Asia
Taiwan - A
Debt/GDP = 0,34 (34%)Accumulated deficit for last 5 years/budget income for last 5 years = 0,12
Years since last default = 63 (ecountry existing since 1949)
5-year inflation = 0,07 (7%)
Budget expences/GDP = 0,18
Trade deficit/GDP = -0,053 (Taiwan has a trade surplus)
World GDP per capita/Country GDP per capita = 0,4
Political factor = 0,2
Crisis factor = 0,1
Other unique factors = 1,5 (some problems with China)
OVERALL CREDIT SCORE: 0,848 (84,8%). This responds to A.
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]}
Sri Lanka - D
Debt/GDP = 0,78 (78%)Accumulated deficit for last 5 years/budget income for last 5 years = 0,54
Years since last default = 16 (1996)
5-year inflation = 0,55 (55%)
Budget expences/GDP = 0,21
Trade deficit/GDP = 0,17
World GDP per capita/Country GDP per capita = 3,14
Political factor = 0,3
Crisis factor = 0,1
Other unique factors = 2 (just finished civil war)
OVERALL CREDIT SCORE: 0,417 (41,7%). This responds to D.
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]}
Singapore - AAA
Debt/GDP =1,18 (118%)Accumulated deficit for last 5 years/budget income for last 5 years = -0,25 (Surplus)
Years since last default = 67 (Occupied during WW2 - till 1945)
5-year inflation = 0,20 (20%)
Budget expences/GDP = 0,14
Trade deficit/GDP = -0,154 (surplus)
World GDP per capita/Country GDP per capita = 0,17
Political factor = 0,2
Crisis factor = 0,4 (Involved in Afghanistan war)
Other unique factors = 1,1
OVERALL CREDIT SCORE: 1,26 (126%). This responds to AAA.
(This is one of the very rare cases with a rating above 100%. This is not strange, it is real. Singapore has a trade and budget surplus and very high nominal GDP per capita. It is a stable and neutral country. So it is a dream-debtor. Generally this rating means that it is good to lend money to a rich and wise country...)
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]}
Qatar - AAA
Debt/GDP = 0,089 (8,9%)
Accumulated deficit for
last 5 years/budget income for last 5 years = -0,24 (Surplus)
Years since last default
= 41 (Independent since 1971)
5-year inflation = 0,19 (19%)
Budget expences/GDP =
0,21
Trade deficit/GDP = -0,45 (Surplus)
World GDP per capita/Country GDP
per capita = 0,089
Political factor = 0,4
Crisis factor = 0,2
Other unique factors = 1,8 (risky region, radical islamists, civil unrest)
OVERALL CREDIT SCORE: 2,17 (217%). This responds to
AAA.
(This is one of the very rare cases with a rating above 100%. This is not strange, it is real. Qatar has an enormous trade and budget surplus, so it is a dream-debtor. Generally this rating means that it is good to lend money to a rich petrol country...)
------------------
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]}
Philippines - CC
Debt/GDP = 0,49 (49%)Accumulated deficit for last 5 years/budget income for last 5 years = 0,13
Years since last default = 29 (1983)
5-year inflation = 0,23 (23%)
Budget expences/GDP = 0,166
Trade deficit/GDP = 0,064
World GDP per capita/Country GDP per capita = 3,86
Political factor = 0,3
Crisis factor = 0,1
Other unique factors = 1,8 (risky region, recent dictatorship)
OVERALL CREDIT SCORE: 0,562 (56,2%). This responds to CC.
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]} Read more...
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