| Country | Africa | Moody's rating | Rating-based Default Spread | Total Equity Risk Premium | Country Risk Premium | Sovereign CDS, net of US | Total Equity Risk Premium2 | Country Risk Premium3 |
| Abu Dhabi | Middle East | Aa2 | 0.51% | 5.65% | 0.57% | 0.73% | 5.90% | 0.82% |
| Albania | Eastern Europe & Russia | B1 | 4.62% | 10.27% | 5.19% | NA | NA | NA |
| Andorra (Principality of) | Western Europe | Baa2 | 1.95% | 7.27% | 2.19% | NA | NA | NA |
| Angola | Africa | B2 | 5.64% | 11.42% | 6.34% | NA | NA | NA |
| Argentina | Central and South America | B2 | 5.64% | 11.42% | 6.34% | 3.27% | 8.76% | 3.68% |
| Armenia | Eastern Europe & Russia | B1 | 4.62% | 10.27% | 5.19% | NA | NA | NA |
| Aruba | Caribbean | Baa1 | 1.64% | 6.92% | 1.84% | NA | NA | NA |
| Australia | Australia & New Zealand | Aaa | 0.00% | 5.08% | 0.00% | 0.00% | 5.08% | 0.00% |
| Austria | Western Europe | Aa1 | 0.41% | 5.54% | 0.46% | 0.00% | 5.08% | 0.00% |
| Azerbaijan | Eastern Europe & Russia | Ba2 | 3.08% | 8.54% | 3.46% | NA | NA | NA |
| Bahamas | Caribbean | Baa3 | 2.26% | 7.62% | 2.54% | NA | NA | NA |
| Bahrain | Middle East | B1 | 4.62% | 10.27% | 5.19% | 2.98% | 8.43% | 3.35% |
| Bangladesh | Asia | Ba3 | 3.69% | 9.23% | 4.15% | NA | NA | NA |
| Barbados | Caribbean | Caa3 | 10.25% | 16.60% | 11.52% | NA | NA | NA |
| Belarus | Eastern Europe & Russia | Caa1 | 7.69% | 13.72% | 8.64% | NA | NA | NA |
| Belgium | Western Europe | Aa3 | 0.62% | 5.78% | 0.70% | 0.00% | 5.08% | 0.00% |
| Belize | Central and South America | B3 | 6.67% | 12.58% | 7.50% | NA | NA | NA |
| Bermuda | Caribbean | A2 | 0.87% | 6.06% | 0.98% | NA | NA | NA |
| Bolivia | Central and South America | Ba3 | 3.69% | 9.23% | 4.15% | NA | NA | NA |
| Bosnia and Herzegovina | Eastern Europe & Russia | B3 | 6.67% | 12.58% | 7.50% | NA | NA | NA |
| Botswana | Africa | A2 | 0.87% | 6.06% | 0.98% | NA | NA | NA |
| Brazil | Central and South America | Ba2 | 3.08% | 8.54% | 3.46% | 2.26% | 7.62% | 2.54% |
| Bulgaria | Eastern Europe & Russia | Baa2 | 1.95% | 7.27% | 2.19% | 1.08% | 6.29% | 1.21% |
| Burkina Faso | Africa | B2 | 5.64% | 11.42% | 6.34% | NA | NA | NA |
| Cambodia | Asia | B2 | 5.64% | 11.42% | 6.34% | NA | NA | NA |
| Cameroon | Africa | B2 | 5.64% | 11.42% | 6.34% | NA | NA | NA |
| Canada | North America | Aaa | 0.00% | 5.08% | 0.00% | NA | NA | NA |
| Cayman Islands | Caribbean | Aa3 | 0.62% | 5.78% | 0.70% | NA | NA | NA |
| Cape Verde | Africa | B2 | 5.64% | 11.42% | 6.34% | NA | NA | NA |
| Chile | Central and South America | Aa3 | 0.62% | 5.78% | 0.70% | 0.63% | 5.79% | 0.71% |
| China | Asia | A1 | 0.72% | 5.89% | 0.81% | 0.58% | 5.73% | 0.65% |
| Colombia | Central and South America | Baa2 | 1.95% | 7.27% | 2.19% | 1.61% | 6.89% | 1.81% |
| Congo (Democratic Republic of) | Africa | B3 | 6.67% | 12.58% | 7.50% | NA | NA | NA |
| Congo (Republic of) | Africa | Caa2 | 9.23% | 15.46% | 10.38% | NA | NA | NA |
| Cook Islands | Australia & New Zealand | B1 | 4.62% | 10.27% | 5.19% | NA | NA | NA |
