Appendix 2 - Countries and years in most extensive rating sample
Country |
Years |
Obs. |
Country |
Years |
Obs. |
_________Country_______ |
Years |
Obs. |
Andorra |
4 |
4 |
Greece |
19 |
42 |
Nicaragua |
9 |
9 |
Argentina |
21 |
45 |
Grenada |
5 |
5 |
Nigeria |
1 |
2 |
Aruba |
5 |
5 |
Guatemala |
10 |
17 |
Norway |
32 |
73 |
Australia |
36 |
79 |
Honduras |
8 |
8 |
Oman |
11 |
21 |
Austria |
32 |
75 |
Hong Kong |
21 |
56 |
Pakistan |
13 |
26 |
Azerbaijan |
7 |
7 |
Hungary |
15 |
34 |
Panama |
10 |
29 |
Bahamas |
10 |
14 |
Iceland |
18 |
43 |
Papua New Guinea |
9 |
25 |
Bahrain |
11 |
23 |
India |
17 |
32 |
Paraguay |
11 |
20 |
Barbados______ |
12 |
20 |
Indonesia______ |
15 |
38 |
Peru___________________ |
10 |
26 |
Belgium |
19 |
51 |
Iran |
5 |
5 |
Philippines |
14 |
36 |
Belize |
8 |
15 |
Ireland |
20 |
52 |
Poland |
12 |
36 |
Benin |
4 |
7 |
Isle of Man |
7 |
7 |
Portugal |
21 |
53 |
Bermuda |
13 |
38 |
Israel |
19 |
43 |
Qatar |
11 |
19 |
Bolivia |
9 |
21 |
Italy |
21 |
53 |
Romania |
11 |
32 |
Bosnia and Herzegovina |
3 |
3 |
Jamaica |
8 |
13 |
Russia |
11 |
33 |
Botswana |
6 |
12 |
Japan |
31 |
70 |
San Marino |
6 |
6 |
Brazil |
21 |
47 |
Jordan |
12 |
23 |
Saudi Arabia |
11 |
18 |
Bulgaria_________ |
11 |
29 |
Kazakhstan |
11 |
33 |
Senegal_______________ |
7 |
7 |
Burkina Faso |
3 |
3 |
Korea |
19 |
39 |
Serbia |
3 |
5 |
Cameroon |
4 |
8 |
Kuwait |
12 |
33 |
Singapore |
18 |
45 |
Canada |
36 |
85 |
Latvia |
10 |
27 |
Slovakia |
13 |
33 |
Cape Verde |
4 |
4 |
Lebanon |
10 |
30 |
Slovenia |
11 |
33 |
Chile |
15 |
36 |
Lesotho |
5 |
5 |
South Africa |
13 |
39 |
China |
19 |
43 |
Liechtenstein |
11 |
11 |
Spain |
19 |
51 |
Colombia |
14 |
41 |
Lithuania |
11 |
31 |
Sri Lanka |
2 |
4 |
Cook Islands |
10 |
10 |
Luxembourg |
18 |
44 |
Suriname |
8 |
14 |
Costa Rica______ |
10 |
29 |
Macao_______ |
10 |
10 |
Sweden_____________ |
30 |
61 |
Croatia |
10 |
30 |
Macedonia |
3 |
5 |
Switzerland |
26 |
58 |
Cuba |
8 |
8 |
Madagascar |
3 |
3 |
Taiwan |
18 |
37 |
Cyprus |
13 |
27 |
Malawi |
4 |
4 |
Thailand |
18 |
45 |
Czech Republic |
14 |
40 |
Malaysia |
21 |
48 |
Trinidad and Tobago |
14 |
25 |
Denmark |
36 |
75 |
Mali |
3 |
6 |
Tunisia |
12 |
22 |
Dominican Republic |
10 |
22 |
Malta |
13 |
37 |
Turkey |
15 |
43 |
Egypt |
10 |
26 |
Mauritius |
11 |
11 |
Turkmenistan |
10 |
10 |
El Salvador |
11 |
32 |
Mexico |
17 |
44 |
Uganda |
2 |
2 |
Ecuador_______ |
10 |
22 |
Moldova______ |
10 |
19 |
Ukraine_________________ |
9 |
21 |
Estonia |
10 |
25 |
Mongolia |
8 |
10 |
United Arab Emirates |
11 |
11 |
Fiji Islands |
8 |
8 |
Montenegro |
3 |
3 |
United Kingdom |
29 |
71 |
Finland |
30 |
73 |
Montserrat |
3 |
3 |
United States of America |
37 |
86 |
France |
32 |
60 |
Morocco |
9 |
17 |
Uruguay |
14 |
39 |
Gambia |
5 |
5 |
Mozambique |
4 |
7 |
Venezuela |
30 |
60 |
Georgia |
2 |
2 |
Namibia |
2 |
2 |
Vietnam |
5 |
12 |
Germany |
24 |
58 |
Netherlands |
21 |
52 | |||
Ghana________ |
4 |
8 |
New Zealand |
37 |
73 |
Note: For instance, for 2005 the total number of rated countries was 130 (Fitch, 98; S&P, 110; Moody's, 98).
Countries with 3 ratings: 78.
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