Académique Documents
Professionnel Documents
Culture Documents
To estimate the equity risk premium for a country, I start with a mature market premium and
Use the look up table in the next worksheet, to look up the statistics for an individual country
Step 1: Estimating mature market risk premium
To estimate the mature market risk premium, I compute the implied equity risk premium for
Link to site:
http://www.damodaran.com
Historical monthly ERP: http://www.stern.nyu.edu/~adamodar/pc/implprem/ERPbymonth.xls
Step 2: Estimate the default spread for the country in question. I offer two choices
Moody's ratings:
http://www.moodys.com
(You will have to register, but it is free. Look und
Ratings to spreads:
Based upon my estimates of typical spreads for each ratings class. I c
CDS spreads:
Bloomberg
If you cannot find a country on this list, it is because that country does not have a sovereign
http://papers.ssrn.com/sol3/papers.cf
http://www.duke.edu/~charvey/Coun
http://echo360.stern.nyu.edu:8080/e
http://echo360.stern.nyu.edu:8080/e
ure market premium and add an additional country risk premium, based upon the risk of the country in
s for an individual country or region.
equity risk premium for the S&P 500. To see the latest estimate for this number, go to my website and
plprem/ERPbymonth.xls
on. I offer two choices, one based upon the local currency sovereign rating for the country
er, but it is free. Look under sovereign ratings)
for each ratings class. I compute these by averaging CDS spreads and sovereign US$ bond spreads by
oes not have a sovereign rating or a sovereign CDS spread. Try the PRS worksheet in this spreadsheet
ountry risk premium. To make this choice, go into the ERP worksheet and set cell E5 to 1.00.
uity in the market, relative to the default spread. I used the ratio of the S&P Emerging Market Equity In
eet "Equity vs Govt Bond" in this spreadsheet. Set cell E5 in the ERP worksheet to that number.
and the US has a CDS spread, I subtracted out the US CDS spread from the CDS for other markets.
gative country risk premium and end up with a total equity risk premium lower than the US.
preads to this number to get a country risk premium. The default scaling is set at 1.34, but you can ch
ese references:
s.ssrn.com/sol3/papers.cfm?abstract_id=2581517
duke.edu/~charvey/Country_risk/couindex.htm
60.stern.nyu.edu:8080/ess/echo/presentation/d5b0232a-ef00-4ffd-b92e-0f95e1685373/media.m4v
60.stern.nyu.edu:8080/ess/echo/presentation/e41ef416-aba8-4dda-8d8b-0fe3b0e6283d/media.m4v
mber, go to my website and you can download the excel spreadsheet containing the implied premium
n rating for the country from Moody's and the other is the CDS spread for the country (if on
reign US$ bond spreads by ratings class, at the start of every year.
t cell E5 to 1.00.
Emerging Market Equity Index std deviation to the BAML Emerging Public Bond index standard deviati
eet to that number.
GDP-ranking-table
5e1685373/media.m4v
e3b0e6283d/media.m4v
To look up the equity risk premium for a country, use this worksheet
Country
Brazil
Baa3
BB+
5.58%
5.19%
2.44%
3.40%
9.40%
Local currency
Local currency
7.23%
13.23%
To look up the equity risk premium for a region, use this worksheet
Region
Western Europe
1.93%
1.20%
7.93%
7.20%
To construct your own regional ERP, use the data on GDP and ERP for countries in the Region
For countries not on the list above, try this frontier market list
Country
PRS Score
ERP based on PRS Score
Syria
35.75
25.00%
se this worksheet
you cannot find a country on this list, it is because that country does not have a sovereign rating
a sovereign CDS spread. Try the PRS worksheet in this spreadsheet for an alternate estimate.
e this worksheet
r market list
EstimatingCountry
Enter the current risk premium for a mature equity market
Do you want to adjust the country default spread for the additional volatility of the equity market to get to a country premium?
If yes, enter the multiplier to use on the default spread (See worksheet for volatility numbers for selected emerging markets)
Country
AbuDhabi
Albania
Andorra(Principalityof)
Angola
Argentina
Armenia
Aruba
Australia
Austria
Azerbaijan
Bahamas
Bahrain
Bangladesh
Barbados
Belarus
Belgium
Belize
Bermuda
Bolivia
BosniaandHerzegovina
Botswana
Brazil
Bulgaria
Africa
Middle East
Eastern Europe & Russia
Western Europe
Africa
Central and South America
Eastern Europe & Russia
Caribbean
Australia & New Zealand
Western Europe
Eastern Europe & Russia
Caribbean
Middle East
Asia
Caribbean
Eastern Europe & Russia
Western Europe
Central and South America
Caribbean
Central and South America
Eastern Europe & Russia
Africa
Central and South America
Eastern Europe & Russia
Moody'srating
Aa2
B1
Baa3
Ba2
Caa1
Ba3
Baa1
Aaa
Aaa
Baa3
Baa2
Baa3
Ba3
B3
Caa1
Aa3
Caa2
A1
Ba3
B3
A2
Baa3
Baa2
RatingbasedDefaultSpread
0.55%
4.99%
2.44%
3.33%
8.31%
3.99%
1.77%
0.00%
0.00%
2.44%
2.11%
2.44%
3.99%
7.21%
8.31%
0.67%
9.98%
0.78%
3.99%
7.21%
0.94%
2.44%
2.11%
BurkinaFaso
Cambodia
Cameroon
Canada
CaymanIslands
CapeVerde
Chile
China
Colombia
Congo(DemocraticRepublicof)
Congo(Republicof)
CookIslands
CostaRica
Cted'Ivoire
Croatia
Cuba
Curacao
Cyprus
CzechRepublic
Denmark
DominicanRepublic
Ecuador
Egypt
ElSalvador
Estonia
Ethiopia
Fiji
Finland
France
Africa
Asia
Africa
North America
Caribbean
Africa
Central and South America
Asia
Central and South America
Africa
Africa
Australia & New Zealand
Central and South America
Africa
Eastern Europe & Russia
Caribbean
Caribbean
Western Europe
Eastern Europe & Russia
Western Europe
Caribbean
Central and South America
Africa
Central and South America
Eastern Europe & Russia
Africa
Asia
Western Europe
Western Europe
B3
B2
B2
Aaa
Aa3
B2
Aa3
Aa3
Baa2
B3
Ba3
B1
Ba1
Ba3
Ba1
Caa2
A3
B1
A1
Aaa
B1
B3
B3
Ba3
A1
B1
B1
Aaa
Aa2
7.21%
6.10%
6.10%
0.00%
0.67%
6.10%
0.67%
0.67%
2.11%
7.21%
3.99%
4.99%
2.77%
3.99%
2.77%
9.98%
1.33%
4.99%
0.78%
0.00%
4.99%
7.21%
7.21%
3.99%
0.78%
4.99%
4.99%
0.00%
0.55%
Gabon
Georgia
Germany
Ghana
Greece
Guatemala
Guernsey(Statesof)
Honduras
HongKong
Hungary
Iceland
India
Indonesia
Ireland
IsleofMan
Israel
Italy
Jamaica
Japan
Jersey(Statesof)
Jordan
Kazakhstan
Kenya
Korea
Kuwait
Latvia
Lebanon
Liechtenstein
Lithuania
Africa
Eastern Europe & Russia
Western Europe
Africa
Western Europe
Central and South America
Western Europe
Central and South America
Asia
Eastern Europe & Russia
Western Europe
Asia
Asia
Western Europe
Western Europe
Middle East
Western Europe
Caribbean
Asia
Western Europe
Middle East
Eastern Europe & Russia
Africa
Asia
Middle East
Eastern Europe & Russia
Middle East
Western Europe
Eastern Europe & Russia
Ba3
Ba3
Aaa
B3
Caa3
Ba1
Aa1
B3
Aa1
Ba1
Baa2
Baa3
Baa3
Baa1
Aa1
A1
Baa2
Caa2
A1
Aa1
B1
Baa2
B1
Aa2
Aa2
A3
B2
Aaa
A3
3.99%
3.99%
0.00%
7.21%
11.08%
2.77%
0.44%
7.21%
0.44%
2.77%
2.11%
2.44%
2.44%
1.77%
0.44%
0.78%
2.11%
9.98%
0.78%
0.44%
4.99%
2.11%
4.99%
0.55%
0.55%
1.33%
6.10%
0.00%
1.33%
Luxembourg
Macao
Macedonia
Malaysia
Malta
Mauritius
Mexico
Moldova
Mongolia
Montenegro
Montserrat
Morocco
Mozambique
Namibia
Netherlands
NewZealand
Nicaragua
Nigeria
Norway
Oman
Pakistan
Panama
PapuaNewGuinea
Paraguay
Peru
Philippines
Poland
Portugal
Qatar
Western Europe
Asia
Eastern Europe & Russia
Asia
Western Europe
Asia
Central and South America
Eastern Europe & Russia
Asia
Eastern Europe & Russia
Caribbean
Africa
Africa
Africa
Western Europe
Australia & New Zealand
Central and South America
Africa
Western Europe
Middle East
Asia
Central and South America
Asia
Central and South America
Central and South America
Asia
Eastern Europe & Russia
Western Europe
Middle East
Aaa
Aa2
Ba3
A3
A3
Baa1
A3
B3
B2
Ba3
Baa3
Ba1
B2
Baa3
Aaa
Aaa
B2
Ba3
Aaa
A1
B3
Baa2
B1
Ba1
A3
Baa2
A2
Ba1
Aa2
0.00%
0.55%
3.99%
1.33%
1.33%
1.77%
1.33%
7.21%
6.10%
3.99%
2.44%
2.77%
6.10%
2.44%
0.00%
0.00%
6.10%
3.99%
0.00%
0.78%
7.21%
2.11%
4.99%
2.77%
1.33%
2.11%
0.94%
2.77%
0.55%
RasAlKhaimah(Emirateof)
Romania
Russia
Rwanda
SaudiArabia
Senegal
Serbia
Sharjah
Singapore
Slovakia
Slovenia
SouthAfrica
Spain
SriLanka
St.Maarten
St.Vincent&theGrenadines
Suriname
Sweden
Switzerland
Taiwan
Thailand
TrinidadandTobago
Tunisia
Turkey
TurksandCaicosIslands
Uganda
Ukraine
UnitedArabEmirates
UnitedKingdom
Middle East
Eastern Europe & Russia
Eastern Europe & Russia
Africa
Middle East
Africa
Eastern Europe & Russia
Middle East
Asia
Eastern Europe & Russia
Eastern Europe & Russia
Africa
Western Europe
Asia
Caribbean
Caribbean
Central and South America
Western Europe
Western Europe
Asia
Asia
Caribbean
Africa
Western Europe
Caribbean
Africa
Eastern Europe & Russia
Middle East
Western Europe
A2
Baa3
Ba1
B1
Aa3
B1
B1
A3
Aaa
A2
Baa3
Baa2
Baa2
B1
Baa1
B3
Ba3
Aaa
Aaa
Aa3
Baa1
Baa2
Ba3
Baa3
Baa1
B1
Caa3
Aa2
Aa1
0.94%
2.44%
2.77%
4.99%
0.67%
4.99%
4.99%
1.33%
0.00%
0.94%
2.44%
2.11%
2.11%
4.99%
1.77%
7.21%
3.99%
0.00%
0.00%
0.67%
1.77%
2.11%
3.99%
2.44%
1.77%
4.99%
11.08%
0.55%
0.44%
UnitedStatesofAmerica
Uruguay
Venezuela
Vietnam
Zambia
North America
Central and South America
Central and South America
Asia
Africa
Aaa
Baa2
Caa3
B1
B2
0.00%
2.11%
11.08%
4.99%
6.10%
ERP
12.71%
8.84%
14.20%
17.17%
12.71%
12.71%
17.17%
10.48%
17.17%
17.17%
17.17%
17.17%
14.20%
17.17%
12.71%
12.71%
17.17%
17.17%
20.90%
CRP
FrontierMarkets(nosovereignratings)
PRS Composite Risk Score
Algeria
Brunei
Gambia
Guinea
Guinea-Bissau
Guyana
Haiti
Iran
Iraq
Korea, D.P.R.
Liberia
Libya
Madagascar
Malawi
Mali
Myanmar
Niger
Sierra Leone
Somalia
63.0
72.8
62.0
53.8
62.3
63.5
57.0
67.8
56.0
56.0
50.5
52.8
61.3
57.0
62.5
63.3
51.0
56.5
42.5
6.71%
2.84%
8.20%
11.17%
6.71%
6.71%
11.17%
4.48%
11.17%
11.17%
11.17%
11.17%
8.20%
11.17%
6.71%
6.71%
11.17%
11.17%
14.90%
Sudan
Syria
Tanzania
Togo
Yemen, Republic
Zimbabwe
48.3
35.8
63.0
63.8
50.3
54.5
20.90%
25.00%
12.71%
12.71%
17.17%
17.17%
Rating
A1
A2
A3
Aa1
Aa2
Aa3
Aaa
B1
B2
B3
Ba1
Ba2
Ba3
Baa1
Baa2
Baa3
Ca
Caa1
Caa2
Caa3
NR
14.90%
19.00%
6.71%
6.71%
11.17%
11.17%
EstimatingCountryRiskPremiums
6.00%
Yes
1.39
TotalEquityRiskPremium CountryRiskPremium
SovereignCDS,netofUS
TotalEquityRiskPremiumCountryRiskPremium Has to be sorted in ascend
6.77%
0.77%
0.82%
7.14%
1.14%
Rating
12.95%
6.95%
NA
NA
NA
A1
9.40%
3.40%
NA
NA
NA
A2
10.64%
4.64%
NA
NA
NA
A3
17.58%
11.58%
NA
NA
NA
Aa1
11.56%
5.56%
NA
NA
NA
Aa2
8.47%
2.47%
NA
NA
NA
Aa3
6.00%
0.00%
0.34%
6.47%
0.47%
Aaa
6.00%
0.00%
0.12%
6.17%
0.17%
B1
9.40%
3.40%
NA
NA
NA
B2
8.94%
2.94%
NA
NA
NA
B3
9.40%
3.40%
3.52%
10.90%
4.90%
Ba1
11.56%
5.56%
NA
NA
NA
Ba2
16.05%
10.05%
NA
NA
NA
Ba3
17.58%
11.58%
NA
NA
NA
Baa1
6.93%
0.93%
0.32%
6.45%
0.45%
Baa2
19.91%
13.91%
NA
NA
NA
Baa3
7.09%
1.09%
NA
NA
NA
Ca
11.56%
5.56%
NA
NA
NA
Caa1
16.05%
10.05%
NA
NA
NA
Caa2
7.31%
1.31%
NA
NA
NA
Caa3
9.40%
3.40%
5.19%
13.23%
7.23%
NR
8.94%
2.94%
1.81%
8.52%
2.52%
16.05%
14.50%
14.50%
6.00%
6.93%
14.50%
6.93%
6.93%
8.94%
16.05%
11.56%
12.95%
9.86%
11.56%
9.86%
19.91%
7.85%
12.95%
7.09%
6.00%
12.95%
16.05%
16.05%
11.56%
7.09%
12.95%
12.95%
6.00%
6.77%
10.05%
8.50%
8.50%
0.00%
0.93%
8.50%
0.93%
0.93%
2.94%
10.05%
5.56%
6.95%
3.86%
5.56%
3.86%
13.91%
1.85%
6.95%
1.09%
0.00%
6.95%
10.05%
10.05%
5.56%
1.09%
6.95%
6.95%
0.00%
0.77%
NA
NA
NA
NA
NA
NA
1.27%
1.23%
2.63%
NA
NA
NA
4.44%
NA
3.00%
NA
NA
2.71%
0.54%
0.00%
NA
NA
4.88%
NA
0.46%
NA
NA
0.07%
0.21%
NA
NA
NA
NA
NA
NA
7.77%
7.71%
9.66%
NA
NA
NA
12.19%
NA
10.18%
NA
NA
9.78%
6.75%
6.00%
NA
NA
12.80%
NA
6.64%
NA
NA
6.10%
6.29%
NA
NA
NA
NA
NA
NA
1.77%
1.71%
3.66%
NA
NA
NA
6.19%
NA
4.18%
NA
NA
3.78%
0.75%
0.00%
NA
NA
6.80%
NA
0.64%
NA
NA
0.10%
0.29%
11.56%
11.56%
6.00%
16.05%
21.44%
9.86%
6.61%
16.05%
6.61%
9.86%
8.94%
9.40%
9.40%
8.47%
6.61%
7.09%
8.94%
19.91%
7.09%
6.61%
12.95%
8.94%
12.95%
6.77%
6.77%
7.85%
14.50%
6.00%
7.85%
5.56%
5.56%
0.00%
10.05%
15.44%
3.86%
0.61%
10.05%
0.61%
3.86%
2.94%
3.40%
3.40%
2.47%
0.61%
1.09%
2.94%
13.91%
1.09%
0.61%
6.95%
2.94%
6.95%
0.77%
0.77%
1.85%
8.50%
0.00%
1.85%
NA
NA
0.00%
NA
NA
NA
NA
NA
0.39%
1.76%
0.41%
1.72%
2.86%
0.41%
NA
0.87%
1.15%
NA
0.54%
NA
NA
2.91%
NA
0.40%
NA
0.90%
4.48%
NA
0.90%
NA
NA
6.00%
NA
NA
NA
NA
NA
6.54%
8.45%
6.57%
8.40%
9.98%
6.57%
NA
7.21%
7.60%
NA
6.75%
NA
NA
10.05%
NA
6.56%
NA
7.25%
12.24%
NA
7.25%
NA
NA
0.00%
NA
NA
NA
NA
NA
0.54%
2.45%
0.57%
2.40%
3.98%
0.57%
NA
1.21%
1.60%
NA
0.75%
NA
NA
4.05%
NA
0.56%
NA
1.25%
6.24%
NA
1.25%
6.00%
6.77%
11.56%
7.85%
7.85%
8.47%
7.85%
16.05%
14.50%
11.56%
9.40%
9.86%
14.50%
9.40%
6.00%
6.00%
14.50%
11.56%
6.00%
7.09%
16.05%
8.94%
12.95%
9.86%
7.85%
8.94%
7.31%
9.86%
6.77%
0.00%
0.77%
5.56%
1.85%
1.85%
2.47%
1.85%
10.05%
8.50%
5.56%
3.40%
3.86%
8.50%
3.40%
0.00%
0.00%
8.50%
5.56%
0.00%
1.09%
10.05%
2.94%
6.95%
3.86%
1.85%
2.94%
1.31%
3.86%
0.77%
NA
NA
NA
2.11%
NA
NA
1.91%
NA
NA
NA
NA
