China, Korea and Singapore Get Triple-A Sovereign Grades

Hong Kong, China, January 16, 2010 --(PR.com)-- CTRISKS announces her latest Sovereign Ratings in January 2010. The financial crisis in 2008 has provided a new global order on sovereign risk. China, Korea, Hong Kong, Singapore and Taiwan are all listed in the category of triple-A (CT3A), together with USA, Japan, Canada, UK, Switzerland, Australia and etc. CTRISKS considers economic output, output per capital, economic competitiveness, banking stability and relative economic strength in subsequent years as major inputs in her assessment. China scores high in the above factors except output per capital. The other four Asian economies are outstanding in the most of the above factors. Some European countries are downgraded to double-A (CT2A) because of their poor economic prospects. Both Greece and Iceland stay at triple-B (CT3B). The Sovereign Ratings cover 180 economies, indicating their governments’ capacity to deal with economic stress and their probability to experience economic instability. They are updated on quarterly basis.

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