
1.00
0.00
160
171
Guinea
29.88
7.07
2.15
8.51
10.00
0.00
0.00
1.66
0.50
0.00
161
123
Madagascar
29.24
11.47
3.12
0.00
10.00
1.25
0.00
1.90
1.50
0.00
162
181
Micronesia (Fed. States)
28.86
13.06
2.42
0.00
10.00
0.00
0.00
2.38
1.00
0.00
163
115
Syria
27.76
9.11
4.89
0.00
10.00
0.00
0.00
1.50
1.75
0.50
164
167
Malawi
27.45
9.43
4.69
0.00
9.97
0.63
0.00
1.74
0.50
0.50
165
184
Marshall Islands
26.85
12.00
2.90
0.00
10.00
0.00
0.00
0.95
1.00
0.00
166
182
Cuba
26.55
8.19
6.75
0.00
10.00
0.00
0.00
1.11
0.00
0.50
167
186
Iraq
24.59
6.68
5.72
0.00
10.00
0.00
0.00
1.19
1.00
0.00
168
169
Dem. Rep. Of the Congo
22.28
5.95
1.91
0.00
10.00
0.00
0.00
1.66
1.25
1.50
169
185
North Korea
21.23
5.00
4.12
0.00
10.00
0.00
0.00
1.11
1.00
0.00
170
177
Central African Republic
19.69
7.83
0.76
0.00
9.98
0.00
0.00
1.11
0.00
0.00
171
178
Eritrea
19.59
7.20
0.00
0.00
9.98
0.00
0.00
1.66
0.25
0.50
172
125
Benin
19.25
10.93
3.68
0.00
0.00
1.25
0.00
1.90
0.50
1.00
173
163
Burkina Faso
18.45
10.04
4.45
0.00
0.00
1.25
0.00
2.22
0.50
0.00
174
129
Mali
18.18
10.54
4.61
0.00
0.00
0.63
0.00
1.90
0.00
0.50
175
144
Djibouti
18.01
11.00
4.45
0.00
0.00
0.00
0.00
2.06
0.50
0.00
176
161
Uzbekistan
17.37
6.88
5.65
0.00
0.00
0.00
0.07
1.70
2.25
0.83
177
165
Mauritania
15.17
9.17
3.84
0.00
0.00
0.00
0.00
1.66
0.50
0.00
178
172
Liberia
14.66
8.59
3.19
0.00
0.00
0.00
0.00
2.38
0.50
0.00
179
164
Togo
14.56
9.57
2.33
0.00
0.00
0.00
0.00
1.66
1.00
0.00
180
150
Niger
13.63
7.58
3.99
0.00
0.00
0.00
0.00
2.06
0.00
0.00
181
174
Guinea-Bissau
12.38
7.21
2.51
0.00
0.00
0.00
0.00
1.66
1.00
0.00
182
173
Chad
12.36
6.39
2.30
0.00
0.00
0.00
0.00
1.66
1.00
1.00
183
176
Myanmar
10.95
6.25
2.75
0.00
0.00
0.00
0.00
0.95
1.00
0.00
184
179
Afghanistan
9.75
4.89
3.67
0.00
0.00
0.00
0.00
1.19
0.00
0.00
185
180
Somalia
8.39
1.33
5.44
0.00
0.00
0.00
0.00
1.11
0.50
0.00
186
183
Zimbabwe
5.49
2.31
0.00
0.00
0.00
0.00
0.00
1.19
2.00
0.00
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