1.87%
NA
NA
0.00%
0.38%
NA
NA
0.00%
NA
5.53%
1.94%
NA
NA
2.06%
1.34%
0.83%
2.05%
0.93%
NA
NA
NA
8.94%
NA
NA
8.66%
NA
NA
NA
NA
8.61%
NA
NA
6.00%
6.53%
NA
NA
6.00%
NA
13.71%
8.70%
NA
NA
8.87%
7.87%
7.16%
8.86%
7.30%
NA
NA
NA
2.94%
NA
NA
2.66%
NA
NA
NA
NA
2.61%
NA
NA
0.00%
0.53%
NA
NA
0.00%
NA
7.71%
2.70%
NA
NA
2.87%
1.87%
1.16%
2.86%
1.30%
7.31%
9.40%
9.86%
12.95%
6.93%
12.95%
12.95%
7.85%
6.00%
7.31%
9.40%
8.94%
8.94%
12.95%
8.47%
16.05%
11.56%
6.00%
6.00%
6.93%
8.47%
8.94%
11.56%
9.40%
8.47%
12.95%
21.44%
6.77%
6.61%
1.31%
3.40%
3.86%
6.95%
0.93%
6.95%
6.95%
1.85%
0.00%
1.31%
3.40%
2.94%
2.94%
6.95%
2.47%
10.05%
5.56%
0.00%
0.00%
0.93%
2.47%
2.94%
5.56%
3.40%
2.47%
6.95%
15.44%
0.77%
0.61%
NA
1.35%
3.09%
NA
1.54%
NA
NA
NA
NA
0.55%
1.29%
3.49%
1.05%
NA
NA
NA
NA
0.00%
0.03%
NA
1.61%
NA
4.19%
2.90%
NA
NA
NA
NA
0.03%
NA
7.88%
10.31%
NA
8.15%
NA
NA
NA
NA
6.77%
7.80%
10.86%
7.46%
NA
NA
NA
NA
6.00%
6.04%
NA
8.24%
NA
11.84%
10.04%
NA
NA
NA
NA
6.04%
NA
1.88%
4.31%
NA
2.15%
NA
NA
NA
NA
0.77%
1.80%
4.86%
1.46%
NA
NA
NA
NA
0.00%
0.04%
NA
2.24%
NA
5.84%
4.04%
NA
NA
NA
NA
0.04%
6.00%
8.94%
21.44%
12.95%
14.50%
0.00%
2.94%
15.44%
6.95%
8.50%
0.00%
NA
NA
3.14%
NA
6.00%
NA
NA
10.38%
NA
0.00%
NA
NA
4.38%
NA
Index:
Source:
Volatility
11.00%
15.32%
1.39334
BAMLEMPBPUBSICRPIEY
BAMLEMPUPUBSLCRPIUSEY
Period
Interval
DATE
VALUE
2010-12-31
5.17 Average =
4.68 In spread %
2011-01-03
0.514594725 In spread %
2011-01-04
5.12 CV =
2011-01-05
5.13
2011-01-06
5.08
2011-01-07
5.06
2011-01-10
5.08
2011-01-11
5.09
2011-01-12
5.06
2011-01-13
5.03
2011-01-14
5.05
2011-01-17
5.05
2011-01-18
5.04
2011-01-19
5.03
2011-01-20
5.07
2011-01-21
5.06
2011-01-24
5.06
2011-01-25
5.05
2011-01-26
5.06
2011-01-27
5.04
2011-01-28
5.05
2011-01-31
5.14
2011-02-01
5.15
2011-02-02
5.15
11.00%
2011-02-03
5.16
2011-02-04
5.20
2011-02-07
5.18
2011-02-08
5.22
2011-02-09
5.19
2011-02-10
5.23
2011-02-11
5.22
2011-02-14
5.22
2011-02-15
5.22
2011-02-16
5.22
2011-02-17
5.19
2011-02-18
5.20
2011-02-21
5.19
2011-02-22
5.16
2011-02-23
5.21
2011-02-24
5.19
2011-02-25
5.18
2011-02-28
5.27
2011-03-01
5.24
2011-03-02
5.27
2011-03-03
5.29
2011-03-04
5.21
2011-03-07
5.21
2011-03-08
5.21
2011-03-09
5.17
2011-03-10
5.15
2011-03-11
5.16
2011-03-14
5.15
2011-03-15
5.18
2011-03-16
5.14
2011-03-17
5.15
2011-03-18
5.16
2011-03-21
5.15
2011-03-22
5.14
2011-03-23
5.13
2011-03-24
5.13
2011-03-25
5.13
2011-03-28
5.12
2011-03-29
5.13
2011-03-30
5.11
2011-03-31
5.19
2011-04-01
5.18
2011-04-04
5.15
2011-04-05
5.15
2011-04-06
5.16
2011-04-07
5.13
2011-04-08
5.13
2011-04-11
5.13
2011-04-12
5.12
2011-04-13
5.10
2011-04-14
5.12
2011-04-15
5.09
2011-04-18
5.08
2011-04-19
5.08
2011-04-20
5.09
2011-04-21
5.08
2011-04-25
5.07
2011-04-26
5.03
2011-04-27
5.04
2011-04-28
5.03
2011-04-29
5.00
2011-04-30
5.04
2011-05-02
5.02
2011-05-03
5.01
2011-05-04
5.00
2011-05-05
4.98
2011-05-06
4.97
2011-05-09
4.95
2011-05-10
4.97
2011-05-11
4.93
2011-05-12
4.95
2011-05-13
4.93
2011-05-16
4.91
2011-05-17
4.89
2011-05-18
4.89
2011-05-19
4.87
2011-05-20
4.86
2011-05-23
4.86
2011-05-24
4.88
2011-05-25
4.87
2011-05-26
4.86
2011-05-27
4.88
2011-05-30
4.88
2011-05-31
4.93
2011-06-01
4.89
2011-06-02
4.91
2011-06-03
4.90
2011-06-06
4.90
2011-06-07
4.89
2011-06-08
4.87
2011-06-09
4.90
2011-06-10
4.89
2011-06-13
4.89
2011-06-14
4.92
2011-06-15
4.89
2011-06-16
4.90
2011-06-17
4.93
2011-06-20
4.93
2011-06-21
4.91
2011-06-22
4.93
2011-06-23
4.93
2011-06-24
4.93
2011-06-27
4.96
2011-06-28
4.99
2011-06-29
4.97
2011-06-30
4.98
2011-07-01
4.98
2011-07-04
4.97
2011-07-05
4.94
2011-07-06
4.94
2011-07-07
4.94
2011-07-08
4.90
2011-07-11
4.88
2011-07-12
4.90
2011-07-13
4.88
2011-07-14
4.90
2011-07-15
4.88
2011-07-18
4.88
2011-07-19
4.88
2011-07-20
4.89
2011-07-21
4.90
2011-07-22
4.86
2011-07-25
4.86
2011-07-26
4.84
2011-07-27
4.83
2011-07-28
4.78
2011-07-29
4.70
2011-07-31
4.75
2011-08-01
4.70
2011-08-02
4.64
2011-08-03
4.64
2011-08-04
4.64
2011-08-05
4.74
2011-08-08
4.85
2011-08-09
4.89
2011-08-10
4.85
2011-08-11
5.01
2011-08-12
4.95
2011-08-15
4.93
2011-08-16
4.87
2011-08-17
4.83
2011-08-18
4.84
2011-08-19
4.83
2011-08-22
4.84
2011-08-23
4.90
2011-08-24
4.96
2011-08-25
4.98
2011-08-26
4.99
2011-08-29
5.02
2011-08-30
4.98
2011-08-31
4.94
2011-09-01
4.90
2011-09-02
4.89
2011-09-05
4.89
2011-09-06
4.93
2011-09-07
4.91
2011-09-08
4.88
2011-09-09
4.87
2011-09-12
4.93
2011-09-13
4.96
2011-09-14
5.00
2011-09-15
5.05
2011-09-16
5.04
2011-09-19
5.06
2011-09-20
5.08
2011-09-21
5.13
2011-09-22
5.33
2011-09-23
5.50
2011-09-26
5.64
2011-09-27
5.73
2011-09-28
5.72
2011-09-29
5.70
2011-09-30
5.77
2011-10-03
5.80
2011-10-04
5.98
2011-10-05
6.01
2011-10-06
5.94
2011-10-07
5.89
2011-10-10
5.87
2011-10-11
5.77
2011-10-12
5.67
2011-10-13
5.59
2011-10-14
5.52
2011-10-17
5.44
2011-10-18
5.42
2011-10-19
5.39
2011-10-20
5.41
2011-10-21
5.40
2011-10-24
5.38
2011-10-25
5.30
2011-10-26
5.29
2011-10-27
5.18
2011-10-28
5.14
2011-10-31
5.17
2011-11-01
5.22
2011-11-02
5.22
2011-11-03
5.18
2011-11-04
5.14
2011-11-07
5.14
2011-11-08
5.12
2011-11-09
5.12
2011-11-10
5.17
2011-11-11
5.17
2011-11-14
5.18
2011-11-15
5.20
2011-11-16
5.22
2011-11-17
5.23
2011-11-18
5.26
2011-11-21
5.30
2011-11-22
5.33
2011-11-23
5.37
2011-11-24
5.37
2011-11-25
5.45
2011-11-28
5.42
2011-11-29
5.46
2011-11-30
5.49
2011-12-01
5.48
2011-12-02
5.44
2011-12-05
5.42
2011-12-06
5.44
2011-12-07
5.40
2011-12-08
5.40
2011-12-09
5.44
2011-12-12
5.45
2011-12-13
5.46
2011-12-14
5.46
2011-12-15
5.47
2011-12-16
5.45
2011-12-19
5.47
2011-12-20
5.48
2011-12-21
5.48
2011-12-22
5.46
2011-12-23
5.48
2011-12-27
5.48
2011-12-28
5.45
2011-12-29
5.43
2011-12-30
5.41
2011-12-31
5.45
2012-01-03
5.42
2012-01-04
5.42
2012-01-05
5.42
2012-01-06
5.42
2012-01-09
5.42
2012-01-10
5.43
2012-01-11
5.43
2012-01-12
5.42
2012-01-13
5.41
2012-01-16
5.40
2012-01-17
5.40
2012-01-18
5.40
2012-01-19
5.37
2012-01-20
5.35
2012-01-23
5.32
2012-01-24
5.30
2012-01-25
5.24
2012-01-26
5.15
2012-01-27
5.13
2012-01-30
5.12
2012-01-31
5.13
2012-02-01
5.10
2012-02-02
5.09
2012-02-03
5.10
2012-02-06
5.06
2012-02-07
5.09
2012-02-08
5.08
2012-02-09
5.07
2012-02-10
5.04
2012-02-13
5.03
2012-02-14
5.00
2012-02-15
4.99
2012-02-16
5.02
2012-02-17
5.00
2012-02-20
5.00
2012-02-21
4.99
2012-02-22
4.91
2012-02-23
4.88
2012-02-24
4.87
2012-02-27
4.84
2012-02-28
4.79
2012-02-29
4.78
2012-03-01
4.77
2012-03-02
4.71
2012-03-05
4.71
2012-03-06
4.74
2012-03-07
4.73
2012-03-08
4.71
2012-03-09
4.69
2012-03-12
4.68
2012-03-13
4.66
2012-03-14
4.69
2012-03-15
4.70
2012-03-16
4.69
2012-03-19
4.70
2012-03-20
4.71
2012-03-21
4.70
2012-03-22
4.72
2012-03-23
4.72
2012-03-26
4.70
2012-03-27
4.69
2012-03-28
4.69
2012-03-29
4.68
2012-03-30
4.70
2012-03-31
4.75
2012-04-02
4.75
2012-04-03
4.78
2012-04-04
4.77
2012-04-05
4.78
2012-04-09
4.77
2012-04-10
4.78
2012-04-11
4.79
2012-04-12
4.77
2012-04-13
4.74
2012-04-16
4.73
2012-04-17
4.71
2012-04-18
4.70
2012-04-19
4.68
2012-04-20
4.66
2012-04-23
4.66
2012-04-24
4.66
2012-04-25
4.63
2012-04-26
4.62
2012-04-27
4.59
2012-04-30
4.62
2012-05-01
4.60
2012-05-02
4.57
2012-05-03
4.53
2012-05-04
4.54
2012-05-07
4.54
2012-05-08
4.55
2012-05-09
4.59
2012-05-10
4.58
2012-05-11
4.59
2012-05-14
4.67
2012-05-15
4.71
2012-05-16
4.77
2012-05-17
4.79
2012-05-18
4.84
2012-05-21
4.83
2012-05-22
4.79
2012-05-23
4.84
2012-05-24
4.85
2012-05-25
4.85
2012-05-28
4.85
2012-05-29
4.83
2012-05-30
4.85
2012-05-31
4.91
2012-06-01
4.94
2012-06-04
4.97
2012-06-05
4.93
2012-06-06
4.88
2012-06-07
4.81
2012-06-08
4.81
2012-06-11
4.78
2012-06-12
4.81
2012-06-13
4.77
2012-06-14
4.77
2012-06-15
4.72
2012-06-18
4.71
2012-06-19
4.69
2012-06-20
4.69
2012-06-21
4.71
2012-06-22
4.73
2012-06-25
4.72
2012-06-26
4.72
2012-06-27
4.70
2012-06-28
4.70
2012-06-29
4.66
2012-06-30
4.67
2012-07-02
4.63
2012-07-03
4.60
2012-07-04
4.59
2012-07-05
4.57
2012-07-06
4.55
2012-07-09
4.54
2012-07-10
4.52
2012-07-11
4.50
2012-07-12
4.47
2012-07-13
4.43
2012-07-16
4.39
2012-07-17
4.36
2012-07-18
4.35
2012-07-19
4.34
2012-07-20
4.32
2012-07-23
4.37
2012-07-24
4.38
2012-07-25
4.38
2012-07-26
4.35
2012-07-27
4.34
2012-07-30
4.29
2012-07-31
4.28
2012-08-01
4.28
2012-08-02
4.26
2012-08-03
4.24
2012-08-06
4.19
2012-08-07
4.18
2012-08-08
4.19
2012-08-09
4.20
2012-08-10
4.20
2012-08-13
4.20
2012-08-14
4.22
2012-08-15
4.25
2012-08-16
4.26
2012-08-17
4.25
2012-08-20
4.25
2012-08-21
4.22
2012-08-22
4.18
2012-08-23
4.14
2012-08-24
4.14
2012-08-27
4.13
2012-08-28
4.11
2012-08-29
4.12
2012-08-30
4.12
2012-08-31
4.11
2012-09-03
4.11
2012-09-04
4.10
2012-09-05
4.09
2012-09-06
4.08
2012-09-07
4.04
2012-09-10
4.02
2012-09-11
4.00
2012-09-12
3.99
2012-09-13
3.99
2012-09-14
3.98
2012-09-17
3.97
2012-09-18
3.98
2012-09-19
3.97
2012-09-20
3.99
2012-09-21
3.98
2012-09-24
3.98
2012-09-25
3.98
2012-09-26
4.00
2012-09-27
3.97
2012-09-28
3.93
2012-09-30
3.95
2012-10-01
3.93
2012-10-02
3.92
2012-10-03
3.90
2012-10-04
3.90
2012-10-05
3.90
2012-10-08
3.89
2012-10-09
3.91
2012-10-10
3.89
2012-10-11
3.86
2012-10-12
3.83
2012-10-15
3.80
2012-10-16
3.78
2012-10-17
3.78
2012-10-18
3.77
2012-10-19
3.75
2012-10-22
3.76
2012-10-23
3.78
2012-10-24
3.79
2012-10-25
3.80
2012-10-26
3.79
2012-10-29
3.79
2012-10-31
3.84
2012-11-01
3.85
2012-11-02
3.84
2012-11-05
3.82
2012-11-06
3.82
2012-11-07
3.78
2012-11-08
3.79
2012-11-09
3.82
2012-11-12
3.81
2012-11-13
3.84
2012-11-14
3.85
2012-11-15
3.87
2012-11-16
3.88
2012-11-19
3.87
2012-11-20
3.87
2012-11-21
3.87
2012-11-22
3.87
2012-11-23
3.87
2012-11-26
3.85
2012-11-27
3.81
2012-11-28
3.79
2012-11-29
3.76
2012-11-30
3.77
2012-12-03
3.75
2012-12-04
3.74
2012-12-05
3.74
2012-12-06
3.72
2012-12-07
3.74
2012-12-10
3.72
2012-12-11
3.71
2012-12-12
3.72
2012-12-13
3.72
2012-12-14
3.71
2012-12-17
3.73
2012-12-18
3.74
2012-12-19
3.71
2012-12-20
3.70
2012-12-21
3.69
2012-12-24
3.69
2012-12-26
3.69
2012-12-27
3.68
2012-12-28
3.67
2012-12-31
3.66
2013-01-02
3.64
2013-01-03
3.61
2013-01-04
3.60
2013-01-07
3.60
2013-01-08
3.60
2013-01-09
3.60
2013-01-10
3.60
2013-01-11
3.61
2013-01-14
3.61
2013-01-15
3.60
2013-01-16
3.60
2013-01-17
3.61
2013-01-18
3.61
2013-01-21
3.60
2013-01-22
3.60
2013-01-23
3.59
2013-01-24
3.59
2013-01-25
3.61
2013-01-28
3.63
2013-01-29
3.65
2013-01-30
3.69
2013-01-31
3.80
2013-02-01
3.81
2013-02-04
3.83
2013-02-05
3.85
2013-02-06
3.83
2013-02-07
3.83
2013-02-08
3.81
2013-02-11
3.80
2013-02-12
3.81
2013-02-13
3.83
2013-02-14
3.80
2013-02-15
3.80
2013-02-18
3.79
2013-02-19
3.79
2013-02-20
3.78
2013-02-21
3.80
2013-02-22
3.79
2013-02-25
3.76
2013-02-26
3.76
2013-02-27
3.76
2013-02-28
3.77
2013-03-01
3.75
2013-03-04
3.75
2013-03-05
3.73
2013-03-06
3.76
2013-03-07
3.78
2013-03-08
3.79
2013-03-11
3.79
2013-03-12
3.77
2013-03-13
3.77
2013-03-14
3.78
2013-03-15
3.78
2013-03-18
3.79
2013-03-19
3.79
2013-03-20
3.80
2013-03-21
3.80
2013-03-22
3.80
2013-03-25
3.78
2013-03-26
3.78
2013-03-27
3.80
2013-03-28
3.81
2013-03-31
3.83
2013-04-01
3.83
2013-04-02
3.82
2013-04-03
3.81
2013-04-04
3.76
2013-04-05
3.72
2013-04-08
3.69
2013-04-09
3.67
2013-04-10
3.69
2013-04-11
3.68
2013-04-12
3.67
2013-04-15
3.68
2013-04-16
3.71
2013-04-17
3.73
2013-04-18
3.72
2013-04-19
3.71
2013-04-22
3.70
2013-04-23
3.68
2013-04-24
3.67
2013-04-25
3.68
2013-04-26
3.67
2013-04-29
3.64
2013-04-30
3.64
2013-05-01
3.62
2013-05-02
3.59
2013-05-03
3.61
2013-05-06
3.61
2013-05-07
3.60
2013-05-08
3.60
2013-05-09
3.59
2013-05-10
3.63
2013-05-13
3.66
2013-05-14
3.66
2013-05-15
3.67
2013-05-16
3.64
2013-05-17
3.67
2013-05-20
3.68
2013-05-21
3.69
2013-05-22
3.71
2013-05-23
3.75
2013-05-24
3.77
2013-05-27
3.77
2013-05-28
3.83
2013-05-29
3.93
2013-05-30
3.94
2013-05-31
4.06
2013-06-03
4.11
2013-06-04
4.12
2013-06-05
4.18
2013-06-06
4.24
2013-06-07
4.26
2013-06-10
4.32
2013-06-11
4.45
2013-06-12
4.44
2013-06-13
4.39
2013-06-14
4.29
2013-06-17
4.31
2013-06-18
4.35
2013-06-19
4.41
2013-06-20
4.73
2013-06-21
4.81
2013-06-24
5.04
2013-06-25
4.98
2013-06-26
4.92
2013-06-27
4.80
2013-06-28
4.77
2013-06-30
4.80
2013-07-01
4.78
2013-07-02
4.73
2013-07-03
4.78
2013-07-04
4.77
2013-07-05
4.86
2013-07-08
4.87
2013-07-09
4.84
2013-07-10
4.85
2013-07-11
4.78
2013-07-12
4.76
2013-07-15
4.71
2013-07-16
4.65
2013-07-17
4.60
2013-07-18
4.53
2013-07-19
4.50
2013-07-22
4.46
2013-07-23
4.46
2013-07-24
4.51
2013-07-25
4.54
2013-07-26
4.53
2013-07-29
4.54
2013-07-30
4.55
2013-07-31
4.64
2013-08-01
4.67
2013-08-02
4.64
2013-08-05
4.63
2013-08-06
4.63
2013-08-07
4.63
2013-08-08
4.61
2013-08-09
4.60
2013-08-12
4.60
2013-08-13
4.63
2013-08-14
4.64
2013-08-15
4.69
2013-08-16
4.71
2013-08-19
4.79
2013-08-20
4.82
2013-08-21
4.87
2013-08-22
4.92
2013-08-23
4.88
2013-08-26
4.87
2013-08-27
4.86
2013-08-28
4.90
2013-08-29
4.91
2013-09-02
4.96
2013-09-03
5.00
2013-09-04
5.04
2013-09-05
5.09
2013-09-06
5.05
2013-09-09
