| Country |
Adj. Default
Spread |
Equity Risk
Premium |
Country Risk
Premium |
Corporate Tax
Rate |
Moody's rating |
Sovereign CDS
Spread |
| Abu Dhabi |
0.54% |
5.32% |
0.72% |
15.00% |
Aa2 |
0.75% |
| Albania |
4.90% |
11.18% |
6.58% |
15.00% |
B1 |
NA |
| Algeria |
4.90% |
11.18% |
6.58% |
26.00% |
NR |
1.70% |
| Andorra
(Principality of) |
2.07% |
7.38% |
2.78% |
18.98% |
Baa2 |
NA |
| Angola |
7.08% |
14.11% |
9.51% |
25.00% |
B3 |
7.82% |
| Anguilla |
10.54% |
18.75% |
18.75% |
27.25% |
NR |
NA |
| Antigua &
Barbuda |
10.54% |
18.75% |
18.75% |
27.25% |
NR |
NA |
| Argentina |
13.07% |
22.15% |
17.55% |
35.00% |
Ca |
46.19% |
| Armenia |
3.92% |
9.86% |
5.26% |
18.00% |
Ba3 |
NA |
| Aruba |
2.07% |
7.38% |
2.78% |
25.00% |
Baa2 |
NA |
| Australia |
0.00% |
4.60% |
0.00% |
30.00% |
Aaa |
0.26% |
| Austria |
0.44% |
5.18% |
0.58% |
24.00% |
Aa1 |
0.27% |
| Azerbaijan |
2.73% |
8.26% |
3.66% |
20.00% |
Ba1 |
NA |
| Bahamas |
4.90% |
11.18% |
6.58% |
0.00% |
B1 |
NA |
| Bahrain |
5.99% |
12.64% |
8.04% |
0.00% |
B2 |
2.74% |
| Bangladesh |
4.90% |
11.18% |
6.58% |
30.00% |
B1 |
NA |
| Barbados |
7.08% |
14.11% |
9.51% |
5.50% |
B3 |
NA |
| Belarus |
17.50% |
28.09% |
23.49% |
18.00% |
C |
NA |
| Belgium |
0.65% |
5.48% |
0.88% |
25.00% |
Aa3 |
0.33% |
| Belize |
9.81% |
17.77% |
13.17% |
28.53% |
Caa2 |
NA |
| Benin |
4.90% |
11.18% |
6.58% |
30.00% |
B1 |
NA |
| Bermuda |
0.92% |
5.84% |
1.24% |
0.00% |
A2 |
NA |
| Bolivia |
8.17% |
15.57% |
10.97% |
25.00% |
Caa1 |
NA |
| Bosnia and
Herzegovina |
7.08% |
14.11% |
9.51% |
10.00% |
B3 |
NA |
| Botswana |
1.31% |
6.35% |
1.75% |
22.00% |
A3 |
NA |
| Brazil |
3.28% |
9.00% |
4.40% |
34.00% |
Ba2 |
2.39% |
| British Virgin
Islands |
3.28% |
9.00% |
4.40% |
34.00% |
Ba2 |
NA |
| Brunei |
0.65% |
5.48% |
0.88% |
18.50% |
NR |
NA |
| Bulgaria |
1.74% |
6.94% |
2.34% |
10.00% |
Baa1 |
1.47% |
| Burkina Faso |
8.17% |
15.57% |
10.97% |
28.00% |
Caa1 |
NA |
| Cambodia |
5.99% |
12.64% |
8.04% |
20.00% |
B2 |
NA |
| Cameroon |
8.17% |
15.57% |
10.97% |
33.00% |
Caa1 |
9.14% |
| Canada |
0.00% |
4.60% |
0.00% |
26.50% |
Aaa |
0.44% |
| Cape Verde |
7.08% |
14.11% |
9.51% |
0.00% |
B3 |
NA |
| Cayman Islands |
0.65% |
5.48% |
0.88% |
0.00% |
Aa3 |
NA |
| Channel
Islands |
0.96% |
5.89% |
5.89% |
24.71% |
NR |
NA |
| Chile |
0.92% |
5.84% |
