Politial Risk, Economic Risk and Financial Risk

Table 5: Primary Components of Country Ratings

	Index Provider (See Endnotes)
Factors	BoA	BERI	CRIS	EIU	INSTINV	MOODY	PRSICRG	PRSCOPL	S&P
Current Account/Balance of Payments	X	X		X	X	X	X	X	X
Debt	X	X		X	X	X	X	X	X
Deficit	X	X		X	X	X		X	X
Economic Structure and Growth
(export concentration, reliance on imports)	X	X		X	X	X		X	X
Foreign exchange/Currency convertibility	X	X		X		X		X	X
GDPPC/GDP	X	X		X		X		X	X
Liquidity		X		X			X
Parallel Market						X	X		X
Reserves	X			X	X	X			X
Savings Rate				X		X		X	X
Inflation		X						X	X
Access to capital markets		X			X	X			X
Factionalization
(political, ethnic, religious, ideological, linguistic)		X	X	X	X	X	X		X
Social conditions/Conflict/History
Attitudes/Expectations		X		X	X	X	X	X	X
Coercive regime/Legitimacy		X				X
Bureaucratic/Technocratic competence
Corruption/Policy flexibility		X	X	X		X	X		X
Criminal/Military insurgency		X	X			X	X		X
International commitment/integration		X			X	X	X	X	X
Legal framework		X				X	X
Nationalization		X				X	X		X
Policy environment		X	X	X	X	X	X	X	X
Regional politics		X				X	X		X
Infrastructure and local service management		X				X			X
Labor costs/productivity		X				X		X	X

Last Updated: May 30, 1996

Analyst/Contact: Campbell R. Harvey