5.00
2013-09-10
5.01
2013-09-11
4.97
2013-09-12
4.93
2013-09-13
4.92
2013-09-16
4.84
2013-09-17
4.83
2013-09-18
4.75
2013-09-19
4.63
2013-09-20
4.63
2013-09-23
4.63
2013-09-24
4.65
2013-09-25
4.65
2013-09-26
4.68
2013-09-27
4.68
2013-09-30
4.74
2013-10-01
4.75
2013-10-02
4.75
2013-10-03
4.74
2013-10-04
4.74
2013-10-07
4.73
2013-10-08
4.73
2013-10-09
4.73
2013-10-10
4.71
2013-10-11
4.68
2013-10-14
4.68
2013-10-15
4.67
2013-10-16
4.63
2013-10-17
4.56
2013-10-18
4.50
2013-10-21
4.50
2013-10-22
4.46
2013-10-23
4.43
2013-10-24
4.45
2013-10-25
4.44
2013-10-28
4.44
2013-10-29
4.45
2013-10-30
4.44
2013-10-31
4.41
2013-11-01
4.45
2013-11-04
4.46
2013-11-05
4.52
2013-11-06
4.52
2013-11-07
4.53
2013-11-08
4.59
2013-11-11
4.59
2013-11-12
4.69
2013-11-13
4.68
2013-11-14
4.64
2013-11-15
4.61
2013-11-18
4.56
2013-11-19
4.57
2013-11-20
4.58
2013-11-21
4.60
2013-11-22
4.58
2013-11-25
4.56
2013-11-26
4.55
2013-11-27
4.56
2013-11-28
4.56
2013-11-29
4.57
2013-11-30
4.59
2013-12-02
4.62
2013-12-03
4.63
2013-12-04
4.66
2013-12-05
4.67
2013-12-06
4.67
2013-12-09
4.65
2013-12-10
4.60
2013-12-11
4.61
2013-12-12
4.63
2013-12-13
4.61
2013-12-16
4.59
2013-12-17
4.59
2013-12-18
4.58
2013-12-19
4.59
2013-12-20
4.59
2013-12-23
4.58
2013-12-24
4.60
2013-12-26
4.60
2013-12-27
4.61
2013-12-30
4.59
2013-12-31
4.61
2014-01-02
4.61
2014-01-03
4.62
2014-01-06
4.60
2014-01-07
4.58
2014-01-08
4.60
2014-01-09
4.60
2014-01-10
4.57
2014-01-13
4.54
2014-01-14
4.54
2014-01-15
4.53
2014-01-16
4.52
2014-01-17
4.51
2014-01-20
4.50
2014-01-21
4.51
2014-01-22
4.53
2014-01-23
4.53
2014-01-24
4.58
2014-01-27
4.61
2014-01-28
4.59
2014-01-29
4.60
2014-01-30
4.63
2014-01-31
4.70
2014-02-03
4.69
2014-02-04
4.68
2014-02-05
4.67
2014-02-06
4.65
2014-02-07
4.63
2014-02-10
4.61
2014-02-11
4.61
2014-02-12
4.61
2014-02-13
4.61
2014-02-14
4.60
2014-02-17
4.59
2014-02-18
4.56
2014-02-19
4.58
2014-02-20
4.59
2014-02-21
4.56
2014-02-24
4.52
2014-02-25
4.49
2014-02-26
4.49
2014-02-27
4.46
2014-02-28
4.46
2014-03-03
4.57
2014-03-04
4.55
2014-03-05
4.55
2014-03-06
4.56
2014-03-07
4.59
2014-03-10
4.64
2014-03-11
4.63
2014-03-12
4.67
2014-03-13
4.67
2014-03-14
4.71
2014-03-17
4.71
2014-03-18
4.66
2014-03-19
4.66
2014-03-20
4.69
2014-03-21
4.69
2014-03-24
4.67
2014-03-25
4.65
2014-03-26
4.58
2014-03-27
4.51
2014-03-28
4.51
2014-03-31
4.61
2014-04-01
4.57
2014-04-02
4.59
2014-04-03
4.59
2014-04-04
4.55
2014-04-07
4.54
2014-04-08
4.51
2014-04-09
4.50
2014-04-10
4.46
2014-04-11
4.47
2014-04-14
4.51
2014-04-15
4.54
2014-04-16
4.55
2014-04-17
4.55
2014-04-21
4.54
2014-04-22
4.54
2014-04-23
4.54
2014-04-24
4.55
2014-04-25
4.61
2014-04-28
4.62
2014-04-29
4.60
2014-04-30
4.58
2014-05-01
4.54
2014-05-02
4.53
2014-05-05
4.54
2014-05-06
4.52
2014-05-07
4.46
2014-05-08
4.40
2014-05-09
4.40
2014-05-12
4.40
2014-05-13
4.36
2014-05-14
4.33
2014-05-15
4.31
2014-05-16
4.31
2014-05-19
4.30
2014-05-20
4.27
2014-05-21
4.26
2014-05-22
4.26
2014-05-23
4.23
2014-05-26
4.22
2014-05-27
4.20
2014-05-28
4.14
2014-05-29
4.10
2014-05-30
4.10
2014-05-31
4.16
2014-06-02
4.18
2014-06-03
4.21
2014-06-04
4.22
2014-06-05
4.20
2014-06-06
4.13
2014-06-09
4.10
2014-06-10
4.12
2014-06-11
4.15
2014-06-12
4.14
2014-06-13
4.15
2014-06-16
4.19
2014-06-17
4.21
2014-06-18
4.19
2014-06-19
4.15
2014-06-20
4.14
2014-06-23
4.14
2014-06-24
4.10
2014-06-25
4.09
2014-06-26
4.08
2014-06-27
4.09
2014-06-30
4.12
2014-07-01
4.14
2014-07-02
4.16
2014-07-03
4.16
2014-07-04
4.16
2014-07-07
4.15
2014-07-08
4.11
2014-07-09
4.09
2014-07-10
4.10
2014-07-11
4.09
2014-07-14
4.10
2014-07-15
4.10
2014-07-16
4.12
2014-07-17
4.16
2014-07-18
4.18
2014-07-21
4.21
2014-07-22
4.20
2014-07-23
4.16
2014-07-24
4.17
2014-07-25
4.21
2014-07-28
4.26
2014-07-29
4.28
2014-07-30
4.31
2014-07-31
4.35
2014-08-01
4.37
2014-08-04
4.38
2014-08-05
4.41
2014-08-06
4.45
2014-08-07
4.44
2014-08-08
4.46
2014-08-11
4.42
2014-08-12
4.40
2014-08-13
4.35
2014-08-14
4.31
2014-08-15
4.28
2014-08-18
4.26
2014-08-19
4.25
2014-08-20
4.27
2014-08-21
4.26
2014-08-22
4.27
2014-08-25
4.27
2014-08-26
4.24
2014-08-27
4.21
2014-08-28
4.25
2014-08-29
4.28
2014-08-31
4.28
2014-09-01
4.29
2014-09-02
4.36
2014-09-03
4.32
2014-09-04
4.32
2014-09-05
4.32
2014-09-08
4.36
2014-09-09
4.38
2014-09-10
4.42
2014-09-11
4.41
2014-09-12
4.45
2014-09-15
4.47
2014-09-16
4.48
2014-09-17
4.50
2014-09-18
4.52
2014-09-19
4.49
2014-09-22
4.47
2014-09-23
4.45
2014-09-24
4.44
2014-09-25
4.44
2014-09-26
4.47
2014-09-29
4.53
2014-09-30
4.53
2014-10-01
4.51
2014-10-02
4.52
2014-10-03
4.53
2014-10-06
4.51
2014-10-07
4.47
2014-10-08
4.46
2014-10-09
4.45
2014-10-10
4.47
2014-10-13
4.47
2014-10-14
4.45
2014-10-15
4.48
2014-10-16
4.51
2014-10-17
4.47
2014-10-20
4.46
2014-10-21
4.46
2014-10-22
4.45
2014-10-23
4.48
2014-10-24
4.48
2014-10-27
4.46
2014-10-28
4.43
2014-10-29
4.43
2014-10-30
4.40
2014-10-31
4.42
2014-11-03
4.40
2014-11-04
4.46
2014-11-05
4.47
2014-11-06
4.50
2014-11-07
4.51
2014-11-10
4.52
2014-11-11
4.52
2014-11-12
4.53
2014-11-13
4.55
2014-11-14
4.60
2014-11-17
4.66
2014-11-18
4.65
2014-11-19
4.65
2014-11-20
4.63
2014-11-21
4.59
2014-11-24
4.57
2014-11-25
4.56
2014-11-26
4.56
2014-11-27
4.56
2014-11-28
4.57
2014-11-30
4.62
2014-12-01
4.72
2014-12-02
4.78
2014-12-03
4.83
2014-12-04
4.84
2014-12-05
4.91
2014-12-08
4.99
2014-12-09
5.09
2014-12-10
5.15
2014-12-11
5.22
2014-12-12
5.33
2014-12-15
5.56
2014-12-16
5.78
2014-12-17
5.67
2014-12-18
5.48
2014-12-19
5.40
2014-12-22
5.32
2014-12-23
5.35
2014-12-24
5.35
2014-12-26
5.36
2014-12-29
5.36
2014-12-30
5.37
2014-12-31
5.38
2015-01-02
5.38
2015-01-05
5.46
2015-01-06
5.57
2015-01-07
5.53
2015-01-08
5.45
2015-01-09
5.45
2015-01-12
5.46
2015-01-13
5.46
2015-01-14
5.43
2015-01-15
5.36
2015-01-19
5.38
2015-01-20
5.38
2015-01-21
5.39
2015-01-22
5.38
2015-01-23
5.27
2015-01-26
5.28
2015-01-27
5.32
2015-01-28
5.28
2015-01-29
5.33
2015-01-30
5.38
2015-01-31
5.38
2015-02-02
5.37
2015-02-03
5.35
2015-02-04
5.32
2015-02-05
5.28
2015-02-06
5.29
2015-02-09
5.29
2015-02-10
5.34
2015-02-11
5.35
2015-02-12
5.28
2015-02-13
5.21
2015-02-16
5.20
2015-02-17
5.21
2015-02-18
5.14
2015-02-19
5.19
2015-02-20
5.21
2015-02-23
5.22
2015-02-24
5.16
2015-02-25
5.17
2015-02-26
5.16
2015-02-27
5.14
2015-02-28
5.15
2015-03-02
5.16
2015-03-03
5.13
2015-03-04
5.14
2015-03-05
5.11
2015-03-06
5.13
2015-03-09
5.18
2015-03-10
5.22
2015-03-11
5.22
2015-03-12
5.19
2015-03-13
5.25
2015-03-16
5.31
2015-03-17
5.34
2015-03-18
5.29
2015-03-19
5.25
2015-03-20
5.16
2015-03-23
5.11
2015-03-24
5.05
2015-03-25
5.03
2015-03-26
5.07
2015-03-27
5.05
2015-03-30
5.05
2015-03-31
4.97
2015-04-01
4.90
2015-04-02
4.85
2015-04-06
4.83
2015-04-07
4.78
2015-04-08
4.73
2015-04-09
4.69
2015-04-10
4.68
2015-04-13
4.65
2015-04-14
4.63
2015-04-15
4.61
2015-04-16
4.59
2015-04-17
4.61
2015-04-20
4.65
2015-04-21
4.66
2015-04-22
4.65
2015-04-23
4.59
2015-04-24
4.55
2015-04-27
4.53
2015-04-28
4.57
2015-04-29
4.58
2015-04-30
4.61
2015-05-01
4.64
2015-05-04
4.64
2015-05-05
4.66
2015-05-06
4.65
2015-05-07
4.68
2015-05-08
4.64
2015-05-11
4.65
2015-05-12
4.68
2015-05-13
4.63
2015-05-14
4.60
2015-05-15
4.56
2015-05-18
4.54
2015-05-19
4.57
2015-05-20
4.58
2015-05-21
4.55
2015-05-22
4.55
2015-05-26
4.54
2015-05-27
4.61
2015-05-28
4.62
2015-05-29
4.62
2015-05-31
4.65
2015-06-01
4.74
2015-06-02
4.77
2015-06-03
4.73
2015-06-04
4.76
2015-06-05
4.82
2015-06-08
4.85
2015-06-09
4.86
2015-06-10
4.90
2015-06-11
4.88
2015-06-12
4.87
2015-06-15
4.87
2015-06-16
4.90
2015-06-17
4.88
2015-06-18
4.86
2015-06-19
4.83
2015-06-22
4.83
2015-06-23
4.83
2015-06-24
4.81
2015-06-25
4.82
2015-06-26
4.86
2015-06-29
4.88
2015-06-30
4.89
2015-07-01
4.89
2015-07-02
4.87
2015-07-03
4.87
2015-07-06
4.84
2015-07-07
4.87
2015-07-08
4.88
2015-07-09
4.91
2015-07-10
4.92
2015-07-13
4.92
2015-07-14
4.91
2015-07-15
4.89
2015-07-16
4.87
2015-07-17
4.86
2015-07-20
4.87
2015-07-21
4.87
2015-07-22
4.87
2015-07-23
4.88
2015-07-24
4.92
2015-07-27
4.96
2015-07-28
4.97
2015-07-29
4.95
2015-07-30
4.93
2015-07-31
4.88
2015-08-03
4.88
2015-08-04
4.90
2015-08-05
4.93
2015-08-06
4.98
2015-08-07
4.98
2015-08-10
5.00
2015-08-11
4.97
2015-08-12
4.97
2015-08-13
5.00
2015-08-14
5.01
2015-08-17
5.00
2015-08-18
5.03
2015-08-19
5.05
2015-08-20
5.10
2015-08-21
5.13
2015-08-24
5.25
2015-08-25
5.26
2015-08-26
5.29
2015-08-27
5.20
2015-08-28
5.17
2015-08-31
5.20
2015-09-01
5.21
2015-09-02
5.24
2015-09-03
5.22
2015-09-04
5.20
2015-09-07
5.20
2015-09-08
5.24
2015-09-09
5.23
2015-09-10
5.26
2015-09-11
5.28
2015-09-14
5.30
2015-09-15
5.31
2015-09-16
5.31
2015-09-17
5.29
2015-09-18
5.23
2015-09-21
5.28
2015-09-22
5.37
2015-09-23
5.40
2015-09-24
5.50
2015-09-25
5.51
2015-09-28
5.57
2015-09-29
5.63
2015-09-30
5.58
2015-10-01
5.51
2015-10-02
5.48
2015-10-05
5.39
2015-10-06
5.32
2015-10-07
5.28
2015-10-08
5.30
2015-10-09
5.25
2015-10-12
5.24
2015-10-13
5.23
2015-10-14
5.23
2015-10-15
5.20
2015-10-16
5.15
2015-10-19
5.15
2015-10-20
5.16
2015-10-21
5.20
2015-10-22
5.17
2015-10-23
5.14
2015-10-26
5.10
2015-10-27
5.10
2015-10-28
5.13
2015-10-29
5.15
2015-10-30
5.14
2015-10-31
5.15
2015-11-02
5.12
2015-11-03
5.08
2015-11-04
5.05
2015-11-05
5.08
2015-11-06
5.12
2015-11-09
5.18
2015-11-10
5.19
2015-11-11
5.19
2015-11-12
5.21
2015-11-13
5.24
2015-11-16
5.22
2015-11-17
5.19
2015-11-18
5.17
2015-11-19
5.11
2015-11-20
5.07
2015-11-23
5.08
2015-11-24
5.09
2015-11-25
5.12
2015-11-26
5.12
2015-11-27
5.12
2015-11-30
5.09
2015-12-01
5.11
2015-12-02
5.11
2015-12-03
5.16
2015-12-04
5.20
2015-12-07
5.21
2015-12-08
5.26
2015-12-09
5.25
2015-12-10
5.30
2015-12-11
5.37
2015-12-14
5.45
2015-12-15
5.43
2015-12-16
5.47
2015-12-17
5.43
2015-12-18
5.45
2015-12-21
5.48
2015-12-22
5.47
2015-12-23
5.48
2015-12-24
5.48
2015-12-28
5.48
2015-12-29
5.47
2015-12-30
5.48
5.50
Index:
Source:
Period
Interval
S&P
Emerging
BMI (US
Dollar) Gross
Effective dat Total Return Return
414.51
Daily Std
Deviation =
1/3/2011
418.41
Annualized
Std
Deviation=
1/4/2011
418.35
1/5/2011
416.83
1/6/2011
414.51
1/7/2011
410.94
1/10/2011
407.14
1/11/2011
409.74
1/12/2011
416.95
1/13/2011
416.71
1/14/2011
414.85
1/17/2011
413.12
1/18/2011
414.82
1/19/2011
414.68
1/20/2011
408.61
1/21/2011
407.41
1/24/2011
406.86
1/25/2011
406.25
1/26/2011
407.91
1/27/2011
407.41
1/28/2011
401.11
1/31/2011
399.92
2/1/2011
404.23
2/2/2011
406.08
12/31/2010
0.94%
-0.01%
-0.36%
-0.56%
-0.86%
-0.92%
0.64%
1.76%
-0.06%
-0.45%
-0.42%
0.41%
-0.03%
-1.46%
-0.29%
-0.13%
-0.15%
0.41%
-0.12%
-1.55%
-0.30%
1.08%
0.46%
0.95%
15.32%
2/3/2011
405.1
2/4/2011
403.88
2/7/2011
402.86
2/8/2011
402.67
2/9/2011
397.18
2/10/2011
391.02
2/11/2011
392.82
2/14/2011
396.83
2/15/2011
396.23
2/16/2011
398.7
2/17/2011
400.14
2/18/2011
402.6
2/21/2011
402.44
2/22/2011
395.87
2/23/2011
393.14
2/24/2011
390.18
2/25/2011
394.44
2/28/2011
398.3
3/1/2011
400.15
3/2/2011
400.54
3/3/2011
404.72
3/4/2011
407.43
3/7/2011
405.67
3/8/2011
406.72
3/9/2011
407
3/10/2011
400.66
3/11/2011
398.67
3/14/2011
400.85
3/15/2011
392.69
3/16/2011
393.2
3/17/2011
391.34
3/18/2011
393.34
3/21/2011
397.46
3/22/2011
401.09
3/23/2011
402.96
3/24/2011
406.46
3/25/2011
409.05
3/28/2011
406.91
3/29/2011
408.04
3/30/2011
413.54
3/31/2011
417.29
-0.24%
-0.30%
-0.25%
-0.05%
-1.36%
-1.55%
0.46%
1.02%
-0.15%
0.62%
0.36%
0.61%
-0.04%
-1.63%
-0.69%
-0.75%
1.09%
0.98%
0.46%
0.10%
1.04%
0.67%
-0.43%
0.26%
0.07%
-1.56%
-0.50%
0.55%
-2.04%
0.13%
-0.47%
0.51%
1.05%
0.91%
0.47%
0.87%
0.64%
-0.52%
0.28%
1.35%
0.91%
4/1/2011
422.37
4/4/2011
425.8
4/5/2011
426.35
4/6/2011
429.98
4/7/2011
430.33
4/8/2011
431.59
4/11/2011
429.56
4/12/2011
422.16
4/13/2011
423.97
4/14/2011
422.58
4/15/2011
422.72
4/18/2011
415.42
4/19/2011
417.74
4/20/2011
426.48
4/21/2011
429.9
4/22/2011
430.14
4/25/2011
429.13
4/26/2011
429.53
4/27/2011
428.74
4/28/2011
427.63
4/29/2011
429.48
5/2/2011
428.95
5/3/2011
421.59
5/4/2011
417.43
5/5/2011
414.04
5/6/2011
416.25
5/9/2011
415.95
5/10/2011
417.95
5/11/2011
416.22
5/12/2011
411.52
5/13/2011
410.55
5/16/2011
407.75
5/17/2011
406.39
5/18/2011
408.95
5/19/2011
409.42
5/20/2011
408.35
5/23/2011
399.95
5/24/2011
403.62
5/25/2011
402.21
5/26/2011
405.75
5/27/2011
410.85
1.22%
0.81%
0.13%
0.85%
0.08%
0.29%
-0.47%
-1.72%
0.43%
-0.33%
0.03%
-1.73%
0.56%
2.09%
0.80%
0.06%
-0.23%
0.09%
-0.18%
-0.26%
0.43%
-0.12%
-1.72%
-0.99%
-0.81%
0.53%
-0.07%
0.48%
-0.41%
-1.13%
-0.24%
-0.68%
-0.33%
0.63%
0.11%
-0.26%
-2.06%
0.92%
-0.35%
0.88%
1.26%
5/30/2011
411.32
5/31/2011
418.07
6/1/2011
417.52
6/2/2011
416.18
6/3/2011
414.93
6/6/2011
412.2
6/7/2011
414.33
6/8/2011
411.61
6/9/2011
410.97
6/10/2011
406.26
6/13/2011
404.24
6/14/2011
407.33
6/15/2011
404.22
6/16/2011
397.58
6/17/2011
397.1
6/20/2011
394.53
6/21/2011
399.07
6/22/2011
399.61
6/23/2011
395.91
6/24/2011
398.78
6/27/2011
398.76
6/28/2011
402.57