1.24% |
27.00% |
A2 |
1.15% |
| China |
0.77% |
5.63% |
1.03% |
25.00% |
A1 |
0.99% |
| Colombia |
2.07% |
7.38% |
2.78% |
35.00% |
Baa2 |
2.74% |
| Congo
(Democratic Republic of) |
7.08% |
14.11% |
9.51% |
30.00% |
B3 |
NA |
| Congo
(Republic of) |
9.81% |
17.77% |
13.17% |
28.00% |
Caa2 |
NA |
| Cook Islands |
4.90% |
11.18% |
6.58% |
29.74% |
B1 |
NA |
| Costa Rica |
4.90% |
11.18% |
6.58% |
30.00% |
B1 |
3.11% |
| Croatia |
2.07% |
7.38% |
2.78% |
18.00% |
Baa2 |
1.34% |
| Cuba |
13.07% |
22.15% |
17.55% |
28.53% |
Ca |
NA |
| Curaçao |
2.07% |
7.38% |
2.78% |
22.00% |
Baa2 |
NA |
| Cyprus |
2.07% |
7.38% |
2.78% |
12.50% |
Baa2 |
1.11% |
| Czech Republic |
0.65% |
5.48% |
0.88% |
19.00% |
Aa3 |
0.56% |
| Denmark |
0.00% |
4.60% |
0.00% |
22.00% |
Aaa |
0.24% |
| Dominican
Republic |
3.92% |
9.86% |
5.26% |
27.00% |
Ba3 |
NA |
| Ecuador |
10.90% |
19.23% |
14.63% |
25.00% |
Caa3 |
52.74% |
| Egypt |
8.17% |
15.57% |
10.97% |
22.50% |
Caa1 |
10.13% |
| El Salvador |
10.90% |
19.23% |
14.63% |
30.00% |
Caa3 |
8.40% |
| Estonia |
0.77% |
5.63% |
1.03% |
20.00% |
A1 |
0.60% |
| Ethiopia |
9.81% |
17.77% |
13.17% |
30.00% |
Caa2 |
32.31% |
| Falkland
Islands |
4.29% |
10.36% |
10.36% |
31.60% |
NR |
NA |
| Fiji |
4.90% |
11.18% |
6.58% |
20.00% |
B1 |
NA |
| Finland |
0.44% |
5.18% |
0.58% |
20.00% |
Aa1 |
0.34% |
| France |
0.54% |
5.32% |
0.72% |
25.00% |
Aa2 |
0.43% |
| French Guiana |
4.29% |
10.36% |
10.36% |
31.60% |
NR |
NA |
| Gabon |
8.17% |
15.57% |
10.97% |
30.00% |
Caa1 |
6.85% |
| Gambia |
4.90% |
11.18% |
6.58% |
31.00% |
NR |
NA |
| Georgia |
3.28% |
9.00% |
4.40% |
15.00% |
Ba2 |
NA |
| Germany |
0.00% |
4.60% |
0.00% |
30.00% |
Aaa |
0.29% |
| Ghana |
10.90% |
19.23% |
14.63% |
25.00% |
Caa3 |
NA |
| Gibraltar |
0.96% |
5.89% |
5.89% |
24.71% |
NR |
NA |
| Greece |
2.73% |
8.26% |
3.66% |
22.00% |
Ba1 |
1.28% |
| Greenland |
0.00% |
NA |
NA |
0.00% |
NR |
NA |
| Guatemala |
2.73% |
8.26% |
3.66% |
25.00% |
Ba1 |
NA |
| Guernsey
(States of) |
0.77% |
5.63% |
1.03% |
0.00% |
A1 |
NA |
| Guinea |
9.81% |
17.77% |
13.17% |
29.15% |
NR |
NA |
| Guinea-Bissau |
5.99% |
12.64% |
8.04% |
29.15% |
NR |
NA |
| Guyana |
1.74% |
6.94% |
2.34% |
18.64% |
NR |
NA |
| Haiti |
10.90% |
19.23% |
14.63% |
18.64% |
NR |
NA |
| Honduras |
4.90% |
11.18% |
6.58% |
25.00% |
B1 |
NA |