| Costa Rica | Central and South America | Ba2 | 3.08% | 8.54% | 3.46% | 1.87% | 7.18% | 2.10% |
| Côte d'Ivoire | Africa | Ba3 | 3.69% | 9.23% | 4.15% | NA | NA | NA |
| Croatia | Eastern Europe & Russia | Ba2 | 3.08% | 8.54% | 3.46% | 1.22% | 6.45% | 1.37% |
| Cuba | Caribbean | Caa2 | 9.23% | 15.46% | 10.38% | NA | NA | NA |
| Curacao | Caribbean | A3 | 1.23% | 6.46% | 1.38% | NA | NA | NA |
| Cyprus | Western Europe | Ba3 | 3.69% | 9.23% | 4.15% | 1.36% | 6.61% | 1.53% |
| Czech Republic | Eastern Europe & Russia | A1 | 0.72% | 5.89% | 0.81% | 0.32% | 5.44% | 0.36% |
| Denmark | Western Europe | Aaa | 0.00% | 5.08% | 0.00% | 0.00% | 5.08% | 0.00% |
| Dominican Republic | Caribbean | Ba3 | 3.69% | 9.23% | 4.15% | NA | NA | NA |
| Ecuador | Central and South America | B3 | 6.67% | 12.58% | 7.50% | NA | NA | NA |
| Egypt | Africa | B3 | 6.67% | 12.58% | 7.50% | 0.00% | 5.08% | 0.00% |
| El Salvador | Central and South America | Caa1 | 7.69% | 13.72% | 8.64% | NA | NA | NA |
| Estonia | Eastern Europe & Russia | A1 | 0.72% | 5.89% | 0.81% | 0.37% | 5.50% | 0.42% |
| Ethiopia | Africa | B1 | 4.62% | 10.27% | 5.19% | NA | NA | NA |
| Fiji | Asia | Ba3 | 3.69% | 9.23% | 4.15% | NA | NA | NA |
| Finland | Western Europe | Aa1 | 0.41% | 5.54% | 0.46% | 0.00% | 5.08% | 0.00% |
| France | Western Europe | Aa2 | 0.51% | 5.65% | 0.57% | 0.03% | 5.11% | 0.03% |
| Gabon | Africa | B3 | 6.67% | 12.58% | 7.50% | NA | NA | NA |
| Georgia | Eastern Europe & Russia | Ba2 | 3.08% | 8.54% | 3.46% | NA | NA | NA |
| Germany | Western Europe | Aaa | 0.00% | 5.08% | 0.00% | 0.00% | 5.08% | 0.00% |
| Ghana | Africa | B3 | 6.67% | 12.58% | 7.50% | NA | NA | NA |
| Greece | Western Europe | Caa2 | 9.23% | 15.46% | 10.38% | NA | NA | NA |
| Guatemala | Central and South America | Ba1 | 2.56% | 7.96% | 2.88% | NA | NA | NA |
| Guernsey (States of) | Western Europe | Aa3 | 0.62% | 5.78% | 0.70% | NA | NA | NA |
| Honduras | Central and South America | B1 | 4.62% | 10.27% | 5.19% | NA | NA | NA |
| Hong Kong | Asia | Aa2 | 0.51% | 5.65% | 0.57% | 0.29% | 5.41% | 0.33% |
| Hungary | Eastern Europe & Russia | Baa3 | 2.26% | 7.62% | 2.54% | 0.97% | 6.17% | 1.09% |
| Iceland | Western Europe | A3 | 1.23% | 6.46% | 1.38% | 0.56% | 5.71% | 0.63% |
| India | Asia | Baa2 | 1.95% | 7.27% | 2.19% | 0.87% | 6.06% | 0.98% |
| Indonesia | Asia | Baa3 | 2.26% | 7.62% | 2.54% | 1.16% | 6.38% | 1.30% |
| Iraq | Middle East | Caa1 | 7.69% | 13.72% | 8.64% | NA | NA | NA |
| Ireland | Western Europe | A2 | 0.87% | 6.06% | 0.98% | 0.19% | 5.29% | 0.21% |
| Isle of Man | Western Europe | Aa2 | 0.51% | 5.65% | 0.57% | NA | NA | NA |
| Israel | Middle East | A1 | 0.72% | 5.89% | 0.81% | 0.63% | 5.79% | 0.71% |
| Italy | Western Europe | Baa2 | 1.95% | 7.27% | 2.19% | 1.42% | 6.68% | 1.60% |
| Jamaica | Caribbean | B3 | 6.67% | 12.58% | 7.50% | NA | NA | NA |
| Japan | Asia | A1 | 0.72% | 5.89% | 0.81% | 0.09% | 5.18% | 0.10% |
| Jersey (States of) | Western Europe | Aa3 | 0.62% | 5.78% | 0.70% | NA | NA | NA |