6/29/2011
406.11
6/30/2011
411.06
7/1/2011
414.62
7/4/2011
418.82
7/5/2011
417.38
7/6/2011
415.29
7/7/2011
418.08
7/8/2011
416.18
7/11/2011
408.54
7/12/2011
402.05
7/13/2011
407.79
7/14/2011
406.81
7/15/2011
406.88
7/18/2011
402.9
7/19/2011
405.7
7/20/2011
407.91
7/21/2011
410.67
7/22/2011
413.99
7/25/2011
413.02
0.11%
1.64%
-0.13%
-0.32%
-0.30%
-0.66%
0.52%
-0.66%
-0.16%
-1.15%
-0.50%
0.76%
-0.76%
-1.64%
-0.12%
-0.65%
1.15%
0.14%
-0.93%
0.72%
-0.01%
0.96%
0.88%
1.22%
0.87%
1.01%
-0.34%
-0.50%
0.67%
-0.45%
-1.84%
-1.59%
1.43%
-0.24%
0.02%
-0.98%
0.69%
0.54%
0.68%
0.81%
-0.23%
7/26/2011
415.82
7/27/2011
412.92
7/28/2011
412.17
7/29/2011
409.89
8/1/2011
412.21
8/2/2011
405.45
8/3/2011
398.31
8/4/2011
387.46
8/5/2011
376.5
8/8/2011
357.85
8/9/2011
352.38
8/10/2011
357.06
8/11/2011
360.69
8/12/2011
361.89
8/15/2011
371.22
8/16/2011
369.75
8/17/2011
371.86
8/18/2011
361.25
8/19/2011
355.05
8/22/2011
354.21
8/23/2011
359.98
8/24/2011
357.82
8/25/2011
355.29
8/26/2011
355.47
8/29/2011
365.03
8/30/2011
368.48
8/31/2011
374.86
9/1/2011
376.31
9/2/2011
370.76
9/5/2011
361.32
9/6/2011
361.07
9/7/2011
367.35
9/8/2011
368.8
9/9/2011
361.68
9/12/2011
352.98
9/13/2011
350.57
9/14/2011
349.02
9/15/2011
353.12
9/16/2011
356.32
9/19/2011
346.87
9/20/2011
347.13
0.68%
-0.70%
-0.18%
-0.55%
0.57%
-1.64%
-1.76%
-2.72%
-2.83%
-4.95%
-1.53%
1.33%
1.02%
0.33%
2.58%
-0.40%
0.57%
-2.85%
-1.72%
-0.24%
1.63%
-0.60%
-0.71%
0.05%
2.69%
0.95%
1.73%
0.39%
-1.47%
-2.55%
-0.07%
1.74%
0.39%
-1.93%
-2.41%
-0.68%
-0.44%
1.17%
0.91%
-2.65%
0.07%
9/21/2011
342.23
9/22/2011
320.65
9/23/2011
315.29
9/26/2011
312.09
9/27/2011
325.49
9/28/2011
324.33
9/29/2011
323.96
9/30/2011
318.73
10/3/2011
307.41
10/4/2011
301.76
10/5/2011
304.82
10/6/2011
314.33
10/7/2011
319.95
10/10/2011
325.53
10/11/2011
329.36
10/12/2011
334.87
10/13/2011
337.13
10/14/2011
339.18
10/17/2011
339.92
10/18/2011
334.33
10/19/2011
336.36
10/20/2011
328.35
10/21/2011
332.18
10/24/2011
341.54
10/25/2011
343.49
10/26/2011
345.8
10/27/2011
357.74
10/28/2011
363.51
10/31/2011
358.27
11/1/2011
347.7
11/2/2011
351.83
11/3/2011
352.02
11/4/2011
355.39
11/7/2011
356.17
11/8/2011
357.27
11/9/2011
352.07
11/10/2011
345.47
11/11/2011
350.28
11/14/2011
351.11
11/15/2011
348.66
11/16/2011
346.35
-1.41%
-6.31%
-1.67%
-1.01%
4.29%
-0.36%
-0.11%
-1.61%
-3.55%
-1.84%
1.01%
3.12%
1.79%
1.74%
1.18%
1.67%
0.67%
0.61%
0.22%
-1.64%
0.61%
-2.38%
1.17%
2.82%
0.57%
0.67%
3.45%
1.61%
-1.44%
-2.95%
1.19%
0.05%
0.96%
0.22%
0.31%
-1.46%
-1.87%
1.39%
0.24%
-0.70%
-0.66%
11/17/2011
342.48
11/18/2011
336.9
11/21/2011
327.28
11/22/2011
326.77
11/23/2011
318.62
11/24/2011
319.63
11/25/2011
316.22
11/28/2011
324.38
11/29/2011
325.49
11/30/2011
333.11
12/1/2011
342.26
12/2/2011
343.5
12/5/2011
345.2
12/6/2011
340.66
12/7/2011
342.08
12/8/2011
337.79
12/9/2011
334.7
12/12/2011
329.97
12/13/2011
328.01
12/14/2011
323.27
12/15/2011
321.76
12/16/2011
323.74
12/19/2011
319.63
12/20/2011
323.62
12/21/2011
327.32
12/22/2011
329.09
12/23/2011
331.66
12/26/2011
332.1
12/27/2011
331.35
12/28/2011
327.37
12/29/2011
327.67
12/30/2011
328.71
1/2/2012
328.69
1/3/2012
336.25
1/4/2012
335.77
1/5/2012
334.34
1/6/2012
333.27
1/9/2012
335.14
1/10/2012
341.84
1/11/2012
342.3
1/12/2012
343.81
-1.12%
-1.63%
-2.86%
-0.16%
-2.49%
0.32%
-1.07%
2.58%
0.34%
2.34%
2.75%
0.36%
0.49%
-1.32%
0.42%
-1.25%
-0.91%
-1.41%
-0.59%
-1.45%
-0.47%
0.62%
-1.27%
1.25%
1.14%
0.54%
0.78%
0.13%
-0.23%
-1.20%
0.09%
0.32%
-0.01%
2.30%
-0.14%
-0.43%
-0.32%
0.56%
2.00%
0.13%
0.44%
1/13/2012
342.7
1/16/2012
343.24
1/17/2012
349.99
1/18/2012
353.15
1/19/2012
356.27
1/20/2012
356.46
1/23/2012
358.38
1/24/2012
357.58
1/25/2012
358.19
1/26/2012
364.06
1/27/2012
365.02
1/30/2012
362.14
1/31/2012
366.95
2/1/2012
371.62
2/2/2012
376.43
2/3/2012
379.21
2/6/2012
378.8
2/7/2012
378.77
2/8/2012
383.24
2/9/2012
383.72
2/10/2012
377.61
2/13/2012
381.62
2/14/2012
379.28
2/15/2012
383.22
2/16/2012
380.97
2/17/2012
384.76
2/20/2012
386.66
2/21/2012
385.57
2/22/2012
385.74
2/23/2012
384.78
2/24/2012
387.36
2/27/2012
383.91
2/28/2012
388.23
2/29/2012
391.44
3/1/2012
390.65
3/2/2012
391.94
3/5/2012
386.76
3/6/2012
377.4
3/7/2012
376.95
3/8/2012
382.23
3/9/2012
384.67
-0.32%
0.16%
1.97%
0.90%
0.88%
0.05%
0.54%
-0.22%
0.17%
1.64%
0.26%
-0.79%
1.33%
1.27%
1.29%
0.74%
-0.11%
-0.01%
1.18%
0.13%
-1.59%
1.06%
-0.61%
1.04%
-0.59%
0.99%
0.49%
-0.28%
0.04%
-0.25%
0.67%
-0.89%
1.13%
0.83%
-0.20%
0.33%
-1.32%
-2.42%
-0.12%
1.40%
0.64%
3/12/2012
381.56
3/13/2012
387.1
3/14/2012
386.61
3/15/2012
386.2
3/16/2012
385.72
3/19/2012
384.24
3/20/2012
380.16
3/21/2012
380.16
3/22/2012
377.11
3/23/2012
377.99
3/26/2012
379.71
3/27/2012
382.63
3/28/2012
378.36
3/29/2012
374
3/30/2012
377.68
4/2/2012
379.27
4/3/2012
380.8
4/4/2012
374.89
4/5/2012
374.42
4/6/2012
374.53
4/9/2012
371.51
4/10/2012
367.75
4/11/2012
367.9
4/12/2012
372.07
4/13/2012
371.96
4/16/2012
370.01
4/17/2012
370.52
4/18/2012
371.02
4/19/2012
371.06
4/20/2012
371.37
4/23/2012
365.78
4/24/2012
367.2
4/25/2012
367.67
4/26/2012
368.69
4/27/2012
369.75
4/30/2012
371.9
5/1/2012
371.77
5/2/2012
373.19
5/3/2012
371.23
5/4/2012
367.3
5/7/2012
364.38
-0.81%
1.45%
-0.13%
-0.11%
-0.12%
-0.38%
-1.06%
0.00%
-0.80%
0.23%
0.46%
0.77%
-1.12%
-1.15%
0.98%
0.42%
0.40%
-1.55%
-0.13%
0.03%
-0.81%
-1.01%
0.04%
1.13%
-0.03%
-0.52%
0.14%
0.13%
0.01%
0.08%
-1.51%
0.39%
0.13%
0.28%
0.29%
0.58%
-0.03%
0.38%
-0.53%
-1.06%
-0.79%
5/8/2012
360.3
5/9/2012
354.87
5/10/2012
356.18
5/11/2012
353.24
5/14/2012
345.79
5/15/2012
344.28
5/16/2012
337.94
5/17/2012
336.18
5/18/2012
332.42
5/21/2012
334.62
5/22/2012
336.09
5/23/2012
328
5/24/2012
330.19
5/25/2012
330.26
5/28/2012
333.33
5/29/2012
337.32
5/30/2012
331.66
5/31/2012
331.46
6/1/2012
326.18
6/4/2012
323.1
6/5/2012
324.54
6/6/2012
331.69
6/7/2012
334.05
6/8/2012
331.46
6/11/2012
333.85
6/12/2012
333.59
6/13/2012
335.99
6/14/2012
333.61
6/15/2012
338.74
6/18/2012
340.94
6/19/2012
344.9
6/20/2012
346.23
6/21/2012
340.65
6/22/2012
336.48
6/25/2012
332.18
6/26/2012
333.24
6/27/2012
335.75
6/28/2012
332.96
6/29/2012
344
7/2/2012
346.13
7/3/2012
351.61
-1.12%
-1.51%
0.37%
-0.83%
-2.11%
-0.44%
-1.84%
-0.52%
-1.12%
0.66%
0.44%
-2.41%
0.67%
0.02%
0.93%
1.20%
-1.68%
-0.06%
-1.59%
-0.94%
0.45%
2.20%
0.71%
-0.78%
0.72%
-0.08%
0.72%
-0.71%
1.54%
0.65%
1.16%
0.39%
-1.61%
-1.22%
-1.28%
0.32%
0.75%
-0.83%
3.32%
0.62%
1.58%
7/4/2012
351.59
7/5/2012
351.25
7/6/2012
348.12
7/9/2012
345.05
7/10/2012
344.71
7/11/2012
344.09
7/12/2012
338.74
7/13/2012
342.48
7/16/2012
342.31
7/17/2012
344.38
7/18/2012
344.3
7/19/2012
347.41
7/20/2012
345.72
7/23/2012
336.94
7/24/2012
335.73
7/25/2012
335.1
7/26/2012
339.08
7/27/2012
347.09
7/30/2012
348.98
7/31/2012
348.73
8/1/2012
349.63
8/2/2012
346.66
8/3/2012
350.92
8/6/2012
355.34
8/7/2012
355.74
8/8/2012
356.29
8/9/2012
358.56
8/10/2012
358.65
8/13/2012
356.79
8/14/2012
357.67
8/15/2012
356.5
8/16/2012
357.83
8/17/2012
356.77
8/20/2012
356.22
8/21/2012
358.54
8/22/2012
356.93
8/23/2012
358.06
8/24/2012
355.75
8/27/2012
354.49
8/28/2012
352.95
8/29/2012
350.53
-0.01%
-0.10%
-0.89%
-0.88%
-0.10%
-0.18%
-1.55%
1.10%
-0.05%
0.60%
-0.02%
0.90%
-0.49%
-2.54%
-0.36%
-0.19%
1.19%
2.36%
0.54%
-0.07%
0.26%
-0.85%
1.23%
1.26%
0.11%
0.15%
0.64%
0.03%
-0.52%
0.25%
-0.33%
0.37%
-0.30%
-0.15%
0.65%
-0.45%
0.32%
-0.65%
-0.35%
-0.43%
-0.69%
8/30/2012
347.89
8/31/2012
349.22
9/3/2012
351.37
9/4/2012
349.73
9/5/2012
347.98
9/6/2012
352.3
9/7/2012
357.76
9/10/2012
358.56
9/11/2012
359.9
9/12/2012
361.01
9/13/2012
362.68
9/14/2012
373.39
9/17/2012
373.04
9/18/2012
370.89
9/19/2012
371.94
9/20/2012
368.44
9/21/2012
371.4
9/24/2012
370.46
9/25/2012
369.87
9/26/2012
365.5
9/27/2012
368.33
9/28/2012
369.73
10/1/2012
370.83
10/2/2012
371.43
10/3/2012
370.1
10/4/2012
371.59
10/5/2012
372.99
10/8/2012
368.93
10/9/2012
368.04
10/10/2012
367.45
10/11/2012
369.62
10/12/2012
370
10/15/2012
369.77
10/16/2012
372.3
10/17/2012
375.13
10/18/2012
375.78
10/19/2012
373.25
10/22/2012
374.01
10/23/2012
370.28
10/24/2012
370.25
10/25/2012
370.86
-0.75%
0.38%
0.62%
-0.47%
-0.50%
1.24%
1.55%
0.22%
0.37%
0.31%
0.46%
2.95%
-0.09%
-0.58%
0.28%
-0.94%
0.80%
-0.25%
-0.16%
-1.18%
0.77%
0.38%
0.30%
0.16%
-0.36%
0.40%
0.38%
-1.09%
-0.24%
-0.16%
0.59%
0.10%
-0.06%
0.68%
0.76%
0.17%
-0.67%
0.20%
-1.00%
-0.01%
0.16%
10/26/2012
367.89
10/29/2012
367.04
10/30/2012
367.9
10/31/2012
368.33
11/1/2012
370.98
11/2/2012
372.04
11/5/2012
370.88
11/6/2012
372.63
11/7/2012
372.37
11/8/2012
368.5
11/9/2012
367.21
11/12/2012
366.74
11/13/2012
363.94
11/14/2012
362.7
11/15/2012
361.16
11/16/2012
359.68
11/19/2012
362.35
11/20/2012
362.16
11/21/2012
362.59
11/22/2012
364.12
11/23/2012
367.76
11/26/2012
367.93
11/27/2012
367.73
11/28/2012
366.16
11/29/2012
370.42
11/30/2012
372.07
12/3/2012
372.41
12/4/2012
372.25
12/5/2012
375.48
12/6/2012
377.23
12/7/2012
377.82
12/10/2012
379.56
12/11/2012
381.23
12/12/2012
383.81
12/13/2012
383.31
12/14/2012
384.06
12/17/2012
383.39
12/18/2012
385.78
12/19/2012
388.76
12/20/2012
388.47
12/21/2012
385.28
-0.80%
-0.23%
0.23%
0.12%
0.72%
0.29%
-0.31%
0.47%
-0.07%
-1.04%
-0.35%
-0.13%
-0.76%
-0.34%
-0.42%
-0.41%
0.74%
-0.05%
0.12%
0.42%
1.00%
0.05%
-0.05%
-0.43%
1.16%
0.45%
0.09%
-0.04%
0.87%
0.47%
0.16%
0.46%
0.44%
0.68%
-0.13%
0.20%
-0.17%
0.62%
0.77%
-0.07%
-0.82%
12/24/2012
385.49
12/25/2012
386.23
12/26/2012
387.37
12/27/2012
388.31
12/28/2012
390.47
12/31/2012
390.56
1/1/2013
390.84
1/2/2013
398.31
1/3/2013
400.88
1/4/2013
399.73
1/7/2013
399.59
1/8/2013
397.66
1/9/2013
399.52
1/10/2013
400.63
1/11/2013
399.2
1/14/2013
402.35
1/15/2013
400.41
1/16/2013
399.56
1/17/2013
400.24
1/18/2013
403.2
1/21/2013
402.87
1/22/2013
402.79
1/23/2013
402.53
1/24/2013
401.53
1/25/2013
401.18
1/28/2013
399.8
1/29/2013
401.64
1/30/2013
401.15
1/31/2013
401.7
2/1/2013
404.08
2/4/2013
403.3
2/5/2013
401.68
2/6/2013
400.64
2/7/2013
399
2/8/2013
399.05
2/11/2013
398.17
2/12/2013
398.11
2/13/2013
399.27
2/14/2013
399.42
2/15/2013
399.4
2/18/2013
398.9
0.05%
0.19%
0.30%
0.24%
0.56%
0.02%
0.07%
1.91%
0.65%
-0.29%
-0.04%
-0.48%
0.47%
0.28%
-0.36%
0.79%
-0.48%
-0.21%
0.17%
0.74%
-0.08%
-0.02%
-0.06%
-0.25%
-0.09%
-0.34%
0.46%
-0.12%
0.14%
0.59%
-0.19%
-0.40%
-0.26%
-0.41%
0.01%
-0.22%
-0.02%
0.29%
0.04%
-0.01%
-0.13%
2/19/2013
398.53
2/20/2013
398.58
2/21/2013
392.78
2/22/2013
392.96
2/25/2013
393.82
2/26/2013
389.39
2/27/2013
390.98
2/28/2013
393.38
3/1/2013
392.95
3/4/2013
389.13
3/5/2013
392.6
3/6/2013
396.39
3/7/2013
396.75
3/8/2013
400.19
3/11/2013
399.74
3/12/2013
397.54
3/13/2013
393.77
3/14/2013
394.05
3/15/2013
392.44
3/18/2013
388.11
3/19/2013
385.52
3/20/2013
387.07
3/21/2013
385.89
3/22/2013
383.56
3/25/2013
384.93
3/26/2013
386.86
3/27/2013
388.39
3/28/2013
388.78
3/29/2013
389.36
4/1/2013
388.45
4/2/2013
388.12
4/3/2013
386.26
4/4/2013
384.1
4/5/2013
381.96
4/8/2013
382.05
4/9/2013
385.44
4/10/2013
388.66
4/11/2013
389.84
4/12/2013
387.21
4/15/2013
380.36
4/16/2013
382.34
-0.09%
0.01%
-1.46%
0.05%
0.22%
-1.12%
0.41%
0.61%
-0.11%
-0.97%
0.89%
0.97%
0.09%
0.87%
-0.11%
-0.55%
-0.95%
0.07%
-0.41%
-1.10%
-0.67%
0.40%
-0.30%
-0.60%
0.36%
0.50%
0.40%
0.10%
0.15%
-0.23%
-0.08%
-0.48%
-0.56%
-0.56%
0.02%
0.89%
0.84%
0.30%
-0.67%
-1.77%
0.52%
4/17/2013
379.84
4/18/2013
379.74
4/19/2013
384.68
4/22/2013
384.73
4/23/2013
384.54
4/24/2013
387.16
4/25/2013
390.55
4/26/2013
388.81
4/29/2013
391.02
4/30/2013
394.82
5/1/2013
394.23
5/2/2013
394.49
5/3/2013
396.06
5/6/2013
397.77
5/7/2013
400.83
5/8/2013
404.09
5/9/2013
403.68
5/10/2013
401.61
5/13/2013
398.32
5/14/2013
399.17
5/15/2013
399.75
5/16/2013
399.55
5/17/2013
399.53
5/20/2013
400.67
5/21/2013
400.45
5/22/2013
400.32
5/23/2013
392.71
5/24/2013
393.01
5/27/2013
393.5
5/28/2013
394.84
5/29/2013
390.43
5/30/2013
388.19
5/31/2013
385.4
6/3/2013
381.17
6/4/2013
383.39
6/5/2013
378.8
6/6/2013
376.12
6/7/2013
376.27
6/10/2013
373.34
6/11/2013
365.87
6/12/2013
366.31
-0.65%
-0.03%
1.30%
0.01%
-0.05%
0.68%
0.88%
-0.45%
0.57%
0.97%
-0.15%
0.07%
0.40%
0.43%
0.77%
0.81%
-0.10%
-0.51%
-0.82%
0.21%
0.15%
-0.05%
-0.01%
0.29%
-0.05%
-0.03%
-1.90%
0.08%
0.12%
0.34%
-1.12%
-0.57%
-0.72%
-1.10%
0.58%
-1.20%
-0.71%
0.04%
-0.78%
-2.00%
0.12%
6/13/2013
362.98
6/14/2013
366.48
6/17/2013
368.43
6/18/2013
366.57
6/19/2013
364.34
6/20/2013
349.83
6/21/2013
347.32
6/24/2013
340.58
6/25/2013
342.1
6/26/2013
348.74
6/27/2013
354.03
6/28/2013
360.94
7/1/2013
361.86
7/2/2013
358.04
7/3/2013
351.13
7/4/2013
354.53
7/5/2013
353.28
7/8/2013
349.64
7/9/2013
351.4
7/10/2013
352.24
7/11/2013
361.02
7/12/2013
362.55
7/15/2013
365.73
7/16/2013
366.62
7/17/2013
368.7
7/18/2013
369.1
7/19/2013
366.39
7/22/2013
367.81
7/23/2013
373.02
7/24/2013
371.67
7/25/2013
370.53
7/26/2013
369.85