| Hong Kong |
0.65% |
5.48% |
0.88% |
16.50% |
Aa3 |
0.60% |
| Hungary |
2.07% |
7.38% |
2.78% |
9.00% |
Baa2 |
1.95% |
| Iceland |
0.92% |
5.84% |
1.24% |
20.00% |
A2 |
0.88% |
| India |
2.39% |
7.81% |
3.21% |
30.00% |
Baa3 |
0.99% |
| Indonesia |
2.07% |
7.38% |
2.78% |
22.00% |
Baa2 |
1.32% |
| Iran |
7.08% |
14.11% |
9.51% |
20.23% |
NR |
NA |
| Iraq |
8.17% |
15.57% |
10.97% |
15.00% |
Caa1 |
5.14% |
| Ireland |
0.65% |
5.48% |
0.88% |
12.50% |
Aa3 |
0.41% |
| Isle of Man |
0.65% |
5.48% |
0.88% |
0.00% |
Aa3 |
NA |
| Israel |
0.77% |
5.63% |
1.03% |
23.00% |
A1 |
1.57% |
| Italy |
2.39% |
7.81% |
3.21% |
24.00% |
Baa3 |
1.34% |
| Ivory Coast |
3.92% |
9.86% |
5.26% |
25.00% |
Ba3 |
NA |
| Jamaica |
4.90% |
11.18% |
6.58% |
25.00% |
B1 |
NA |
| Japan |
0.77% |
5.63% |
1.03% |
30.62% |
A1 |
0.43% |
| Jersey (States
of) |
0.65% |
5.48% |
0.88% |
0.00% |
Aa3 |
NA |
| Jordan |
4.90% |
11.18% |
6.58% |
20.00% |
B1 |
NA |
| Kazakhstan |
2.07% |
7.38% |
2.78% |
20.00% |
Baa2 |
1.76% |
| Kenya |
7.08% |
14.11% |
9.51% |
30.00% |
B3 |
7.04% |
| Korea, D.P.R. |
17.50% |
28.09% |
23.49% |
23.10% |
NR |
NA |
| Kuwait |
0.77% |
5.63% |
1.03% |
15.00% |
A1 |
0.83% |
| Kyrgyzstan |
7.08% |
14.11% |
9.51% |
10.00% |
B3 |
NA |
| Laos |
10.90% |
19.23% |
14.63% |
26.86% |
Caa3 |
NA |
| Latvia |
1.31% |
6.35% |
1.75% |
20.00% |
A3 |
0.94% |
| Lebanon |
17.50% |
28.09% |
23.49% |
17.00% |
C |
NA |
| Liberia |
13.07% |
22.15% |
17.55% |
29.15% |
NR |
NA |
| Libya |
2.07% |
7.38% |
2.78% |
20.00% |
NR |
NA |
| Liechtenstein |
0.00% |
4.60% |
0.00% |
12.50% |
Aaa |
NA |
| Lithuania |
0.92% |
5.84% |
1.24% |
15.00% |
A2 |
0.90% |
| Luxembourg |
0.00% |
4.60% |
0.00% |
24.94% |
Aaa |
NA |
| Macau |
0.65% |
5.48% |
0.88% |
26.86% |
Aa3 |
NA |
| Macedonia |
3.92% |
9.86% |
5.26% |
10.00% |
Ba3 |
NA |
| Madagascar |
7.08% |
14.11% |
9.51% |
20.00% |
NR |
NA |
| Malawi |
13.07% |
22.15% |
17.55% |
30.00% |
NR |
NA |
| Malaysia |
1.31% |
6.35% |
1.75% |
24.00% |
A3 |
0.86% |
| Maldives |
8.17% |
15.57% |
10.97% |
26.86% |
Caa1 |
NA |
| Mali |
9.81% |
17.77% |
13.17% |
26.86% |
Caa2 |
NA |
| Malta |
0.92% |
5.84% |
1.24% |
35.00% |
A2 |
NA |
| Martinique |
0.00% |
NA |
NA |
0.00% |
NR |
NA |
| Mauritius |
2.39% |
7.81% |
3.21% |
15.00% |
Baa3 |
NA |
| Mexico |
2.07% |
7.38% |
2.78% |
30.00% |
Baa2 |
1.68% |
