New York, NY (PRWEB) March 14, 2006
The U.S. rose from ninth to eighth place among the world’s most creditworthy nations, according to sovereign-risk analysts and economists who answered Institutional Investor’s latest biannual questionnaire on country creditworthiness. As reported in the March issue of II, the U.S. had an average credit rating of 93.5 out of a possible 100, compared with 92.5 in the last survey, published in September 2005. In the same six-month period, global average creditworthiness rose a full point, to 45.1.
In the past six months, 100 countries gained at least a point, the amount considered statistically significant, and only 24 fall by that much. Western Europe achieves its highest regional rating ever and the Middle East does its best since the first survey 27 years ago. Switzerland again boasted the highest credit score of the countries rated in the survey, followed by Norway, which continues to hold second place. In third place was Finland, which jumps two slots from fifth.
To view the top countries in order of their Country Credit ratings, click on the attached document or http://new.backoffice.euromoneydigital.com/images/31/otherContent/March_2006_Country.pdf
Over the past 27 years, Institutional Investor Country Credit ratings have gained a following among economists and government officials. The U.S. government has selected the Country Credit ratings as an indicator in determining the suitability of countries seeking assistance from the U.S. Millennium Challenge Account economic aid program. For more information please visit http://www.InstitutionalInvestor.com/pr.
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