7/29/2013
366.77
7/30/2013
366.11
7/31/2013
363.95
8/1/2013
367.02
8/2/2013
367.49
8/5/2013
367.8
8/6/2013
364.1
8/7/2013
361.96
8/8/2013
365.36
-0.91%
0.96%
0.53%
-0.50%
-0.61%
-3.98%
-0.72%
-1.94%
0.45%
1.94%
1.52%
1.95%
0.25%
-1.06%
-1.93%
0.97%
-0.35%
-1.03%
0.50%
0.24%
2.49%
0.42%
0.88%
0.24%
0.57%
0.11%
-0.73%
0.39%
1.42%
-0.36%
-0.31%
-0.18%
-0.83%
-0.18%
-0.59%
0.84%
0.13%
0.08%
-1.01%
-0.59%
0.94%
8/9/2013
367.49
8/12/2013
370.03
8/13/2013
372.4
8/14/2013
372.91
8/15/2013
369.61
8/16/2013
368.52
8/19/2013
363.05
8/20/2013
358.55
8/21/2013
355.65
8/22/2013
355.51
8/23/2013
358.95
8/26/2013
358.17
8/27/2013
350.31
8/28/2013
347.8
8/29/2013
351.45
8/30/2013
354.17
9/2/2013
357.74
9/3/2013
355.84
9/4/2013
357.46
9/5/2013
361.47
9/6/2013
364.64
9/9/2013
371.01
9/10/2013
377.47
9/11/2013
377.97
9/12/2013
377.53
9/13/2013
376.44
9/16/2013
381.77
9/17/2013
382.42
9/18/2013
382.26
9/19/2013
391.66
9/20/2013
387.6
9/23/2013
387.83
9/24/2013
385.76
9/25/2013
385.51
9/26/2013
383.61
9/27/2013
382.14
9/30/2013
377.97
10/1/2013
381.64
10/2/2013
382.38
10/3/2013
385.44
10/4/2013
386.78
0.58%
0.69%
0.64%
0.14%
-0.88%
-0.29%
-1.48%
-1.24%
-0.81%
-0.04%
0.97%
-0.22%
-2.19%
-0.72%
1.05%
0.77%
1.01%
-0.53%
0.46%
1.12%
0.88%
1.75%
1.74%
0.13%
-0.12%
-0.29%
1.42%
0.17%
-0.04%
2.46%
-1.04%
0.06%
-0.53%
-0.06%
-0.49%
-0.38%
-1.09%
0.97%
0.19%
0.80%
0.35%
10/7/2013
385.53
10/8/2013
386.42
10/9/2013
385.14
10/10/2013
389.06
10/11/2013
392.01
10/14/2013
391.68
10/15/2013
393.37
10/16/2013
394.24
10/17/2013
395.42
10/18/2013
398.93
10/21/2013
399.08
10/22/2013
399.85
10/23/2013
395.76
10/24/2013
395.08
10/25/2013
393.94
10/28/2013
395.45
10/29/2013
396.46
10/30/2013
398.48
10/31/2013
396.16
11/1/2013
393.13
11/4/2013
393.38
11/5/2013
389.4
11/6/2013
388.93
11/7/2013
386.41
11/8/2013
381.35
11/11/2013
380.71
11/12/2013
379.07
11/13/2013
376.16
11/14/2013
381.08
11/15/2013
384.96
11/18/2013
392.26
11/19/2013
391.08
11/20/2013
389.7
11/21/2013
384.5
11/22/2013
386.07
11/25/2013
386.3
11/26/2013
384.01
11/27/2013
385.46
11/28/2013
386.26
11/29/2013
388.9
12/2/2013
387.57
-0.32%
0.23%
-0.33%
1.02%
0.76%
-0.08%
0.43%
0.22%
0.30%
0.89%
0.04%
0.19%
-1.02%
-0.17%
-0.29%
0.38%
0.26%
0.51%
-0.58%
-0.76%
0.06%
-1.01%
-0.12%
-0.65%
-1.31%
-0.17%
-0.43%
-0.77%
1.31%
1.02%
1.90%
-0.30%
-0.35%
-1.33%
0.41%
0.06%
-0.59%
0.38%
0.21%
0.68%
-0.34%
12/3/2013
384.18
12/4/2013
382.32
12/5/2013
383.54
12/6/2013
385.22
12/9/2013
388.29
12/10/2013
388.53
12/11/2013
384.47
12/12/2013
380.21
12/13/2013
380.32
12/16/2013
380.09
12/17/2013
379.88
12/18/2013
380.96
12/19/2013
380.27
12/20/2013
379.35
12/23/2013
380.96
12/24/2013
382.17
12/25/2013
381.96
12/26/2013
381.38
12/27/2013
383
12/30/2013
384.93
12/31/2013
385.62
1/1/2014
385.64
1/2/2014
382.15
1/3/2014
378.92
1/6/2014
376.38
1/7/2014
376.33
1/8/2014
377
1/9/2014
372.95
1/10/2014
376.04
1/13/2014
378.19
1/14/2014
377.61
1/15/2014
378.8
1/16/2014
377.51
1/17/2014
376.63
1/20/2014
376.03
1/21/2014
375.88
1/22/2014
378.03
1/23/2014
373.54
1/24/2014
367.56
1/27/2014
360.8
1/28/2014
361.97
-0.87%
-0.48%
0.32%
0.44%
0.80%
0.06%
-1.04%
-1.11%
0.03%
-0.06%
-0.06%
0.28%
-0.18%
-0.24%
0.42%
0.32%
-0.05%
-0.15%
0.42%
0.50%
0.18%
0.01%
-0.90%
-0.85%
-0.67%
-0.01%
0.18%
-1.07%
0.83%
0.57%
-0.15%
0.32%
-0.34%
-0.23%
-0.16%
-0.04%
0.57%
-1.19%
-1.60%
-1.84%
0.32%
1/29/2014
361.25
1/30/2014
361.1
1/31/2014
361.08
2/3/2014
358.1
2/4/2014
355.97
2/5/2014
354.85
2/6/2014
360.03
2/7/2014
362.81
2/10/2014
362.32
2/11/2014
365.85
2/12/2014
368.86
2/13/2014
366.57
2/14/2014
370.54
2/17/2014
373.15
2/18/2014
371.69
2/19/2014
372
2/20/2014
369.49
2/21/2014
371.81
2/24/2014
372.03
2/25/2014
369.92
2/26/2014
369.61
2/27/2014
372.54
2/28/2014
373.61
3/3/2014
367.65
3/4/2014
371.33
3/5/2014
372.22
3/6/2014
376.93
3/7/2014
374.94
3/10/2014
371.19
3/11/2014
371.04
3/12/2014
367.84
3/13/2014
366.79
3/14/2014
364.85
3/17/2014
366.77
3/18/2014
370.62
3/19/2014
370.01
3/20/2014
366.66
3/21/2014
368.02
3/24/2014
370.92
3/25/2014
372.93
3/26/2014
375.56
-0.20%
-0.04%
-0.01%
-0.83%
-0.59%
-0.31%
1.46%
0.77%
-0.14%
0.97%
0.82%
-0.62%
1.08%
0.70%
-0.39%
0.08%
-0.67%
0.63%
0.06%
-0.57%
-0.08%
0.79%
0.29%
-1.60%
1.00%
0.24%
1.27%
-0.53%
-1.00%
-0.04%
-0.86%
-0.29%
-0.53%
0.53%
1.05%
-0.16%
-0.91%
0.37%
0.79%
0.54%
0.71%
3/27/2014
377.1
3/28/2014
380.97
3/31/2014
384.94
4/1/2014
387.64
4/2/2014
389.32
4/3/2014
387.42
4/4/2014
387.7
4/7/2014
387.86
4/8/2014
390.99
4/9/2014
392.17
4/10/2014
394.35
4/11/2014
391.47
4/14/2014
390.14
4/15/2014
385.77
4/16/2014
386.84
4/17/2014
389.99
4/18/2014
390.51
4/21/2014
390.65
4/22/2014
389.83
4/23/2014
387.94
4/24/2014
388.09
4/25/2014
384.19
4/28/2014
383.23
4/29/2014
386.35
4/30/2014
384.77
5/1/2014
385.33
5/2/2014
388.59
5/5/2014
387.92
5/6/2014
388.97
5/7/2014
388.97
5/8/2014
390.09
5/9/2014
389.64
5/12/2014
393.4
5/13/2014
395.28
5/14/2014
398.6
5/15/2014
397.28
5/16/2014
398.4
5/19/2014
400.28
5/20/2014
398.41
5/21/2014
399.62
5/22/2014
403.52
0.41%
1.03%
1.04%
0.70%
0.43%
-0.49%
0.07%
0.04%
0.81%
0.30%
0.56%
-0.73%
-0.34%
-1.12%
0.28%
0.81%
0.13%
0.04%
-0.21%
-0.48%
0.04%
-1.00%
-0.25%
0.81%
-0.41%
0.15%
0.85%
-0.17%
0.27%
0.00%
0.29%
-0.12%
0.96%
0.48%
0.84%
-0.33%
0.28%
0.47%
-0.47%
0.30%
0.98%
5/23/2014
404.87
5/26/2014
404.64
5/27/2014
401.54
5/28/2014
403.02
5/29/2014
403.27
5/30/2014
399.92
6/2/2014
400.92
6/3/2014
403.12
6/4/2014
401.47
6/5/2014
403.74
6/6/2014
408.39
6/9/2014
410.67
6/10/2014
413.23
6/11/2014
412.75
6/12/2014
412.96
6/13/2014
411.31
6/16/2014
410.58
6/17/2014
409.54
6/18/2014
410.13
6/19/2014
412.36
6/20/2014
410.76
6/23/2014
409.85
6/24/2014
412.22
6/25/2014
410.48
6/26/2014
411.97
6/27/2014
412.21
6/30/2014
414.27
7/1/2014
414.84
7/2/2014
417.92
7/3/2014
419.24
7/4/2014
420.07
7/7/2014
420.7
7/8/2014
420.3
7/9/2014
419.22
7/10/2014
419.82
7/11/2014
418.86
7/14/2014
421.3
7/15/2014
422.42
7/16/2014
423.45
7/17/2014
421.2
7/18/2014
421.71
0.33%
-0.06%
-0.77%
0.37%
0.06%
-0.83%
0.25%
0.55%
-0.41%
0.57%
1.15%
0.56%
0.62%
-0.12%
0.05%
-0.40%
-0.18%
-0.25%
0.14%
0.54%
-0.39%
-0.22%
0.58%
-0.42%
0.36%
0.06%
0.50%
0.14%
0.74%
0.32%
0.20%
0.15%
-0.10%
-0.26%
0.14%
-0.23%
0.58%
0.27%
0.24%
-0.53%
0.12%
7/21/2014
422.13
7/22/2014
426.47
7/23/2014
428.03
7/24/2014
429.83
7/25/2014
428.98
7/28/2014
428.64
7/29/2014
427.79
7/30/2014
426.44
7/31/2014
421.76
8/1/2014
419.96
8/4/2014
423.62
8/5/2014
421.29
8/6/2014
419.01
8/7/2014
417.06
8/8/2014
415.7
8/11/2014
421.95
8/12/2014
422.98
8/13/2014
425.27
8/14/2014
425.7
8/15/2014
426.49
8/18/2014
428.09
8/19/2014
430.91
8/20/2014
431.26
8/21/2014
431.03
8/22/2014
430.79
8/25/2014
432.2
8/26/2014
432.74
8/27/2014
435.02
8/28/2014
432.22
8/29/2014
432.83
9/1/2014
434.12
9/2/2014
434.24
9/3/2014
440.41
9/4/2014
439.88
9/5/2014
439.58
9/8/2014
439.08
9/9/2014
435.54
9/10/2014
430.48
9/11/2014
429.29
9/12/2014
425.72
9/15/2014
423.39
0.10%
1.03%
0.37%
0.42%
-0.20%
-0.08%
-0.20%
-0.32%
-1.10%
-0.43%
0.87%
-0.55%
-0.54%
-0.47%
-0.33%
1.50%
0.24%
0.54%
0.10%
0.19%
0.38%
0.66%
0.08%
-0.05%
-0.06%
0.33%
0.12%
0.53%
-0.64%
0.14%
0.30%
0.03%
1.42%
-0.12%
-0.07%
-0.11%
-0.81%
-1.16%
-0.28%
-0.83%
-0.55%
9/16/2014
422.15
9/17/2014
424.96
9/18/2014
424.08
9/19/2014
423.22
9/22/2014
417.52
9/23/2014
414.75
9/24/2014
415.85
9/25/2014
411.44
9/26/2014
411.04
9/29/2014
405.39
9/30/2014
404.07
10/1/2014
401.7
10/2/2014
400.7
10/3/2014
402.56
10/6/2014
408.41
10/7/2014
408.05
10/8/2014
404.34
10/9/2014
408.02
10/10/2014
400.48
10/13/2014
400.32
10/14/2014
400.01
10/15/2014
396.23
10/16/2014
391.25
10/17/2014
394.94
10/20/2014
396.01
10/21/2014
397.06
10/22/2014
398.5
10/23/2014
396.95
10/24/2014
398.11
10/27/2014
394.14
10/28/2014
400.88
10/29/2014
404.53
10/30/2014
406.35
10/31/2014
410.41
11/3/2014
408.98
11/4/2014
408.78
11/5/2014
405.61
11/6/2014
402.19
11/7/2014
401.38
11/10/2014
404.65
11/11/2014
403.59
-0.29%
0.67%
-0.21%
-0.20%
-1.35%
-0.66%
0.27%
-1.06%
-0.10%
-1.37%
-0.33%
-0.59%
-0.25%
0.46%
1.45%
-0.09%
-0.91%
0.91%
-1.85%
-0.04%
-0.08%
-0.94%
-1.26%
0.94%
0.27%
0.27%
0.36%
-0.39%
0.29%
-1.00%
1.71%
0.91%
0.45%
1.00%
-0.35%
-0.05%
-0.78%
-0.84%
-0.20%
0.81%
-0.26%
11/12/2014
404.67
11/13/2014
403.4
11/14/2014
403.62
11/17/2014
400.91
11/18/2014
401.66
11/19/2014
402.32
11/20/2014
403.14
11/21/2014
408.99
11/24/2014
411.07
11/25/2014
410.12
11/26/2014
411.08
11/27/2014
410.39
11/28/2014
407.54
12/1/2014
399.63
12/2/2014
399.24
12/3/2014
400.43
12/4/2014
400.46
12/5/2014
399.86
12/8/2014
395.74
12/9/2014
390.36
12/10/2014
388.21
12/11/2014
383.87
12/12/2014
380.76
12/15/2014
373.95
12/16/2014
367.07
12/17/2014
370.99
12/18/2014
379
12/19/2014
382.09
12/22/2014
386.61
12/23/2014
384.53
12/24/2014
384.29
12/25/2014
384.12
12/26/2014
384.92
12/29/2014
387.72
12/30/2014
386.92
12/31/2014
387.99
1/1/2015
388.07
1/2/2015
387.24
1/5/2015
382.53
1/6/2015
380.03
1/7/2015
382.75
0.27%
-0.31%
0.05%
-0.67%
0.19%
0.16%
0.20%
1.45%
0.51%
-0.23%
0.23%
-0.17%
-0.69%
-1.94%
-0.10%
0.30%
0.01%
-0.15%
-1.03%
-1.36%
-0.55%
-1.12%
-0.81%
-1.79%
-1.84%
1.07%
2.16%
0.82%
1.18%
-0.54%
-0.06%
-0.04%
0.21%
0.73%
-0.21%
0.28%
0.02%
-0.21%
-1.22%
-0.65%
0.72%
1/8/2015
389.39
1/9/2015
389.68
1/12/2015
386.98
1/13/2015
388.57
1/14/2015
386.93
1/15/2015
388.56
1/16/2015
387.95
1/19/2015
385.49
1/20/2015
387.85
1/21/2015
394.94
1/22/2015
398.58
1/23/2015
401.08
1/26/2015
400.07
1/27/2015
400.42
1/28/2015
398.36
1/29/2015
394.05
1/30/2015
389.47
2/2/2015
390.69
2/3/2015
395.59
2/4/2015
396.13
2/5/2015
397.23
2/6/2015
395.1
2/9/2015
392.87
2/10/2015
390.99
2/11/2015
388.97
2/12/2015
393.78
2/13/2015
399.35
2/16/2015
398.47
2/17/2015
397.85
2/18/2015
398.79
2/19/2015
398.91
2/20/2015
398.62
2/23/2015
398.08
2/24/2015
399.85
2/25/2015
400.7
2/26/2015
401.29
2/27/2015
400.41
3/2/2015
399.8
3/3/2015
398.41
3/4/2015
394.58
3/5/2015
394.68
1.73%
0.07%
-0.69%
0.41%
-0.42%
0.42%
-0.16%
-0.63%
0.61%
1.83%
0.92%
0.63%
-0.25%
0.09%
-0.51%
-1.08%
-1.16%
0.31%
1.25%
0.14%
0.28%
-0.54%
-0.56%
-0.48%
-0.52%
1.24%
1.41%
-0.22%
-0.16%
0.24%
0.03%
-0.07%
-0.14%
0.44%
0.21%
0.15%
-0.22%
-0.15%
-0.35%
-0.96%
0.03%
3/6/2015
392.41
3/9/2015
388.47
3/10/2015
382.75
3/11/2015
382.13
3/12/2015
385.1
3/13/2015
380.85
3/16/2015
381.28
3/17/2015
383.34
3/18/2015
386.66
3/19/2015
389.36
3/20/2015
391.8
3/23/2015
394.14
3/24/2015
394.8
3/25/2015
393.52
3/26/2015
388.97
3/27/2015
387.36
3/30/2015
392.1
3/31/2015
394.25
4/1/2015
398.35
4/2/2015
402.42
4/3/2015
402.58
4/6/2015
406.98
4/7/2015
407.56
4/8/2015
414.65
4/9/2015
418.29
4/10/2015
419.72
4/13/2015
423.15
4/14/2015
420.64
4/15/2015
420.42
4/16/2015
425.66
4/17/2015
421.23
4/20/2015
416.63
4/21/2015
420.39
4/22/2015
422.8
4/23/2015
424.81
4/24/2015
427.66
4/27/2015
430.12
4/28/2015
431.21
4/29/2015
428.38
4/30/2015
424.11
5/1/2015
423.42
-0.58%
-1.00%
-1.47%
-0.16%
0.78%
-1.10%
0.11%
0.54%
0.87%
0.70%
0.63%
0.60%
0.17%
-0.32%
-1.16%
-0.41%
1.22%
0.55%
1.04%
1.02%
0.04%
1.09%
0.14%
1.74%
0.88%
0.34%
0.82%
-0.59%
-0.05%
1.25%
-1.04%
-1.09%
0.90%
0.57%
0.48%
0.67%
0.58%
0.25%
-0.66%
-1.00%
-0.16%
5/4/2015
424.9
5/5/2015
424.24
5/6/2015
421.22
5/7/2015
415.13
5/8/2015
420.51
5/11/2015
421.05
5/12/2015
418.09
5/13/2015
420.66
5/14/2015
421.58
5/15/2015
425.23
5/18/2015
424.54
5/19/2015
424.83
5/20/2015
422.84
5/21/2015
422.37
5/22/2015
423.79
5/25/2015
422.85
5/26/2015
420.07
5/27/2015
418.85
5/28/2015
414.41
5/29/2015
412.83
6/1/2015
413.71
6/2/2015
413.05
6/3/2015
411.25
6/4/2015
408.14
6/5/2015
405.76
6/8/2015
403.69
6/9/2015
400.43
6/10/2015
404.01
6/11/2015
403.39
6/12/2015
405.27
6/15/2015
401.71
6/16/2015
399.99
6/17/2015
401.76
6/18/2015
405.2
6/19/2015
403.65
6/22/2015
408.31
6/23/2015
409.63
6/24/2015
410.52
6/25/2015
409.04
6/26/2015
405.56
6/29/2015
397.32
0.35%
-0.16%
-0.71%
-1.45%
1.30%
0.13%
-0.70%
0.61%
0.22%
0.87%
-0.16%
0.07%
-0.47%
-0.11%
0.34%
-0.22%
-0.66%
-0.29%
-1.06%
-0.38%
0.21%
-0.16%
-0.44%
-0.76%
-0.58%
-0.51%
-0.81%
0.89%
-0.15%
0.47%
-0.88%
-0.43%
0.44%
0.86%
-0.38%
1.15%
0.32%
0.22%
-0.36%
-0.85%
-2.03%
6/30/2015
402.73
7/1/2015
402.3
7/2/2015
402.15
7/3/2015
399.02
7/6/2015
390.65
7/7/2015
384.54
7/8/2015
373.61
7/9/2015
381.2
7/10/2015
387.03
7/13/2015
391.58
7/14/2015
391.86
7/15/2015
390.1
7/16/2015
392.19
7/17/2015
392.76
7/20/2015
390.64
7/21/2015
391.94
7/22/2015
387.84
7/23/2015
385.45
7/24/2015
380.06
7/27/2015
370.72
7/28/2015
369.56
7/29/2015
373.24
7/30/2015
371.72
7/31/2015
374.56
8/3/2015
370.27
8/4/2015
371.03
8/5/2015
371.61
8/6/2015
369.22
8/7/2015
369.6
8/10/2015
371.29
8/11/2015
367.05
8/12/2015
359.6
8/13/2015
360.46
8/14/2015
360.7
8/17/2015
357.59
8/18/2015
354.12
8/19/2015
350.64
8/20/2015
345.92
8/21/2015
338.5
8/24/2015
319.74
8/25/2015
326.59
1.36%
-0.11%