| Monaco |
0.96% |
5.89% |
5.89% |
24.71% |
NR |
NA |
| Moldova |
7.08% |
14.11% |
9.51% |
12.00% |
B3 |
NA |
| Mongolia |
7.08% |
14.11% |
9.51% |
25.00% |
B3 |
4.02% |
| Montenegro |
4.90% |
11.18% |
6.58% |
15.00% |
B1 |
NA |
| Montserrat |
2.39% |
7.81% |
3.21% |
28.53% |
Baa3 |
NA |
| Morocco |
2.73% |
8.26% |
3.66% |
32.00% |
Ba1 |
1.90% |
| Mozambique |
9.81% |
17.77% |
13.17% |
32.00% |
Caa2 |
NA |
| Myanmar |
10.90% |
19.23% |
14.63% |
25.00% |
NR |
NA |
| Namibia |
4.90% |
11.18% |
6.58% |
32.00% |
B1 |
2.10% |
| Netherlands |
0.00% |
4.60% |
0.00% |
25.80% |
Aaa |
0.24% |
| Netherlands
Antilles |
10.54% |
18.75% |
18.75% |
27.25% |
NR |
NA |
| New Zealand |
0.00% |
4.60% |
0.00% |
28.00% |
Aaa |
0.29% |
| Nicaragua |
7.08% |
14.11% |
9.51% |
30.00% |
B3 |
4.89% |
| Niger |
9.81% |
17.77% |
13.17% |
26.86% |
Caa2 |
NA |
| Nigeria |
8.17% |
15.57% |
10.97% |
30.00% |
Caa1 |
6.44% |
| Norway |
0.00% |
4.60% |
0.00% |
22.00% |
Aaa |
0.24% |
| Oman |
2.73% |
8.26% |
3.66% |
15.00% |
Ba1 |
1.92% |
| Pakistan |
10.90% |
19.23% |
14.63% |
29.00% |
Caa3 |
41.04% |
| Palestinian
Authority |
1.61% |
6.76% |
6.76% |
18.76% |
NR |
NA |
| Panama |
2.07% |
7.38% |
2.78% |
25.00% |
Baa2 |
2.31% |
| Papua New
Guinea |
5.99% |
12.64% |
8.04% |
30.00% |
B2 |
NA |
| Paraguay |
2.73% |
8.26% |
3.66% |
10.00% |
Ba1 |
NA |
| Peru |
1.74% |
6.94% |
2.34% |
29.50% |
Baa1 |
1.37% |
| Philippines |
2.07% |
7.38% |
2.78% |
25.00% |
Baa2 |
1.18% |
| Poland |
0.92% |
5.84% |
1.24% |
19.00% |
A2 |
1.06% |
| Portugal |
1.31% |
6.35% |
1.75% |
21.00% |
A3 |
0.75% |
| Qatar |
0.65% |
5.48% |
0.88% |
10.00% |
Aa3 |
0.83% |
| Ras Al Khaimah
(Emirate of) |
1.31% |
6.35% |
1.75% |
0.00% |
A3 |
NA |
| Reunion |
1.25% |
6.28% |
6.28% |
25.76% |
NR |
NA |
| Romania |
2.39% |
7.81% |
3.21% |
16.00% |
Baa3 |
2.31% |
| Russia |
4.90% |
11.18% |
6.58% |
25.00% |
NR |
NA |
| Rwanda |
5.99% |
12.64% |
8.04% |
30.00% |
B2 |
5.53% |
| Saint Lucia |
10.54% |
18.75% |
18.75% |
27.25% |
NR |
NA |
| Saudi Arabia |
0.77% |
5.63% |
1.03% |
20.00% |
A1 |
0.85% |
| Senegal |
3.92% |
9.86% |
5.26% |
30.00% |
Ba3 |
6.89% |
| Serbia |
3.28% |
9.00% |
4.40% |
15.00% |
Ba2 |
2.86% |
| Sharjah |
2.73% |
8.26% |
3.66% |
0.00% |
Ba1 |
NA |
| Sierra Leone |
10.90% |
19.23% |
14.63% |
30.00% |
NR |
NA |
| Singapore |
0.00% |
4.60% |
0.00% |