| Jordan | Middle East | B1 | 4.62% | 10.27% | 5.19% | NA | NA | NA |
| Kazakhstan | Eastern Europe & Russia | Baa3 | 2.26% | 7.62% | 2.54% | 1.49% | 6.76% | 1.68% |
| Kenya | Africa | B1 | 4.62% | 10.27% | 5.19% | NA | NA | NA |
| Korea | Asia | Aa2 | 0.51% | 5.65% | 0.57% | 0.40% | 5.53% | 0.45% |
| Kuwait | Middle East | Aa2 | 0.51% | 5.65% | 0.57% | NA | NA | NA |
| Kyrgyzstan | Eastern Europe & Russia | B2 | 5.64% | 11.42% | 6.34% | NA | NA | NA |
| Latvia | Eastern Europe & Russia | A3 | 1.23% | 6.46% | 1.38% | 0.61% | 5.77% | 0.69% |
| Lebanon | Middle East | B3 | 6.67% | 12.58% | 7.50% | 4.47% | 10.11% | 5.03% |
| Liechtenstein | Western Europe | Aaa | 0.00% | 5.08% | 0.00% | NA | NA | NA |
| Lithuania | Eastern Europe & Russia | A3 | 1.23% | 6.46% | 1.38% | 0.56% | 5.71% | 0.63% |
| Luxembourg | Western Europe | Aaa | 0.00% | 5.08% | 0.00% | NA | NA | NA |
| Macao | Asia | Aa3 | 0.62% | 5.78% | 0.70% | NA | NA | NA |
| Macedonia | Eastern Europe & Russia | Ba3 | 3.69% | 9.23% | 4.15% | NA | NA | NA |
| Malaysia | Asia | A3 | 1.23% | 6.46% | 1.38% | 0.69% | 5.86% | 0.78% |
| Malta | Western Europe | A3 | 1.23% | 6.46% | 1.38% | NA | NA | NA |
| Mauritius | Asia | Baa1 | 1.64% | 6.92% | 1.84% | NA | NA | NA |
| Mexico | Central and South America | A3 | 1.23% | 6.46% | 1.38% | 1.46% | 6.72% | 1.64% |
| Moldova | Eastern Europe & Russia | B3 | 6.67% | 12.58% | 7.50% | NA | NA | NA |
| Mongolia | Asia | Caa1 | 7.69% | 13.72% | 8.64% | NA | NA | NA |
| Montenegro | Eastern Europe & Russia | B1 | 4.62% | 10.27% | 5.19% | NA | NA | NA |
| Montserrat | Caribbean | Baa3 | 2.26% | 7.62% | 2.54% | NA | NA | NA |
| Morocco | Africa | Ba1 | 2.56% | 7.96% | 2.88% | 1.56% | 6.83% | 1.75% |
| Mozambique | Africa | Caa3 | 10.25% | 16.60% | 11.52% | NA | NA | NA |
| Namibia | Africa | Ba1 | 2.56% | 7.96% | 2.88% | NA | NA | NA |
| Netherlands | Western Europe | Aaa | 0.00% | 5.08% | 0.00% | 0.00% | 5.08% | 0.00% |
| New Zealand | Australia & New Zealand | Aaa | 0.00% | 5.08% | 0.00% | 0.03% | 5.11% | 0.03% |
| Nicaragua | Central and South America | B2 | 5.64% | 11.42% | 6.34% | NA | NA | NA |
| Nigeria | Africa | B2 | 5.64% | 11.42% | 6.34% | 4.16% | 9.76% | 4.68% |
| Norway | Western Europe | Aaa | 0.00% | 5.08% | 0.00% | 0.00% | 5.08% | 0.00% |
| Oman | Middle East | Baa2 | 1.95% | 7.27% | 2.19% | NA | NA | NA |
| Pakistan | Asia | B3 | 6.67% | 12.58% | 7.50% | 3.37% | 8.87% | 3.79% |
| Panama | Central and South America | Baa2 | 1.95% | 7.27% | 2.19% | 1.02% | 6.23% | 1.15% |
| Papua New Guinea | Asia | B2 | 5.64% | 11.42% | 6.34% | NA | NA | NA |
| Paraguay | Central and South America | Ba1 | 2.56% | 7.96% | 2.88% | NA | NA | NA |
| Peru | Central and South America | A3 | 1.23% | 6.46% | 1.38% | 1.08% | 6.29% | 1.21% |
| Philippines | Asia | Baa2 | 1.95% | 7.27% | 2.19% | 0.71% | 5.88% | 0.80% |
| Poland | Eastern Europe & Russia | A2 | 0.87% | 6.06% | 0.98% | 0.51% | 5.65% | 0.57% |
| Portugal | Western Europe | Ba1 | 2.56% | 7.96% | 2.88% | 1.29% | 6.53% | 1.45% |
