Sunday, March 8, 2009

Norway, Finland strong

The Country Risk Service publishes regular ratings on 120 sovereigns. The ratings for emerging markets are updated monthly while those for most developed countries are updated bi-annually. The sovereign rating measures the risk of a build-up in arrears of principal and/or interest on foreign- and/or local-currency debt that is the direct obligation of the sovereign or guaranteed by the sovereign.
Only Norway and Finland scored AAA -- that means the country has capacity and commitment to honour obligations not in question under any foreseeable circumstances.
Only one country Zimbabwe has D -- that means very weak capacity and commitment to honour obligations. Poor payment record. Currently in default on significant amount of obligations.

(According to the February 2009 report.)

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