China - BBB

  Debt/GDP = 0,175 (17,5%)
Accumulated deficit for last 5 years/budget income for last 5 years = 0,05
Years since last default = 62 (Participation in WW2 and a civil war is de facto a default of China till 1950)
5-year inflation = 0,19 (19%)
Budget expences/GDP = 0,24
Trade deficit/GDP = -0,033 (China has a trade surplus)
World GDP per capita/Country GDP per capita = 1,69
Political factor = 0,4
Crisis factor = 0,3 (3rd party war at the borders)
Other unique factors = 1,5 (not guaranteed human rights, not guaranteed private property)

OVERALL CREDIT SCORE: 0,756 (75,6%). This responds to BBB.

Calculated with this(new) formula:

r = 10/{[1+(debt/GDP)] + [1+10*(accumulated deficit for last 5 years/budget income for last 5 years)] + [1 + (10/years since last default)] + [1+3*(accumulated of last 5 years inflation)] + [1+(budget expences/GDP)] + [1+ 10* (trade deficit/GDP)] + [world's GDP per capita/country's GDP per capita] + [1+political factor] + [1+crisis factor] + [Other unique factors]}


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The rating, calculated with the old formula:


Debt/GDP = 0,175 (17,5%)
Accumulated deficit for last 5 years/budget income for last 5 years = 0,063
Years since last default = 62 (Participation in WW2 and a civil war is de facto a default of China till 1950)
5-year inflation = 0,19 (19%)
Budget expences/GDP = 0,17
Trade deficit/GDP = -0,028 (China has a trade surplus)
Political factor = 0,4
Crisis factor = 0,3 (3rd party war at the borders)

OVERALL CREDIT SCORE: 0,821 (82,1%). This responds to A.
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