17.00% |
Aaa |
NA |
| Slovakia |
0.92% |
5.84% |
1.24% |
21.00% |
A2 |
0.60% |
| Slovenia |
1.31% |
6.35% |
1.75% |
19.00% |
A3 |
0.76% |
| Solomon
Islands |
8.17% |
15.57% |
10.97% |
30.00% |
Caa1 |
NA |
| Somalia |
13.07% |
22.15% |
17.55% |
29.15% |
NR |
NA |
| South Africa |
3.28% |
9.00% |
4.40% |
27.00% |
Ba2 |
3.16% |
| South Korea |
0.54% |
5.32% |
0.72% |
25.00% |
Aa2 |
NA |
| Spain |
1.74% |
6.94% |
2.34% |
25.00% |
Baa1 |
0.78% |
| Sri Lanka |
13.07% |
22.15% |
17.55% |
24.00% |
Ca |
59.36% |
| St. Maarten |
3.28% |
9.00% |
4.40% |
28.53% |
Ba2 |
NA |
| St. Vincent
& the Grenadines |
7.08% |
14.11% |
9.51% |
28.53% |
B3 |
NA |
| Sudan |
17.50% |
28.09% |
23.49% |
35.00% |
NR |
NA |
| Suriname |
10.90% |
19.23% |
14.63% |
36.00% |
Caa3 |
NA |
| Swaziland |
7.08% |
14.11% |
9.51% |
27.50% |
B3 |
NA |
| Sweden |
0.00% |
4.60% |
0.00% |
20.60% |
Aaa |
0.28% |
| Switzerland |
0.00% |
4.60% |
0.00% |
14.60% |
Aaa |
0.22% |
| Syria |
17.50% |
28.09% |
23.49% |
28.00% |
NR |
NA |
| Taiwan |
0.65% |
5.48% |
0.88% |
20.00% |
Aa3 |
NA |
| Tajikistan |
7.08% |
14.11% |
9.51% |
18.00% |
B3 |
NA |
| Tanzania |
5.99% |
12.64% |
8.04% |
30.00% |
B2 |
NA |
| Thailand |
1.74% |
6.94% |
2.34% |
20.00% |
Baa1 |
0.65% |
| Togo |
7.08% |
14.11% |
9.51% |
26.86% |
B3 |
NA |
| Trinidad
&' Tobago |
3.28% |
9.00% |
4.40% |
30.00% |
Ba2 |
NA |
| Tunisia |
9.81% |
17.77% |
13.17% |
15.00% |
Caa2 |
9.78% |
| Turkey |
7.08% |
14.11% |
9.51% |
25.00% |
B3 |
3.86% |
| Turks &
Caicos Islands |
1.74% |
6.94% |
2.34% |
0.00% |
Baa1 |
NA |
| Uganda |
5.99% |
12.64% |
8.04% |
30.00% |
B2 |
NA |
| Ukraine |
13.07% |
22.15% |
17.55% |
18.00% |
Ca |
NA |
| United Arab
Emirates |
0.54% |
5.32% |
0.72% |
25.00% |
Aa2 |
NA |
| United Kingdom |
0.65% |
5.48% |
0.88% |
25.00% |
Aa3 |
0.51% |
| United States |
0.00% |
4.60% |
0.00% |
25.00% |
Aaa |
0.58% |
| Uruguay |
2.07% |
7.38% |
2.78% |
25.00% |
Baa2 |
1.14% |
| Uzbekistan |
3.92% |
9.86% |
5.26% |
15.00% |
Ba3 |
NA |
| Venezuela |
17.50% |
28.09% |
23.49% |
34.00% |
C |
11.25% |
| Vietnam |
3.28% |
9.00% |
4.40% |
20.00% |
Ba2 |
1.84% |
| Yemen |
10.90% |
19.23% |
14.63% |
20.00% |
NR |
NA |
| Zambia |
10.90% |
19.23% |
14.63% |
35.00% |
Caa3 |
NA |
| Zimbabwe |
9.81% |
17.77% |
13.17% |
25.00% |
NR |
NA |
|
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