-0.04%
-0.78%
-2.10%
-1.56%
-2.84%
2.03%
1.53%
1.18%
0.07%
-0.45%
0.54%
0.15%
-0.54%
0.33%
-1.05%
-0.62%
-1.40%
-2.46%
-0.31%
1.00%
-0.41%
0.76%
-1.15%
0.21%
0.16%
-0.64%
0.10%
0.46%
-1.14%
-2.03%
0.24%
0.07%
-0.86%
-0.97%
-0.98%
-1.35%
-2.15%
-5.54%
2.14%
8/26/2015
325.26
8/27/2015
337.22
8/28/2015
339.09
8/31/2015
338.46
9/1/2015
330.98
9/2/2015
329.44
9/3/2015
332.38
9/4/2015
326.85
9/7/2015
323.28
9/8/2015
328.75
9/9/2015
335.55
9/10/2015
333.12
9/11/2015
332.93
9/14/2015
334.93
9/15/2015
334.69
9/16/2015
340.67
9/17/2015
341.91
9/18/2015
342.12
9/21/2015
337.75
9/22/2015
333.75
9/23/2015
327.95
9/24/2015
325.44
9/25/2015
327.27
9/28/2015
323.63
9/29/2015
321.64
9/30/2015
327.47
10/1/2015
328.96
10/2/2015
333.53
10/5/2015
340.88
10/6/2015
343.01
10/7/2015
351.32
10/8/2015
349.68
10/9/2015
354.64
10/12/2015
356.9
10/13/2015
352.47
10/14/2015
350.4
10/15/2015
356.35
10/16/2015
357.16
10/19/2015
357.6
10/20/2015
356.89
10/21/2015
353.96
-0.41%
3.68%
0.55%
-0.19%
-2.21%
-0.47%
0.89%
-1.66%
-1.09%
1.69%
2.07%
-0.72%
-0.06%
0.60%
-0.07%
1.79%
0.36%
0.06%
-1.28%
-1.18%
-1.74%
-0.77%
0.56%
-1.11%
-0.61%
1.81%
0.46%
1.39%
2.20%
0.62%
2.42%
-0.47%
1.42%
0.64%
-1.24%
-0.59%
1.70%
0.23%
0.12%
-0.20%
-0.82%
10/22/2015
354.67
10/23/2015
358.62
10/26/2015
359.02
10/27/2015
357.42
10/28/2015
356.72
10/29/2015
351.27
10/30/2015
352.32
11/2/2015
353.05
11/3/2015
356.85
11/4/2015
360.19
11/5/2015
358.82
11/6/2015
354.71
11/9/2015
351.12
11/10/2015
347.55
11/11/2015
347.45
11/12/2015
347.81
11/13/2015
342.58
11/16/2015
341.22
11/17/2015
344.94
11/18/2015
344.38
11/19/2015
349.89
11/20/2015
352.75
11/23/2015
351.79
11/24/2015
350.21
11/25/2015
348.69
11/26/2015
348.98
11/27/2015
344.51
11/30/2015
341.82
12/1/2015
345.57
12/2/2015
345.03
12/3/2015
344.21
12/4/2015
341.65
12/7/2015
340.73
12/8/2015
335.73
12/9/2015
335.03
12/10/2015
332.34
12/11/2015
324.67
12/14/2015
324.34
12/15/2015
328.28
12/16/2015
331.94
12/17/2015
335.98
0.20%
1.11%
0.11%
-0.45%
-0.20%
-1.53%
0.30%
0.21%
1.08%
0.94%
-0.38%
-1.15%
-1.01%
-1.02%
-0.03%
0.10%
-1.50%
-0.40%
1.09%
-0.16%
1.60%
0.82%
-0.27%
-0.45%
-0.43%
0.08%
-1.28%
-0.78%
1.10%
-0.16%
-0.24%
-0.74%
-0.27%
-1.47%
-0.21%
-0.80%
-2.31%
-0.10%
1.21%
1.11%
1.22%
12/18/2015
332.66
12/21/2015
333.29
12/22/2015
334.1
12/23/2015
337.77
12/24/2015
338.15
12/25/2015
338.36
12/28/2015
337.09
12/29/2015
337.4
12/30/2015
334.32
12/31/2015
335.55
-0.99%
0.19%
0.24%
1.10%
0.11%
0.06%
-0.38%
0.09%
-0.91%
0.37%
Values
Row Labels
Average of Adj. Default Sprea Average of Country Risk Premi
Africa
4.24%
6.35%
Asia
2.43%
3.65%
Australia & New Zealand
1.50%
2.25%
Caribbean
3.49%
5.23%
Central and South Americ
3.66%
5.50%
Eastern Europe & Russia
2.93%
4.39%
Middle East
1.61%
2.42%
North America
0.00%
0.00%
Western Europe
1.29%
1.93%
Grand Total
2.74%
4.12%
Country
GDP (in billions)
Angola
138.4
Botswana
15.8
Burkina Faso
12.5
Cameroon
32.1
Cape Verde
1.9
Congo (Democratic Repu
33.1
Congo (Republic of)
14.2
Cte d'Ivoire
34.2
Egypt
286.5
Ethiopia
55.6
Gabon
18.2
Ghana
38.6
Kenya
60.9
Morocco
110
Mozambique
15.9
Namibia
13
Nigeria
568.5
Rwanda
7.9
Senegal
15.7
South Africa
350.6
Tunisia
48.6
Uganda
27
Zambia
27.1
Africa
1926.3
Bangladesh
172.9
Cambodia
16.8
China
10354.8
Fiji
4.5
Hong Kong
290.1
India
2048.5
Indonesia
888.5
Japan
4601.5
Korea
1410.4
Macao
55.5
Malaysia
338.1
Mauritius
12.6
Mongolia
12
Pakistan
243.6
Papua New Guinea
16.9
Philippines
284.8
Moody's rating
Ba2
A2
B3
B2
B2
B3
Ba3
Ba3
B3
B1
Ba3
B3
B1
Ba1
B2
Baa3
Ba3
B1
B1
Baa2
Ba3
B1
B2
Ba3
B2
Aa3
B1
Aa1
Baa3
Baa3
A1
Aa2
Aa2
A3
Baa1
B2
B3
B1
Baa2
Singapore
Sri Lanka
Taiwan
Thailand
Vietnam
Asia
Australia
Cook Islands
New Zealand
Australia & New Zea
Aruba
Bahamas
Barbados
Bermuda
Cayman Islands
Cuba
Curacao
Dominican Republic
Jamaica
Montserrat
St. Maarten
St. Vincent & the Grena
Trinidad and Tobago
Caribbean
Argentina
Belize
Bolivia
Brazil
Chile
Colombia
Costa Rica
Ecuador
El Salvador
Guatemala
Honduras
Mexico
Nicaragua
Panama
Paraguay
Peru
Suriname
307.9
78.8
970.9
404.8
186.2
22700.1
1454.7
1.2
166.1
1622
2.6
8.5
4.4
5.557
3.2
77.2
1
64.1
13.9
1.5
1.5
0.713
28.9
213.07
537.8
1.7
33
2346.1
258.1
377.7
49.6
100.9
25.2
58.8
19.4
1294.7
11.8
46.2
30.9
202.6
5.2
Aaa
B1
Aa3
Baa1
B1
Aaa
B1
Aaa
Baa1
Baa2
B3
A1
Aa3
Caa2
A3
B1
Caa2
Baa3
Baa1
B3
Baa2
Caa1
Caa2
Ba3
Baa3
Aa3
Baa2
Ba1
B3
Ba3
Ba1
B3
A3
B2
Baa2
Ba1
A3
Ba3
0.00%
4.99%
0.67%
1.77%
4.99%
1.11%
0.00%
4.99%
0.00%
0.00%
1.77%
2.11%
7.21%
0.78%
0.67%
9.98%
1.33%
4.99%
9.98%
2.44%
1.77%
7.21%
2.11%
6.40%
8.31%
9.98%
3.99%
2.44%
0.67%
2.11%
2.77%
7.21%
3.99%
2.77%
7.21%
1.33%
6.10%
2.11%
2.77%
1.33%
3.99%
Uruguay
Venezuela
Central and South A
Albania
Armenia
Azerbaijan
Belarus
Bosnia and Herzegovin
Bulgaria
Croatia
Czech Republic
Estonia
Georgia
Hungary
Kazakhstan
Latvia
Lithuania
Macedonia
Moldova
Montenegro
Poland
Romania
Russia
Serbia
Slovakia
Slovenia
Ukraine
Eastern Europe & Ru
Abu Dhabi
Bahrain
Israel
Jordan
Kuwait
Lebanon
Oman
Qatar
Ras Al Khaimah (Emirat
Saudi Arabia
Sharjah
United Arab Emirates
Middle East
57.5
381.3
5838.5
13.2
11.6
75.2
76.1
18.3
56.7
57.1
205.3
26.5
16.5
138.4
217.9
31.3
48.4
11.3
8
4.6
545
199
1860.6
43.9
100.3
49.5
131.8
3946.5
390
33.9
305.7
35.8
163.6
45.7
81.8
210.1
5.2
746.3
1
399.5
2418.6
Baa2
Caa3
B1
Ba3
Baa3
Caa1
B3
Baa2
Ba1
A1
A1
Ba3
Ba1
Baa2
A3
A3
Ba3
B3
Ba3
A2
Baa3
Ba1
B1
A2
Baa3
Caa3
Aa2
Baa3
A1
B1
Aa2
B2
A1
Aa2
A2
Aa3
A3
Aa2
2.11%
11.08%
3.29%
4.99%
3.99%
2.44%
8.31%
7.21%
2.11%
2.77%
0.78%
0.78%
3.99%
2.77%
2.11%
1.33%
1.33%
3.99%
7.21%
3.99%
0.94%
2.44%
2.77%
4.99%
0.94%
2.44%
11.08%
2.71%
0.55%
2.44%
0.78%
4.99%
0.55%
6.10%
0.78%
0.55%
0.94%
0.67%
1.33%
0.55%
0.82%
Canada
United States of Ameri
North America
Andorra (Principality of)
Austria
Belgium
Cyprus
Denmark
Finland
France
Germany
Greece
Guernsey (States of)
Iceland
Ireland
Isle of Man
Italy
Jersey (States of)
Liechtenstein
Luxembourg
Malta
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Western Europe
Region
Africa
Asia
Australia & New Zealand
Caribbean
Central and South America
Eastern Europe & Russia
Middle East
North America
Western Europe
Global
1785.4
17419
19204.4
3.25
436.9
531.2
23.2
342.4
272.2
2829.2
3868.3
235.6
0.5
17
250.8
1.4
2141.2
1
10.5
64.9
9.6
879.3
499.8
230.1
1381.3
571.1
701
798.4
2988.9
19089.05
Weighted Average: TRP
11.97%
7.54%
6.01%
14.92%
10.58%
9.78%
7.15%
6.00%
7.20%
7.50%
Aaa
Aaa
Baa3
Aaa
Aa3
B1
Aaa
Aaa
Aa2
Aaa
Caa3
Aa1
Baa2
Baa1
Aa1
Baa2
Aa1
Aaa
Aaa
A3
Aaa
Aaa
Ba1
Baa2
Aaa
Aaa
Baa3
Aa1
0.00%
0.00%
0.00%
2.44%
0.00%
0.67%
4.99%
0.00%
0.00%
0.55%
0.00%
11.08%
0.44%
2.11%
1.77%
0.44%
2.11%
0.44%
0.00%
0.00%
1.33%
0.00%
0.00%
2.77%
2.11%
0.00%
0.00%
2.44%
0.44%
0.86%
Tax rate
27.85%
30%
27.15%
35.64%
40%
30%
25%
20%
34%
25%
30%
6.00%
12.95%
6.93%
8.47%
12.95%
7.54%
6.00%
12.95%
6.00%
6.01%
8.47%
8.94%
16.05%
7.09%
6.93%
19.91%
7.85%
12.95%
19.91%
9.40%
8.47%
16.05%
8.94%
14.92%
17.58%
19.91%
11.56%
9.40%
6.93%
8.94%
9.86%
16.05%
11.56%
9.86%
16.05%
7.85%
14.50%
8.94%
9.86%
7.85%
11.56%
0.00%
6.95%
0.93%
2.47%
6.95%
1.54%
0.00%
6.95%
0.00%
0.01%
2.47%
2.94%
10.05%
1.09%
0.93%
13.91%
1.85%
6.95%
13.91%
3.40%
2.47%
10.05%
2.94%
8.92%
11.58%
13.91%
5.56%
3.40%
0.93%
2.94%
3.86%
10.05%
5.56%
3.86%
10.05%
1.85%
8.50%
2.94%
3.86%
1.85%
5.56%
17.00%
28.00%
17.00%
20.00%
22.00%
26.90%
30.00%
27.00%
28.00%
29.79%
28.00%
0.00%
25.00%
0.00%
27.92%
27.35%
25.00%
27.00%
25.00%
27.35%
24.50%
26.85%
25.00%
24.90%
35.00%
26.85%
25.00%
34.00%
22.50%
25.00%
30.00%
22.00%
30.00%
25.00%
30.00%
30.00%
26.85%
25.00%
10.00%
28.00%
34.50%
8.94%
21.44%
10.58%
12.95%
11.56%
9.40%
17.58%
16.05%
8.94%
9.86%
7.09%
7.09%
11.56%
9.86%
8.94%
7.85%
7.85%
11.56%
16.05%
11.56%
7.31%
9.40%
9.86%
12.95%
7.31%
9.40%
21.44%
9.78%
6.77%
9.40%
7.09%
12.95%
6.77%
14.50%
7.09%
6.77%
7.31%
6.93%
7.85%
6.77%
7.15%
2.94%
15.44%
4.58%
6.95%
5.56%
3.40%
11.58%
10.05%
2.94%
3.86%
1.09%
1.09%
5.56%
3.86%
2.94%
1.85%
1.85%
5.56%
10.05%
5.56%
1.31%
3.40%
3.86%
6.95%
1.31%
3.40%
15.44%
3.78%
0.77%
3.40%
1.09%
6.95%
0.77%
8.50%
1.09%
0.77%
1.31%
0.93%
1.85%
0.77%
1.15%
25.00%
34.00%
31.19%
15.00%
20.00%
20.12%
18.00%
10.00%
10.00%
20.00%
19.00%
20.00%
15.00%
19.00%
20.00%
15.00%
15.00%
10.00%
12.00%
9.00%
19.00%
16.00%
20.00%
15.00%
22.00%
17.00%
18.00%
19.04%
55.00%
0.00%
26.50%
20.00%
15.00%
15.00%
12.00%
10.00%
0.00%
20.00%
0.00%
55.00%
30.34%
6.00%
6.00%
6.00%
9.40%
6.00%
6.93%
12.95%
6.00%
6.00%
6.77%
6.00%
21.44%
6.61%
8.94%
8.47%
6.61%
8.94%
6.61%
6.00%
6.00%
7.85%
6.00%
6.00%
9.86%
8.94%
6.00%
6.00%
9.40%
6.61%
7.20%
0.00%
0.00%
0.00%
3.40%
0.00%
0.93%
6.95%
0.00%
0.00%
0.77%
0.00%
15.44%
0.61%
2.94%
2.47%
0.61%
2.94%
0.61%
0.00%
0.00%
1.85%
0.00%
0.00%
3.86%
2.94%
0.00%
0.00%
3.40%
0.61%
1.20%
26.50%
40.00%
38.74%
0.00%
25.00%
33.99%
12.50%
23.50%
20.00%
33.33%
29.65%
29.00%
0.00%
20.00%
12.50%
0.00%
31.40%
0.00%
12.50%
29.22%
35.00%
25.00%
27.00%
21.00%
28.00%
22.00%
17.92%
20.00%
20.00%
26.80%
Tax Rate
28.18%
26.90%
29.79%
24.90%
31.19%
19.04%
30.34%
38.74%
26.80%
29.95%
Total GDP
1926.3
22700.1
1622
213.07
5838.5
3946.5
2418.6
19204.4
19089.05
76958.52
Weight
2.50%
29.50%
2.11%
0.28%
7.59%
5.13%
3.14%
24.95%
24.80%
Region
Africa
Africa
Africa
Africa
Africa
Africa
Africa
Africa
Africa
Africa
Africa
Africa
Africa
Africa
Africa
Africa
Africa
Africa
Africa
Africa
Africa
Africa
Africa
Asia
Asia
Asia
Asia
Asia
Asia
Asia
Asia
Asia
Asia
Asia
Asia
Asia
Asia
Asia
Asia
GDP Weight
7.18%
0.82%
0.65%
1.67%
0.10%
1.72%
0.74%
1.78%
14.87%
2.89%
0.94%
2.00%
3.16%
5.71%
0.83%
0.67%
29.51%
0.41%
0.82%
18.20%
2.52%
1.40%
1.41%
100.00%
0.76%
0.07%
45.62%
0.02%
1.28%
9.02%
3.91%
20.27%
6.21%
0.24%
1.49%
0.06%
0.05%
1.07%
0.07%
1.25%
Weigth*Default Spread
0.24%
0.01%
0.05%
0.10%
0.01%
0.12%
0.03%
0.07%
1.07%
0.14%
0.04%
0.14%
0.16%
0.16%
0.05%
0.02%
1.18%
0.02%
0.04%
0.38%
0.10%
0.07%
0.09%
0.03%
0.00%
0.31%
0.00%
0.01%
0.22%
0.10%
0.16%
0.03%
0.00%
0.02%
0.00%
0.00%
0.08%
0.00%
0.03%
Asia
Asia
Asia
Asia
Asia
Australia & New Zea
Australia & New Zea
Australia & New Zea
Caribbean
Caribbean
Caribbean
Caribbean
Caribbean
Caribbean
Caribbean
Caribbean
Caribbean
Caribbean
Caribbean
Caribbean
Caribbean
Central
Central
Central
Central
Central
Central
Central
Central
Central
Central
Central
Central
Central
Central
Central
Central
Central
and
and
and
and
and
and
and
and
and
and
and
and
and
and
and
and
and
South
South
South
South
South
South
South
South
South
South
South
South
South
South
South
South
South
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
1.36%
0.35%
4.28%
1.78%
0.82%
100.00%
89.69%
0.07%
10.24%
0.00%
0.02%
0.03%
0.03%
0.04%
1.22%
3.99%
2.07%
2.61%
1.50%
36.23%
0.47%
30.08%
6.52%
0.70%
0.70%
0.33%
13.56%
0.02%
0.08%
0.15%
0.02%
0.01%
3.62%
0.01%
1.50%
0.65%
0.02%
0.01%
0.02%
0.29%
9.21%
0.03%
0.57%
40.18%
4.42%
6.47%
0.85%
1.73%
0.43%
1.01%
0.33%
22.18%
0.20%
0.79%
0.53%
3.47%
0.09%
0.77%
0.00%
0.02%
0.98%
0.03%
0.14%
0.02%
0.12%
0.02%
0.03%
0.02%
0.29%
0.01%
0.02%
0.01%
0.05%
0.00%
0.00%
0.00%
0.00%
Europe
Europe
Europe
Europe
Europe
Europe
Europe
Europe
Europe
Europe
Europe
Europe
Europe
Europe
Europe
Europe
Europe
Europe
Europe
Europe
Europe
Europe
Europe
Europe
East
East
East
East
East
East
East
East
East
East
East
East
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
Ru
Ru
Ru
Ru
Ru
Ru
Ru
Ru
Ru
Ru
Ru
Ru
Ru
Ru
Ru
Ru
Ru
Ru
Ru
Ru
Ru
Ru
Ru
Ru
0.98%
6.53%
100.00%
0.33%
0.29%
1.91%
1.93%
0.46%
1.44%
1.45%
5.20%
0.67%
0.42%
3.51%
5.52%
0.79%
1.23%
0.29%
0.20%
0.12%
13.81%
5.04%
47.15%
1.11%
2.54%
1.25%
3.34%
100.00%
16.13%
1.40%
12.64%
1.48%
6.76%
1.89%
3.38%
8.69%
0.22%
30.86%
0.04%
16.52%
100.00%
0.02%
0.72%
0.02%
0.01%
0.05%
0.16%
0.03%
0.03%
0.04%
0.04%
0.01%
0.02%
0.10%
0.12%
0.01%
0.02%
0.01%
0.01%
0.00%
0.13%
0.12%
1.31%
0.06%
0.02%
0.03%
0.37%
0.09%
0.03%
0.10%
0.07%
0.04%
0.12%
0.03%
0.05%
0.00%
0.21%
0.00%
0.09%
North America
North America
Western
Western
Western
Western
Western
Western
Western
Western
Western
Western
Western
Western
Western
Western
Western
Western
Western
Western
Western
Western
Western
Western
Western
Western
Western
Western
Europe
Europe
Europe
Europe
Europe
Europe
Europe
Europe
Europe
Europe
Europe
Europe
Europe
Europe
Europe
Europe
Europe
Europe
Europe
Europe
Europe
Europe
Europe
Europe
Europe
Europe
Weight *ERP
9.30%
90.70%
0.00%
0.00%
0.02%
2.29%
2.78%
0.12%
1.79%
1.43%
14.82%
20.26%
1.23%
0.00%
0.09%
1.31%
0.01%
11.22%
0.01%
0.06%
0.34%
0.05%
4.61%
2.62%
1.21%
7.24%
2.99%
3.67%
4.18%
15.66%
100.00%
0.00%
0.00%
0.02%
0.01%
0.00%
0.00%
0.08%
0.00%
0.14%
0.00%
0.00%
0.02%
0.00%
0.24%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.03%
0.15%
0.00%
0.00%
0.10%
0.07%
Weight*CRP
0.30%
2.22%
0.13%
0.04%
0.80%
0.50%
0.22%
1.50%
1.79%
0.15%
0.45%
