Sovereign Ratings & Scores

151 countries · 2000–2025

Single Country × Peer Group
Multi-Country Comparison

Charts show the selected country's absolute score and relative ratings (M1–M4) against its peer group's leave-one-out mean.

Select options above and click Generate to display charts and tables.
Charts
Relative methods , M1, M2, ΔM1, M4 detail
Summary Statistics
Year-by-Year Data

Notes: Composite score = simple mean across available agencies (S&P, Moody's, DBRS) per country-year, forward-filled from last known rating. LOO mean = leave-one-out group mean (excludes focal country). M1 = score² / LOO mean (current); M2 = within-year percentile rank; M3 = score² / lagged LOO mean; M4 = within-year percentile rank (stored separately). Source: S&P, Moody's, DBRS; World Bank GDP/FDI data.

H Composite × HDI heatmap

The joint distribution of composite credit score and the UN Human Development Index across all country-years (2010–2022, n ≈ 1,800). Cell colour = count of country-years falling in that bin. The diagonal-ish concentration confirms the strong positive correlation between rating and HDI (Spearman ρ ≈ 0.81); off-diagonal cells are countries the agencies treat very differently from what their HDI level would predict , candidate cases for further shadow-rating diagnostic. Each country's latest-year position is overlaid in white text so the heatmap reads as a country atlas as well as a density plot.

Figure H.1: Joint frequency heatmap of composite credit score (x-axis) and HDI (y-axis). Hot cells = many country-years cluster there; cool cells = unusual combinations of rating and human-development outcomes. Defaults to the relative (M4 percentile) view on both axes; switch to absolute or shadow with the pills above the chart.

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