Slovakia - BBB

 

Debt/GDP = 0,45 (45%)
Accumulated deficit for last 5 years/budget income for last 5 years = 0,13
Years since last default = 67 (Occupied in WW2 is de facto a default of the country till 1945)
5-year inflation = 0,13 (13%)
Budget expences/GDP = 0,40
Trade deficit/GDP = -0,012 (Surplus)
World GDP per capita/Country GDP per capita = 0,49
Political factor = 0,2
Crisis factor = 0,4 (Involved in Afghanistan war)
Other unique factors = 1 (no other important and missing in formula factors, that require reduction of the rating)


OVERALL CREDIT SCORE: 0,788(78,8%). This responds to BBB.


Calculated with this 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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