0.00%
0.02%
0.35%
0.19%
0.04%
0.00%
0.30%
Weight*Default Spread
0.11%
0.33%
0.00%
0.02%
0.25%
0.14%
0.03%
0.00%
0.21%
Weight*ERP
Weight*CRP
0.76%
0.06%
0.10%
0.24%
0.01%
0.28%
0.09%
0.21%
2.39%
0.37%
0.11%
0.32%
0.41%
0.56%
0.12%
0.06%
3.41%
0.05%
0.11%
1.63%
0.29%
0.18%
0.20%
0.33%
0.01%
0.07%
0.14%
0.01%
0.17%
0.04%
0.10%
1.49%
0.20%
0.05%
0.20%
0.22%
0.22%
0.07%
0.02%
1.64%
0.03%
0.06%
0.54%
0.14%
0.10%
0.12%
0.09%
0.01%
3.16%
0.00%
0.08%
0.85%
0.37%
1.44%
0.42%
0.02%
0.12%
0.00%
0.01%
0.17%
0.01%
0.11%
0.04%
0.01%
0.43%
0.00%
0.01%
0.31%
0.13%
0.22%
0.05%
0.00%
0.03%
0.00%
0.00%
0.11%
0.01%
0.04%
0.21%
0.00%
11.40%
0.00%
0.21%
3.12%
0.98%
6.70%
1.50%
0.03%
0.37%
0.01%
0.01%
0.35%
0.02%
0.38%
0.08%
0.04%
0.30%
0.15%
0.11%
0.00%
0.02%
0.04%
0.04%
0.06%
0.23%
0.10%
0.73%
0.36%
0.18%
5.38%
0.01%
0.61%
0.00%
0.01%
0.00%
26.91%
0.02%
2.87%
0.10%
0.36%
0.33%
0.18%
0.10%
7.21%
0.04%
3.90%
1.30%
0.07%
0.06%
0.05%
1.21%
0.03%
0.12%
0.21%
0.03%
0.01%
5.04%
0.01%
2.09%
0.91%
0.02%
0.02%
0.03%
0.40%
8.92%
1.07%
0.00%
0.03%
1.37%
0.04%
0.19%
0.03%
0.17%
0.02%
0.04%
0.03%
0.41%
0.02%
0.02%
0.02%
0.06%
0.00%
0.34%
0.00%
0.52%
0.00%
0.42%
9.91%
0.12%
8.12%
1.63%
0.19%
0.17%
0.09%
3.39%
1.62%
0.01%
0.07%
3.78%
0.31%
0.58%
0.08%
0.28%
0.05%
0.10%
0.05%
1.74%
0.03%
0.07%
0.05%
0.27%
0.01%
3.22%
0.01%
0.14%
13.66%
0.99%
1.62%
0.25%
0.38%
0.13%
0.25%
0.10%
6.65%
0.05%
0.20%
0.05%
0.97%
0.03%
0.09%
1.40%
0.03%
1.01%
0.25%
2.22%
0.04%
0.03%
0.18%
0.34%
0.07%
0.13%
0.14%
0.37%
0.05%
0.05%
0.35%
0.49%
0.06%
0.10%
0.03%
0.03%
0.01%
1.01%
0.47%
4.65%
0.14%
0.19%
0.12%
0.72%
0.02%
0.02%
0.06%
0.22%
0.05%
0.04%
0.06%
0.06%
0.01%
0.02%
0.14%
0.16%
0.01%
0.02%
0.02%
0.02%
0.01%
0.18%
0.17%
1.82%
0.08%
0.03%
0.04%
0.52%
0.05%
0.06%
0.38%
0.35%
0.05%
0.14%
0.29%
0.99%
0.13%
0.06%
0.67%
1.10%
0.12%
0.18%
0.03%
0.02%
0.01%
2.62%
0.81%
9.43%
0.17%
0.56%
0.21%
0.60%
1.09%
0.13%
0.90%
0.19%
0.46%
0.27%
0.24%
0.59%
0.02%
2.14%
0.00%
1.12%
0.12%
0.05%
0.14%
0.10%
0.05%
0.16%
0.04%
0.07%
0.00%
0.29%
0.00%
0.13%
8.87%
0.00%
3.35%
0.30%
1.01%
0.28%
0.41%
0.87%
0.00%
6.17%
0.00%
9.08%
0.56%
5.44%
0.00%
0.00%
2.46%
36.28%
0.00%
0.14%
0.19%
0.02%
0.11%
0.09%
1.00%
1.22%
0.26%
0.00%
0.01%
0.11%
0.00%
1.00%
0.00%
0.00%
0.02%
0.00%
0.28%
0.16%
0.12%
0.65%
0.18%
0.22%
0.39%
1.04%
0.00%
0.00%
0.03%
0.01%
0.00%
0.00%
0.11%
0.00%
0.19%
0.00%
0.00%
0.03%
0.00%
0.33%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.05%
0.21%
0.00%
0.00%
0.14%
0.10%
0.00%
0.57%
0.95%
0.02%
0.42%
0.29%
4.94%
6.01%
0.36%
0.00%
0.02%
0.16%
0.00%
3.52%
0.00%
0.01%
0.10%
0.02%
1.15%
0.71%
0.25%
2.03%
0.66%
0.66%
0.84%
3.13%
Country
AbuDhabi
Albania
Andorra(Principalityof)
Angola
Argentina
Armenia
Aruba
Australia
Austria
Azerbaijan
Bahamas
Bahrain
Bangladesh
Barbados
Belarus
Belgium
Belize
Bermuda
Bolivia
BosniaandHerzegovina
Botswana
Brazil
Bulgaria
BurkinaFaso
Cambodia
Cameroon
Canada
CaymanIslands
CapeVerde
Chile
China
Colombia
Congo(DemocraticRepubli
Congo(Republicof)
CookIslands
CostaRica
Cted'Ivoire
Croatia
Cuba
Curacao
GDP(inbillions)
390
13.2
3.25
138.4
537.8
11.6
2.6
1454.7
436.9
75.2
8.5
33.9
172.9
4.4
76.1
531.2
1.7
5.557
33
18.3
15.8
2346.1
56.7
12.5
16.8
32.1
1785.4
3.2
1.9
258.1
10354.8
377.7
33.1
14.2
1.2
49.6
34.2
57.1
77.2
1
Moody'srating
Aa2
B1
Baa3
Ba2
Caa1
Ba3
Baa1
Aaa
Aaa
Baa3
Baa2
Baa3
Ba3
B3
Caa1
Aa3
Caa2
A1
Ba3
B3
A2
Baa3
Baa2
B3
B2
B2
Aaa
Aa3
B2
Aa3
Aa3
Baa2
B3
Ba3
B1
Ba1
Ba3
Ba1
Caa2
A3
Adj.DefaultSpread
0.55%
4.99%
2.44%
3.33%
8.31%
3.99%
1.77%
0.00%
0.00%
2.44%
2.11%
2.44%
3.99%
7.21%
8.31%
0.67%
9.98%
0.78%
3.99%
7.21%
0.94%
2.44%
2.11%
7.21%
6.10%
6.10%
0.00%
0.67%
6.10%
0.67%
0.67%
2.11%
7.21%
3.99%
4.99%
2.77%
3.99%
2.77%
9.98%
1.33%
Cyprus
CzechRepublic
Denmark
DominicanRepublic
Ecuador
Egypt
ElSalvador
Estonia
Ethiopia
Fiji
Finland
France
Gabon
Georgia
Germany
Ghana
Greece
Guatemala
Guernsey(Statesof)
Honduras
HongKong
Hungary
Iceland
India
Indonesia
Ireland
IsleofMan
Israel
Italy
Jamaica
Japan
Jersey(Statesof)
Jordan
Kazakhstan
Kenya
Korea
Kuwait
Latvia
Lebanon
Liechtenstein
Lithuania
23.2
205.3
342.4
64.1
100.9
286.5
25.2
26.5
55.6
4.5
272.2
2829.2
18.2
16.5
3868.3
38.6
235.6
58.8
0.5
19.4
290.1
138.4
17
2048.5
888.5
250.8
1.4
305.7
2141.2
13.9
4601.5
1
35.8
217.9
60.9
1410.4
163.6
31.3
45.7
10.5
48.4
B1
A1
Aaa
B1
B3
B3
Ba3
A1
B1
B1
Aaa
Aa2
Ba3
Ba3
Aaa
B3
Caa3
Ba1
Aa1
B3
Aa1
Ba1
Baa2
Baa3
Baa3
Baa1
Aa1
A1
Baa2
Caa2
A1
Aa1
B1
Baa2
B1
Aa2
Aa2
A3
B2
Aaa
A3
4.99%
0.78%
0.00%
4.99%
7.21%
7.21%
3.99%
0.78%
4.99%
4.99%
0.00%
0.55%
3.99%
3.99%
0.00%
7.21%
11.08%
2.77%
0.44%
7.21%
0.44%
2.77%
2.11%
2.44%
2.44%
1.77%
0.44%
0.78%
2.11%
9.98%
0.78%
0.44%
4.99%
2.11%
4.99%
0.55%
0.55%
1.33%
6.10%
0.00%
1.33%
Luxembourg
Macao
Macedonia
Malaysia
Malta
Mauritius
Mexico
Moldova
Mongolia
Montenegro
Montserrat
Morocco
Mozambique
Namibia
Netherlands
NewZealand
Nicaragua
Nigeria
Norway
Oman
Pakistan
Panama
PapuaNewGuinea
Paraguay
Peru
Philippines
Poland
Portugal
Qatar
RasAlKhaimah(Emirateo
Romania
Russia
Rwanda
SaudiArabia
Senegal
Serbia
Sharjah
Singapore
Slovakia
Slovenia
SouthAfrica
64.9
55.5
11.3
338.1
9.6
12.6
1294.7
8
12
4.6
1.5
110
15.9
13
879.3
166.1
11.8
568.5
499.8
81.8
243.6
46.2
16.9
30.9
202.6
284.8
545
230.1
210.1
5.2
199
1860.6
7.9
746.3
15.7
43.9
1
307.9
100.3
49.5
350.6
Aaa
Aa2
Ba3
A3
A3
Baa1
A3
B3
B2
Ba3
Baa3
Ba1
B2
Baa3
Aaa
Aaa
B2
Ba3
Aaa
A1
B3
Baa2
B1
Ba1
A3
Baa2
A2
Ba1
Aa2
A2
Baa3
Ba1
B1
Aa3
B1
B1
A3
Aaa
A2
Baa3
Baa2
0.00%
0.55%
3.99%
1.33%
1.33%
1.77%
1.33%
7.21%
6.10%
3.99%
2.44%
2.77%
6.10%
2.44%
0.00%
0.00%
6.10%
3.99%
0.00%
0.78%
7.21%
2.11%
4.99%
2.77%
1.33%
2.11%
0.94%
2.77%
0.55%
0.94%
2.44%
2.77%
4.99%
0.67%
4.99%
4.99%
1.33%
0.00%
0.94%
2.44%
2.11%
Spain
SriLanka
St.Maarten
St.Vincent&theGrenadin
Suriname
Sweden
Switzerland
Taiwan
Thailand
TrinidadandTobago
Tunisia
Turkey
TurksandCaicosIslands
Uganda
Ukraine
UnitedArabEmirates
UnitedKingdom
UnitedStatesofAmerica
Uruguay
Venezuela
Vietnam
Zambia
1381.3
78.8
1.5
0.713
5.2
571.1
701
970.9
404.8
28.9
48.6
798.4
1.5
27
131.8
399.5
2988.9
17419
57.5
381.3
186.2
27.1
Baa2
B1
Baa1
B3
Ba3
Aaa
Aaa
Aa3
Baa1
Baa2
Ba3
Baa3
Baa1
B1
Caa3
Aa2
Aa1
Aaa
Baa2
Caa3
B1
B2
2.11%
4.99%
1.77%
7.21%
3.99%
0.00%
0.00%
0.67%
1.77%
2.11%
3.99%
2.44%
1.77%
4.99%
11.08%
0.55%
0.44%
0.00%
2.11%
11.08%
4.99%
6.10%
12.95%
7.09%
6.00%
12.95%
16.05%
16.05%
11.56%
7.09%
12.95%
12.95%
6.00%
6.77%
11.56%
11.56%
6.00%
16.05%
21.44%
9.86%
6.61%
16.05%
6.61%
9.86%
8.94%
9.40%
9.40%
8.47%
6.61%
7.09%
8.94%
19.91%
7.09%
6.61%
12.95%
8.94%
12.95%
6.77%
6.77%
7.85%
14.50%
6.00%
7.85%
6.95%
1.09%
0.00%
6.95%
10.05%
10.05%
5.56%
1.09%
6.95%
6.95%
0.00%
0.77%
5.56%
5.56%
0.00%
10.05%
15.44%
3.86%
0.61%
10.05%
0.61%
3.86%
2.94%
3.40%
3.40%
2.47%
0.61%
1.09%
2.94%
13.91%
1.09%
0.61%
6.95%
2.94%
6.95%
0.77%
0.77%
1.85%
8.50%
0.00%
1.85%
12.50%
19.00%
23.50%
27.00%
22.00%
22.50%
30.00%
20.00%
27.92%
20.00%
20.00%
33.33%
27.92%
15.00%
29.65%
25.00%
29.00%
25.00%
0.00%
30.00%
16.50%
19.00%
20.00%
34.61%
25.00%
12.50%
0.00%
26.50%
31.40%
25.00%
33.06%
0.00%
20.00%
20.00%
30.00%
24.20%
15.00%
15.00%
15.00%
12.50%
15.00%
Western Europe
Eastern Europe & Russia
Western Europe
Caribbean
Central and South America
Africa
Central and South America
Eastern Europe & Russia
Africa
Asia
Western Europe
Western Europe
Africa
Eastern Europe & Russia
Western Europe
Africa
Western Europe
Central and South America
Western Europe
Central and South America
Asia
Eastern Europe & Russia
Western Europe
Asia
Asia
Western Europe
Western Europe
Middle East
Western Europe
Caribbean
Asia
Western Europe
Middle East
Eastern Europe & Russia
Africa
Asia
Middle East
Eastern Europe & Russia
Middle East
Western Europe
Eastern Europe & Russia
6.00%
6.77%
11.56%
7.85%
7.85%
8.47%
7.85%
16.05%
14.50%
11.56%
9.40%
9.86%
14.50%
9.40%
6.00%
6.00%
14.50%
11.56%
6.00%
7.09%
16.05%
8.94%
12.95%
9.86%
7.85%
8.94%
7.31%
9.86%
6.77%
7.31%
9.40%
9.86%
12.95%
6.93%
12.95%
12.95%
7.85%
6.00%
7.31%
9.40%
8.94%
0.00%
0.77%
5.56%
1.85%
1.85%
2.47%
1.85%
10.05%
8.50%
5.56%
3.40%
3.86%
8.50%
3.40%
0.00%
0.00%
8.50%
5.56%
0.00%
1.09%
10.05%
2.94%
6.95%
3.86%
1.85%
2.94%
1.31%
3.86%
0.77%
1.31%
3.40%
3.86%
6.95%
0.93%
6.95%
6.95%
1.85%
0.00%
1.31%
3.40%
2.94%
29.22%
12.00%
10.00%
25.00%
35.00%
15.00%
30.00%
12.00%
21.96%
9.00%
27.35%
30.00%
32.00%
33.00%
25.00%
28.00%
26.85%
30.00%
27.00%
12.00%
33.00%
25.00%
30.00%
10.00%
28.00%
30.00%
19.00%
21.00%
10.00%
0.00%
16.00%
20.00%
27.92%
20.00%
27.92%
15.00%
0.00%
17.00%
22.00%
17.00%
28.00%
Western Europe
Asia
Eastern Europe & Russia
Asia
Western Europe
Asia
Central and South America
Eastern Europe & Russia
Asia
Eastern Europe & Russia
Caribbean
Africa
Africa
Africa
Western Europe
Australia & New Zealand
Central and South America
Africa
Western Europe
Middle East
Asia
Central and South America
Asia
Central and South America
Central and South America
Asia
Eastern Europe & Russia
Western Europe
Middle East
Middle East
Eastern Europe & Russia
Eastern Europe & Russia
Africa
Middle East
Africa
Eastern Europe & Russia
Middle East
Asia
Eastern Europe & Russia
Eastern Europe & Russia
Africa
8.94%
12.95%
8.47%
16.05%
11.56%
6.00%
6.00%
6.93%
8.47%
8.94%
11.56%
9.40%
8.47%
12.95%
21.44%
6.77%
6.61%
6.00%
8.94%
21.44%
12.95%
14.50%
2.94%
6.95%
2.47%
10.05%
5.56%
0.00%
0.00%
0.93%
2.47%
2.94%
5.56%
3.40%
2.47%
6.95%
15.44%
0.77%
0.61%
0.00%
2.94%
15.44%
6.95%
8.50%
28.00%
28.00%
24.50%
26.85%
34.50%
22.00%
17.92%
17.00%
20.00%
25.00%
25.00%
20.00%
26.85%
30.00%
18.00%
55.00%
20.00%
40.00%
25.00%
34.00%
22.00%
35.00%
Western Europe
Asia
Caribbean
Caribbean
Central and South America
Western Europe
Western Europe
Asia
Asia
Caribbean
Africa
Western Europe
Caribbean
Africa
Eastern Europe & Russia
Middle East
Western Europe
North America
Central and South America
Central and South America
Asia
Africa
outh America
outh America
outh America
outh America
outh America
outh America
outh America
outh America
outh America
outh America
outh America
outh America
outh America
outh America
outh America
outh America
outh America
outh America
outh America
Country
S&P Rating
Abu Dhabi
AA
Albania
B
Andorra (Principality of)
BBBAngola
B+
Argentina
NA
Armenia
NA
Aruba
BBB+
Australia
AAA
Austria
AA+
Azerbaijan
BBBBahamas
BBBBahrain
BBBBangladesh
BBBarbados
B
Belarus
BBelgium
AA
Belize
BBermuda
A+
Bolivia
BB
Bosnia and Herzegovin
B
Botswana
ABrazil
BB+
Bulgaria
BB+
Burkina Faso
BCambodia
NA
Cameroon
B
Canada
AAA
Cayman Islands
NA
Cape Verde
B
Chile
AAChina
AAColombia
BBB
Congo (Democratic Repu
BCongo (Republic of)
B
Cook Islands
B+
Costa Rica
BB
Cte d'Ivoire
NA
Croatia
BB
Cuba
NA
Curacao
A-
Moody's rating
Aa2
B1
Baa3
Ba2
Caa1
Ba3
Baa1
Aaa
Aaa
Baa3
Baa2
Baa3
Ba3
B3
Caa1
Aa3
Caa2
A1
Ba3
B3
A2
Baa3
Baa2
B3
B2
B2
Aaa
Aa3
B2
Aa3
Aa3
Baa2
B3
Ba3
B1
Ba1
Ba3
Ba1
Caa2
A3
Cyprus
Czech Republic
Denmark
Dominican Republic
Ecuador
Egypt
El Salvador
Estonia
Ethiopia
Fiji
Finland
France
Gabon
Georgia
Germany
Ghana
Greece
Guatemala
Guernsey (States of)
Honduras
Hong Kong
Hungary
Iceland
India
Indonesia
Ireland
Isle of Man
Israel
Italy
Jamaica
Japan
Jersey (States of)
Jordan
Kazakhstan
Kenya
Korea
Kuwait
Latvia
Lebanon
Liechtenstein
Lithuania
BBAAAAA
BBB
BB+
AAB
B+
AA+
AA
BBBBAAA
BCCC+
BB
AA+
B+
AAA
BB+
BBB
BBBBB+
A+
NA
A+
BBBB
A+
AA+
BBBBB
B+
AAAA
ABAAA
A-
B1
A1
Aaa
B1
B3
B3
Ba3
A1
B1
B1
Aaa
Aa2
Ba3
Ba3
Aaa
B3
Caa3
Ba1
Aa1
B3
Aa1
Ba1
Baa2
Baa3
Baa3
Baa1
Aa1
A1
Baa2
Caa2
A1
Aa1
B1
Baa2
B1
Aa2
Aa2
A3
B2
Aaa
A3
Luxembourg
Macao
Macedonia
Malaysia
Malta
Mauritius
Mexico
Moldova
Mongolia
Montenegro
Montserrat
Morocco
Mozambique
Namibia
Netherlands
New Zealand
Nicaragua
Nigeria
Norway
Oman
Pakistan
Panama
Papua New Guinea
Paraguay
Peru
Philippines
Poland
Portugal
Qatar
Ras Al Khaimah (Emirat
Romania
Russia
Rwanda
Saudi Arabia
Senegal
Serbia
Sharjah
Singapore
Slovakia
Slovenia
South Africa
AAA
NA
BBABBB+
NA
BBB+
NA
B
B+
BBBBBBBNA
AAA
AA
NA
B+
AAA
BBB+
BBBB
B+
BB
BBB+
BBB
ABB+
AA
A
BBBBB+
B+
A+
B+
BBA
AAA
A+
ABBB-
Aaa
Aa2
Ba3
A3
A3
Baa1
A3
B3
B2
Ba3
Baa3
Ba1
B2
Baa3
Aaa
Aaa
B2
Ba3
Aaa
A1
B3
Baa2
B1
Ba1
A3
Baa2
A2
Ba1
Aa2
A2
Baa3
Ba1
B1
Aa3
B1
B1
A3
Aaa
A2
Baa3
Baa2
Spain
Sri Lanka
St. Maarten
St. Vincent & the Grena
Suriname
Sweden
Switzerland
Taiwan
Thailand
Trinidad and Tobago
Tunisia
Turkey
Turks and Caicos Island
Uganda
Ukraine
United Arab Emirates
United Kingdom
United States of Americ
Uruguay
Venezuela
Vietnam
Zambia
BBB+
B+
NA
NA
BBAAA
AAA
AABBB+
A
NA
BB+
BBB+
B
BNA
AAA
AA+
BBB
CCC
BBB
Baa2
B1
Baa1
B3
Ba3
Aaa
Aaa
Aa3
Baa1
Baa2
Ba3
Baa3
Baa1
B1
Caa3
Aa2
Aa1
Aaa
Baa2
Caa3
B1
B2
In red: These are countries where S&P has a rating and Moody's does not. The following lookup table is used to estimate the
Moody's equivalent rating for these countries.
