Estonia - A

  Debt/GDP = 0,06 (6%)
Accumulated deficit for last 5 years/budget income for last 5 years = 0,01 
Years since last default = 21 (Independent since 1991)
5-year inflation = 0,22 (22%)
Budget expences/GDP = 0,40
Trade deficit/GDP = 0,026
World GDP per capita/Country GDP per capita = 0,36
Political factor = 0,2
Crisis factor = 0,4 (Involved in Afghanistan war)
Other unique factors = 1,5 (Risky relationship with Russia and russian minority)

OVERALL CREDIT SCORE: 0,805 (80,5%). This responds to A.

The rating is 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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