| Qatar | Middle East | Aa3 | 0.62% | 5.78% | 0.70% | 1.19% | 6.42% | 1.34% |
| Ras Al Khaimah (Emirate of) | Middle East | A2 | 0.87% | 6.06% | 0.98% | NA | NA | NA |
| Romania | Eastern Europe & Russia | Baa3 | 2.26% | 7.62% | 2.54% | 1.11% | 6.33% | 1.25% |
| Russia | Eastern Europe & Russia | Ba1 | 2.56% | 7.96% | 2.88% | 1.64% | 6.92% | 1.84% |
| Rwanda | Africa | B2 | 5.64% | 11.42% | 6.34% | NA | NA | NA |
| Saudi Arabia | Middle East | A1 | 0.72% | 5.89% | 0.81% | 1.14% | 6.36% | 1.28% |
| Senegal | Africa | Ba3 | 3.69% | 9.23% | 4.15% | NA | NA | NA |
| Serbia | Eastern Europe & Russia | Ba3 | 3.69% | 9.23% | 4.15% | NA | NA | NA |
| Sharjah | Middle East | A3 | 1.23% | 6.46% | 1.38% | NA | NA | NA |
| Singapore | Asia | Aaa | 0.00% | 5.08% | 0.00% | NA | NA | NA |
| Slovakia | Eastern Europe & Russia | A2 | 0.87% | 6.06% | 0.98% | 0.45% | 5.59% | 0.51% |
| Slovenia | Eastern Europe & Russia | Baa1 | 1.64% | 6.92% | 1.84% | 0.79% | 5.97% | 0.89% |
| South Africa | Africa | Baa3 | 2.26% | 7.62% | 2.54% | 2.25% | 7.61% | 2.53% |
| Spain | Western Europe | Baa2 | 1.95% | 7.27% | 2.19% | 0.61% | 5.77% | 0.69% |
| Sri Lanka | Asia | B1 | 4.62% | 10.27% | 5.19% | NA | NA | NA |
| St. Maarten | Caribbean | Baa2 | 1.95% | 7.27% | 2.19% | NA | NA | NA |
| St. Vincent & the Grenadines | Caribbean | B3 | 6.67% | 12.58% | 7.50% | NA | NA | NA |
| Suriname | Central and South America | B1 | 4.62% | 10.27% | 5.19% | NA | NA | NA |
| Swaziland | Africa | B2 | 5.64% | 11.42% | 6.34% | NA | NA | NA |
| Sweden | Western Europe | Aaa | 0.00% | 5.08% | 0.00% | 0.00% | 5.08% | 0.00% |
| Switzerland | Western Europe | Aaa | 0.00% | 5.08% | 0.00% | 0.01% | 5.09% | 0.01% |
| Taiwan | Asia | Aa3 | 0.62% | 5.78% | 0.70% | NA | NA | NA |
| Tajikistan | Eastern Europe & Russia | B3 | 6.67% | 12.58% | 7.50% | NA | NA | NA |
| Thailand | Asia | Baa1 | 1.64% | 6.92% | 1.84% | 0.48% | 5.62% | 0.54% |
| Trinidad and Tobago | Caribbean | Ba1 | 2.56% | 7.96% | 2.88% | NA | NA | NA |
| Tunisia | Africa | B1 | 4.62% | 10.27% | 5.19% | 3.58% | 9.11% | 4.03% |
| Turkey | Western Europe | Ba1 | 2.56% | 7.96% | 2.88% | 2.31% | 7.68% | 2.60% |
| Turks and Caicos Islands | Caribbean | Baa1 | 1.64% | 6.92% | 1.84% | NA | NA | NA |
| Uganda | Africa | B2 | 5.64% | 11.42% | 6.34% | NA | NA | NA |
| Ukraine | Eastern Europe & Russia | Caa2 | 9.23% | 15.46% | 10.38% | 5.51% | 11.28% | 6.20% |
| United Arab Emirates | Middle East | Aa2 | 0.51% | 5.65% | 0.57% | NA | NA | NA |
| United Kingdom | Western Europe | Aa2 | 0.51% | 5.65% | 0.57% | 0.05% | 5.14% | 0.06% |
| United States | North America | Aaa | 0.00% | 5.08% | 0.00% | 0.00% | 5.08% | 0.00% |
| Uruguay | Central and South America | Baa2 | 1.95% | 7.27% | 2.19% | NA | NA | NA |
| Venezuela | Central and South America | Caa3 | 10.25% | 16.60% | 11.52% | NA | NA | NA |
| Vietnam | Asia | B1 | 4.62% | 10.27% | 5.19% | 1.52% | 6.79% | 1.71% |
| Zambia | Africa | B3 | 6.67% | 12.58% | 7.50% | NA | NA | NA |