S&P
A
AA+
AA
AAAA+
AAA
B
BB+
BB
BBBB+
BBB
BBBBBB+
C
CC+
CC
CCCC+
CCC
CCCCCC+
Moody's
A2
A3
A1
Aa2
Aa3
Aa1
Aaa
B2
B3
B1
Ba2
Ba3
Ba1
Baa2
Baa3
Baa1
C2
C3
C1
Ca2
Ca3
Ca1
Caa2
Caa3
Caa1
Country
Region
MiddleEast
Abu Dhabi
Albania
Eastern Europe & Russia
Andorra
Western Europe
Angola
Africa
Argentina
Central and South America
Armenia
Eastern Europe & Russia
Caribbean
Aruba
Australia
Australia & New Zealand
Austria
WesternEurope
Azerbaijan
EasternEurope&Russia
Bahamas
Caribbean
Bahrain
MiddleEast
Bangladesh
Asia
Barbados
Caribbean
Belarus
EasternEurope&Russia
Belgium
WesternEurope
Belize
CentralandSouthAmerica
Benin
Africa
Bermuda
Caribbean
Bolivia
CentralandSouthAmerica
BosniaandHerzegovina
EasternEurope&Russia
Botswana
Africa
Brazil
CentralandSouthAmerica
Bulgaria
EasternEurope&Russia
Africa
Burkina Faso
Cambodia
Asia
Africa
Cameroon
Canada
NorthAmerica
CapeVerde
Africa
CaymanIslands
Caribbean
Chile
CentralandSouthAmerica
China
Asia
Colombia
CentralandSouthAmerica
Africa
Congo (Democratic Repu
Africa
Congo (Republic of)
Australia&NewZealand
Cook Islands
CostaRica
CentralandSouthAmerica
Africa
Cte d'Ivoire
Croatia
EasternEurope&Russia
Cuba
Caribbean
Caribbean
Curacao
Cyprus
WesternEurope
CzechRepublic
EasternEurope&Russia
Democratic Republic of Africa
Denmark
WesternEurope
DominicanRepublic
Caribbean
Ecuador
CentralandSouthAmerica
Egypt
Africa
ElSalvador
CentralandSouthAmerica
Estonia
EasternEurope&Russia
Africa
Ethiopia
Fiji
Asia
Finland
WesternEurope
France
WesternEurope
Africa
Gabon
Georgia
EasternEurope&Russia
Germany
WesternEurope
Ghana
Africa
Greece
WesternEurope
Guatemala
CentralandSouthAmerica
Guernsey (States of) WesternEurope
Honduras
CentralandSouthAmerica
HongKong
Asia
Hungary
EasternEurope&Russia
Iceland
WesternEurope
India
Asia
Indonesia
Asia
Ireland
WesternEurope
IsleofMan
WesternEurope
Israel
MiddleEast
Italy
WesternEurope
Jamaica
Caribbean
Japan
Asia
WesternEurope
Jersey (States of)
Jordan
MiddleEast
Kazakhstan
EasternEurope&Russia
Kenya
Africa
Korea
Asia
Kuwait
MiddleEast
Latvia
EasternEurope&Russia
Lebanon
MiddleEast
Liechtenstein
Lithuania
Luxembourg
Macao
Macedonia
Malaysia
Malta
Mauritius
Mexico
Moldova
Mongolia
Montenegro
Montserrat
Morocco
Mozambique
Namibia
Netherlands
NewZealand
Nicaragua
Nigeria
Norway
Oman
Pakistan
Panama
PapuaNewGuinea
Paraguay
Peru
Philippines
Poland
Portugal
Qatar
Ras Al Kaminah
Republic of the Congo
Romania
Russia
Rwanda
SaudiArabia
Senegal
Serbia
Sharjah
Singapore
WesternEurope
EasternEurope&Russia
WesternEurope
Asia
EasternEurope&Russia
Asia
WesternEurope
Asia
CentralandSouthAmerica
EasternEurope&Russia
Asia
EasternEurope&Russia
Caribbean
Africa
Africa
Africa
WesternEurope
Australia&NewZealand
CentralandSouthAmerica
Africa
WesternEurope
MiddleEast
Asia
CentralandSouthAmerica
Asia
CentralandSouthAmerica
CentralandSouthAmerica
Asia
EasternEurope&Russia
WesternEurope
MiddleEast
MiddleEast
Africa
EasternEurope&Russia
EasternEurope&Russia
Africa
MiddleEast
Africa
EasternEurope&Russia
MiddleEast
Asia
Slovakia
EasternEurope&Russia
Slovenia
EasternEurope&Russia
SouthAfrica
Africa
Spain
WesternEurope
SriLanka
Asia
Caribbean
St. Maarten
St.Vincent&theGrenadinesCaribbean
Suriname
CentralandSouthAmerica
Sweden
WesternEurope
Switzerland
WesternEurope
Taiwan
Asia
Thailand
Asia
TrinidadandTobago
Caribbean
Tunisia
Africa
Turkey
WesternEurope
Turkmenistan
EasternEurope&Russia
TurksandCaicos
Caribbean
Uganda
Africa
Ukraine
EasternEurope&Russia
UnitedArabEmirates
MiddleEast
UnitedKingdom
WesternEurope
UnitedStatesofAmerica
NorthAmerica
Uruguay
CentralandSouthAmerica
Venezuela
CentralandSouthAmerica
Vietnam
Asia
Zambia
Africa
Row Labels
A
AA+
AA
AAAA+
Aaa
B
BB+
BB
BBBB+
BBB
BBBBBB+
C1
Caa1
CCC
CCC+
Grand Total
Rating
A1
A2
A3
Aa1
Aa2
Aa3
Aaa
B1
B2
B3
Ba1
Ba2
Value
78
94
133
44
55
67
0
499
610
721
277
333
Ba3
Baa1
Baa2
Baa3
Ca
Caa1
Caa2
Caa3
NR
360
160
190
220
1200
750
900
1000
NA
399
177
211
244
1330
831
998
1108
NA
399
177
211
244
1330
831
998
1108
NA
Country
Moody's rating
Abu Dhabi
AA
Albania
B
Andorra (Principality of)
BBBAngola
B+
Argentina
Aaa
Armenia
Aaa
Aruba
BBB+
Australia
AAA
Austria
AA+
Azerbaijan
BBBBahamas
BBBBahrain
BBBBangladesh
BBBarbados
B
Belarus
BBelgium
AA
Belize
BBermuda
A+
Bolivia
BB
Bosnia and Herzegovin
B
Botswana
ABrazil
BB+
Bulgaria
BB+
Burkina Faso
BCambodia
C1
Cameroon
B
Canada
AAA
Cayman Islands
C1
Cape Verde
B
Chile
AAChina
AAColombia
BBB
Congo (Democratic Repu
BCongo (Republic of)
B
Cook Islands
B+
Costa Rica
BB
Cte d'Ivoire
Caa1
Croatia
BB
Cuba
Caa1
Curacao
A-
CDS Spread
1.21%
NA
NA
NA
NA
NA
NA
0.73%
0.51%
NA
NA
3.91%
NA
NA
NA
0.71%
NA
NA
NA
NA
NA
5.58%
2.20%
NA
NA
NA
NA
NA
NA
1.66%
1.62%
3.02%
NA
NA
NA
4.83%
NA
3.39%
NA
NA
Cyprus
Czech Republic
Denmark
Dominican Republic
Ecuador
Egypt
El Salvador
Estonia
Ethiopia
Fiji
Finland
France
Gabon
Georgia
Germany
Ghana
Greece
Guatemala
Guernsey (States of)
Honduras
Hong Kong
Hungary
Iceland
India
Indonesia
Ireland
Isle of Man
Israel
Italy
Jamaica
Japan
Jersey (States of)
Jordan
Kazakhstan
Kenya
Korea
Kuwait
Latvia
Lebanon
Liechtenstein
Lithuania
BBAAAAA
BBB
BB+
AAB
B+
AA+
AA
BBBBAAA
BCCC+
BB
AA+
B+
AAA
BB+
BBB
BBBBB+
A+
Caa1
A+
BBBB
A+
AA+
BBBBB
B+
AAAA
ABAAA
A-
3.10%
0.93%
0.39%
NA
NA
5.27%
NA
0.85%
NA
NA
0.46%
0.60%
NA
NA
0.34%
NA
NA
NA
NA
NA
0.78%
2.15%
0.80%
2.11%
3.25%
0.80%
NA
1.26%
1.54%
NA
0.93%
NA
NA
3.30%
NA
0.79%
NA
1.29%
4.87%
NA
1.29%
Luxembourg
Macao
Macedonia
Malaysia
Malta
Mauritius
Mexico
Moldova
Mongolia
Montenegro
Montserrat
Morocco
Mozambique
Namibia
Netherlands
New Zealand
Nicaragua
Nigeria
Norway
Oman
Pakistan
Panama
Papua New Guinea
Paraguay
Peru
Philippines
Poland
Portugal
Qatar
Ras Al Khaimah (Emirat
Romania
Russia
Rwanda
Saudi Arabia
Senegal
Serbia
Sharjah
Singapore
Slovakia
Slovenia
South Africa
AAA
Caa1
BBABBB+
Caa1
BBB+
Caa1
B
B+
BBBBBBBCaa1
AAA
AA
Caa1
B+
AAA
BBB+
BBBB
B+
BB
BBB+
BBB
ABB+
AA
A
BBBBB+
B+
A+
B+
BBA
AAA
A+
ABBB-
NA
NA
NA
2.50%
NA
NA
2.30%
NA
NA
NA
NA
2.26%
NA
NA
0.37%
0.77%
NA
NA
0.35%
NA
5.92%
2.33%
NA
NA
2.45%
1.73%
1.22%
2.44%
1.32%
NA
1.74%
3.48%
NA
1.93%
NA
NA
NA
NA
0.94%
1.68%
3.88%
Spain
Sri Lanka
St. Maarten
St. Vincent & the Grena
Suriname
Sweden
Switzerland
Taiwan
Thailand
Trinidad and Tobago
Tunisia
Turkey
Turks and Caicos Island
Uganda
Ukraine
United Arab Emirates
United Kingdom
United States of Americ
Uruguay
Venezuela
Vietnam
Zambia
BBB+
B+
Caa1
Caa1
BBAAA
AAA
AABBB+
A
Caa1
BB+
BBB+
B
BCaa1
AAA
AA+
BBB
CCC
BBB
1.44%
NA
NA
NA
NA
0.35%
0.42%
NA
2.00%
NA
4.58%
3.29%
NA
NA
NA
NA
0.42%
0.39%
NA
NA
3.53%
NA
2.71%
0.54%
0.00%
NA
NA
4.88%
NA
0.46%
NA
NA
0.07%
0.21%
NA
NA
0.00%
NA
NA
NA
NA
NA
0.39%
1.76%
0.41%
1.72%
2.86%
0.41%
NA
0.87%
1.15%
NA
0.54%
NA
NA
2.91%
NA
0.40%
NA
0.90%
4.48%
NA
0.90%
NA
NA
NA
2.11%
NA
NA
1.91%
NA
NA
NA
NA
1.87%
NA
NA
0.00%
0.38%
NA
NA
0.00%
NA
5.53%
1.94%
NA
NA
2.06%
1.34%
0.83%
2.05%
0.93%
NA
1.35%
3.09%
NA
1.54%
NA
NA
NA
NA
0.55%
1.29%
3.49%
1.05%
NA
NA
NA
NA
0.00%
0.03%
NA
1.61%
NA
4.19%
2.90%
NA
NA
NA
NA
0.03%
0.00%
NA
NA
3.14%
NA
Country
Argentina
Bahrain
Bangladesh
Bosnia
Botswana
Brazil
Bulgaria
Chile
China
Colombia
Costa Rica
Croatia
Cyprus
Czech Republic
Egypt
Estonia
Ghana
Greece
Hungary
Iceland
India
Indonesia
Ireland
Israel
Italy
Jamaica
Jordan
Kazakhastan
Kenya
Korea
Kuwait
Laos
Latvia
Lebanon
Lithuania
Macedonia
Malaysia
Malta
Mauritius
Mexico
Mongolia
Montenegro
Morocco
Namibia
Nigeria
Oman
Pakistan
Palestine
Panama
Peru
Philippines
Poland
Portugal
Qatar
Romania
Russia
Saudi Arabia
Serbia
Singapore
Slovakia
Slovenia
South Africa
Spain
Sri Lanka
Taiwan
Tanzania
Thailand
Tunisia
Turkey
UAE
Ukraine
US
Venezuela
Vietnam
Average
Median
High
Low
20.05%
13.26%
8.26%
15.33%
24.07%
17.68%
15.07%
14.08%
6.18%
16.15%
14.69%
15.08%
21.66%
20.25%
12.29%
21.02%
19.02%
8.58%
9.68%
17.07%
15.26%
13.79%
19.38%
12.40%
10.97%
18.22%
16.87%
8.23%
25.06%
32.50%
27.07%
10.87%
40.04%
16.75%
8.51%
30.36%
11.71%
10.18%
40.10%
7.91%
13.06%
7.30%
6.49%
13.17%
36.25%
186
6296.3
2.95%
12.05
NA
43.9
299.6
14.65%
0.66
NA
NA
NA
NA
NA
NA
NA
NA
NA
1.86
43
336.5
12.78%
1.87
0.88
42.3
226.3
18.69%
1.01
2.09
42.2
130
32.46%
0.75
NA
40.2
143
28.11%
0.92
2.40
52.8
221.9
23.79%
0.91
NA
32.5
272.9
11.91%
0.86
NA
33.1
3149
1.05%
7.07
NA
86
513.7
16.74%
2.38
2.12
45
867
5.19%
3.02
NA
38.5
3549
1.08%
23.49
NA
43.1
78.4
54.97%
0.74
NA
NA
NA
0.72
165.2
1357.6
12.17%
3.45
NA
42.2
174.9
24.13%
0.95
2.70
34.2
211.9
16.14%
0.84
4.04
23.3
205.2
11.35%
1.35
1.74
43.7
231.6
18.87%
1.06
3.21
65.4
910
7.19%
2.31
1.41
242
109.8
220.40%
2.24
2.80
47.3
149
31.74%
0.97
NA
NA
NA
NA
NA
NA
16.96%
1.83
NA
NA
49.83%
0.72
NA
NA
NA
NA
NA
NA
NA
57.4
338.4
NA
1.70
42.9
86.1
NA
27.3
130.8
20.87%
0.79
1.33
47.8
404.5
11.82%
0.62
NA
28.2
132.1
21.35%
0.61
NA
NA
30.24%
0.59
NA
NA
21.85%
0.90
NA
NA
56.4
186.5
NA
NA
1.56
39.3
179.9
NA
NA
NA
NA
NA
NA
17.27%
0.65
NA
NA
NA
NA
NA
NA
NA
NA
NA
15.93%
1.11
NA
NA
NA
NA
36.6
71.4
211.9
448.2
NA
NA
35.6
186.1
19.13%
0.51
1.90
38.1
190.1
20.04%
1.01
0.48
48.8
146.6
33.29%
0.77
1.29
31.5
101.8
30.94%
0.80
2.13
65.6
180.1
36.42%
0.96
NA
31.9
118.8
26.85%
1.02
NA
32.7
151.3
21.61%
0.78
0.52
90.5
395.7
22.87%
1.15
NA
40.9
112.2
36.45%
0.89
NA
NA
NA
NA
NA
NA
2.16
20.1
86.7
23.18%
0.97
1.17
13.4
163.9
8.18%
1.95
NA
39.9
269.9
14.78%
1.08
2.65
64.9
130
49.92%
0.89
NA
NA
NA
NA
NA
NA
NA
NA
NA
2.60
42.6
159
26.79%
0.90
NA
42.8
319.2
13.41%
0.75
1.90
39.1
263.7
14.83%
1.84
NA
NA
NA
NA
186.7
2803
6.66%
4.13
NA
92.1
32.5
283.38%
2.87
1.10
401.5
3781
10.62%
3.88
NA
1.86
1.88
4.04
0.48
30.6
259
11.81%
1.54
2.11
0.97
23.49
0.51
quity/CDS)
Cyprus
Czech Republic
Denmark
Dominican Republic
Ecuador
Egypt
El Salvador
Estonia
Ethiopia
Fiji
Finland
France
Gabon
Georgia
Germany
Ghana
Greece
Guatemala
Guernsey (States of)
Honduras
Hong Kong
Hungary
Iceland
India
Indonesia
Ireland
Isle of Man
Israel
Italy
Jamaica
Japan
Jersey (States of)
Jordan
Kazakhstan
Kenya
Korea
Kuwait
Latvia
Lebanon
Liechtenstein
Lithuania
23.2
205.3
342.4
64.1
100.9
286.5
25.2
26.5
55.6
4.5
272.2
2829
18.2
16.5
3868
38.6
235.6
58.8
0.5
19.4
290.1
138.4
17
2049
888.5
250.8
1.4
305.7
2141
13.9
4602
1
35.8
217.9
60.9
1410
163.6
31.3
45.7
10.5
48.4
Luxembourg
Macao
Macedonia
Malaysia
Malta
Mauritius
Mexico
Moldova
Mongolia
Montenegro
Montserrat
Morocco
Mozambique
Namibia
Netherlands
New Zealand
Nicaragua
Nigeria
Norway
Oman
Pakistan
Panama
Papua New Guinea
Paraguay
Peru
Philippines
Poland
Portugal
Qatar
Ras Al Khaimah (Emirate
Romania
Russia
Rwanda
Saudi Arabia
Senegal
Serbia
Sharjah
Singapore
Slovakia
Slovenia
South Africa
64.9
55.5
11.3
338.1
9.6
12.6
1295
8
12
4.6
1.5
110
15.9
13
879.3
166.1
11.8
568.5
499.8
81.8
243.6
46.2
16.9
30.9
202.6
284.8
545
230.1
210.1
5.2
199
1861
7.9
746.3
15.7
43.9
1
307.9
100.3
49.5
350.6
Spain
Sri Lanka
St. Maarten
St. Vincent & the Grenad
Suriname
Sweden
Switzerland
Taiwan
Thailand
Trinidad and Tobago
Tunisia
Turkey
Turks and Caicos Islands
Uganda
Ukraine
United Arab Emirates
United Kingdom
United States of America
Uruguay
Venezuela
Vietnam
Zambia
1381
78.8
1.5
0.7
5.2
571.1
701
970.9
404.8
28.9
48.6
798.4
1.5
27
131.8
399.5
2989
17419
57.5
381.3
186.2
27.1
Country
Abu Dhabi
Albania
Andorra (Principality of)
Angola
Argentina
Armenia
Aruba
Australia
Austria
Azerbaijan
Bahamas
Bahrain
Bangladesh
Barbados
Belarus
Belgium
Belize
Bermuda
S&P
Rating Moody's Rating
AA
Aa2
B
B1
BBBNA
B+
Ba2
NA
Caa1
NA
Ba3
BBB+
NA
AAA
Aaa
AA+
Aaa
BBBBaa3
BBBBaa2
BBBBaa3
BBBa3
B
B3
BCaa1
AA
Aa3
BCaa2
A+
A1
Bolivia
Bosnia and Herzegovina
Botswana
Brazil
Bulgaria
Burkina Faso
Cambodia
Cameroon
Canada
Cayman Islands
Cape Verde
Chile
China
Colombia
Congo (Democratic Republ
Congo (Republic of)
Cook Islands
Costa Rica
BB
B
ABB+
BB+
BNA
B
AAA
NA
B
AAAABBB
BB
B+
BB
Ba3
B3
A2
Baa3
Baa2
NA
B2
NA
Aaa
Aa3
NA
Aa3
Aa3
Baa2
B3
Ba3
NA
Ba1
Cte d'Ivoire
Croatia
Cuba
Curacao
Cyprus
Czech Republic
Denmark
Dominican Republic
Ecuador
Egypt
El Salvador
Estonia
Ethiopia
Fiji
Finland
France
Gabon
Georgia
Germany
Ghana
Greece
Guatemala
Guernsey (States of)
Honduras
Hong Kong
Hungary
Iceland
India
Indonesia
Ireland
Isle of Man
Israel
Italy
Jamaica
Japan
Jersey (States of)
Jordan
Kazakhstan
Kenya
NA
BB
NA
ABBAAAAA
BBB
BB+
AAB
B+
AA+
AA
BBBBAAA
BCCC+
BB
AA+
B+
AAA
BB+
BBB
BBBBB+
A+
NA
A+
BBBB
A+
AA+
BBBBB
B+
Ba3
Ba1
Caa2
NA
B1
A1
Aaa
B1
B3
B3
Ba3
A1
B1
B1
Aaa
Aa2
Ba3
Ba3
Aaa
B3
Caa3
Ba1
NA
B3
Aa1
Ba1
Baa2
Baa3
Baa3
Baa1
Aa1
A1
Baa2
Caa2
A1
NA
B1
Baa2
B1
Korea
Kuwait
Latvia
Lebanon
Liechtenstein
Lithuania
Luxembourg
Macao
Macedonia
Malaysia
Malta
Mauritius
Mexico
Moldova
Mongolia
Montenegro
Montserrat
Morocco
Mozambique
Namibia
Netherlands
New Zealand
Nicaragua
Nigeria
Norway
Oman
Pakistan
Panama
Papua New Guinea
Paraguay
Peru
Philippines
Poland
Portugal
Qatar
Ras Al Khaimah (Emirate
Romania
Russia
Rwanda
AAAA
ABAAA
AAAA
NA
BBABBB+
NA
BBB+
NA
B
B+
BBBBBBBNA
AAA
AA
NA
B+
AAA
BBB+
BBBB
B+
BB
BBB+
BBB
ABB+
AA
A
BBBBB+
B+
Aa2
Aa2
A3
B2
NA
A3
Aaa
Aa2
NA
A3
A3
Baa1
A3
B3
B2
Ba3
NA
Ba1
B2
Baa3
Aaa
Aaa
B2
Ba3
Aaa
A1
B3
Baa2
B1
Ba1
A3
Baa2
A2
Ba1
Aa2
NA
Baa3
Ba1
NA
Saudi Arabia
Senegal
Serbia
Sharjah
Singapore
Slovakia
Slovenia
South Africa
Spain
Sri Lanka
A+
B+
BBA
AAA
A+
ABBBBBB+
B+
Aa3
B1
B1
A3
Aaa
A2
Baa3
Baa2
Baa2
B1
St. Maarten
NA
St. Vincent & the Grenadi
NA
Suriname
BBSweden
AAA
Switzerland
AAA
Taiwan
AAThailand
BBB+
Trinidad and Tobago
A
Tunisia
NA
Turkey
BB+
Turks and Caicos Islands BBB+
Uganda
B
Ukraine
BUnited Arab Emirates
NA
United Kingdom
AAA
United States of America
AA+
Uruguay
BBB
Venezuela
CCC
Vietnam
BBZambia
B
Baa1
B3
Ba3
Aaa
Aaa
Aa3
Baa1
Baa2
Ba3
Baa3
NA
B1
Caa3
Aa2
Aa1
Aaa
Baa2
Caa3
B1
B2
Foreign
Currency
Moody's Local
Currency Rating
Abu Dhabi
Aa2
Aa2
Albania
B1
B1
Andorra
Angola
Ba2
Ba2
Argentina
Caa1
Caa1
Armenia
Ba3
Ba3
Australia
Aaa
Aaa
Austria
Aaa
Aaa
Azerbaijan
Baa3
Baa3
Bahamas
Baa2
Baa2
Bahrain
Baa3
Baa3
Bangladesh
Ba3
Ba3
Barbados
B3
B3
Belarus
Caa1
Caa1
Belgium
Aa3
Aa3
Caa2
Caa2
Bermuda
A1
A1
Bolivia
Ba3
Ba3
B3
B3
Botswana
A2
A2
Brazil
Baa3
Baa3
Bulgaria
Baa2
Baa2
Cambodia
B2
B2
Canada
Aaa
Aaa
Cayman Islands
Aa3
Chile
Aa3
Aa3
China
Aa3
Aa3
Colombia
Baa2
Baa2
Costa Rica
Ba1
Ba1
Cte d'Ivoire
Ba3
Ba3
Croatia
Ba1
Ba1
Caa2
Cyprus
B1
B1
Czech Republic
A1
A1
B3
B3
Denmark
Aaa
Aaa
Belize
Cuba
Dominican Republic
B1
B1
Ecuador
B3
Egypt
B3
B3
El Salvador
Ba3
Estonia
A1
A1
Ethiopia
B1
B1
Fiji
B1
B1
Finland
Aaa
Aaa
France
Aa2
Aa2
Gabon
Ba3
Ba3
Georgia
Ba3
Ba3
Germany
Aaa
Aaa
Ghana
B3
B3
Greece
Caa3
Caa3
Ba1
Ba1
Honduras
B3
B3
Hong Kong
Aa1
Aa1
Hungary
Ba1
Ba1
Iceland
Baa2
Baa2
India
Baa3
Baa3
Indonesia
Baa3
Baa3
Ireland
Baa1
Baa1
Isle of Man
Aa1
Aa1
Israel
A1
A1
Italy
Baa2
Baa2
Jamaica
Caa2
Caa2
A1
A1
B1
B1
Baa2
Baa2
Kenya
B1
B1
Korea
Aa2
Aa2
Kuwait
Aa2
Aa2
Kyrgyz Republic
B2
B2
Latvia
A3
A3
Lebanon
B2
B2
A3
A3
Guatemala
Guernsey (Channel Islands)
Japan
Jersey (Channel Islands)
Jordan
Kazakhstan
Liechtenstein
Lithuania
Luxembourg
Aaa
Aaa
Macao
Aa2
Aa2
Malaysia
A3
A3
Malta
A3
A3
Baa1
Baa1
Mexico
A3
A3
Moldova
B3
B3
Monaco
Mongolia
B2
B2
Montenegro
Ba3
Morocco
Ba1
Ba1
Mozambique
B2
B2
Namibia
Baa3
Baa3
Netherlands
Aaa
Aaa
New Zealand
Aaa
Aaa
Nicaragua
B2
B2
Nigeria
Ba3
Ba3
Norway
Aaa
Aaa
Oman
A1
A1
Pakistan
B3
B3
Panama
Baa2
B1
B1
Paraguay
Ba1
Ba1
Peru
A3
A3
Baa2
Baa2
Poland
A2
A2
Portugal
Ba1
Ba1
Qatar
Aa2
Aa2
Ba3
Ba3
Baa3
Baa3
Ba1
Ba1
San Marino
Saudi Arabia
Aa3
Aa3
Senegal
B1
B1
Serbia
B1
B1
Sharjah
A3
A3
Singapore
Aaa
Aaa
Mauritius
Panama-Offshore Banks
Philippines
Romania
Russia
Slovakia
A2
A2
Slovenia
Baa3
Baa3
B3
B3
South Africa
Baa2
Baa2
Spain
Baa2
Baa2
B1
Baa1
Baa1
B3
B3
Suriname
Ba3
Ba3
Sweden
Aaa
Aaa
Switzerland
Aaa
Aaa
Taiwan
Aa3
Aa3
Thailand
Baa1
Baa1
Baa2
Baa2
Tunisia
Ba3
Ba3
Turkey
Baa3
Baa3
Uganda
B1
B1
Ukraine
Caa3
Caa3
Aa2
Aa2
United Kingdom
Aa1
Aa1
Aaa
Aaa
Uruguay
Baa2
Baa2
Venezuela
Caa3
Caa3
Vietnam
B1
B1
Zambia
B2
B2
Solomon Islands
Sri Lanka
St. Maarten
Country
Albania
Andorra
Angola
Argentina
Armenia
Aruba
Australia
Austria
Azerbaijan
Bahamas
Bahrain
Bangladesh
Barbados
Belarus
Belgium
Belize
Bermuda
Bolivia
S&P Local
Currency
Rating
B
BBBB+
SD
BBB+
AAA
AA+
BBBBBBBBBBBB
BAA
BA+
BB
ABB+
BB+
BB
AAA
B
AAAABBB
BBB
BB
BB-
Czech Republic
Denmark
Dominican Republic
Ecuador
Egypt
El Salvador
Estonia
Ethiopia
European Union
Fiji
Finland
France
Gabon
Georgia
Germany
Ghana
Greece
Guatemala
Honduras
Hong Kong
Hungary
Iceland
India
Indonesia
Iraq
Ireland
Isle of Man
Israel
Italy
Ivory Coast
Jamaica
Japan
Jordan
Kazakhstan
Kenya
Kuwait
Kyrgyzstan
Latvia
Lebanon
AAAAA
BBB
BB+
AAB
AA+
B+
AA+
AA
B+
BBAAA
BCCC+
BB
B+
AAA
BB+
BBB
BBBBB+
BA+
A+
BBBB
A+
BBBBB
B+
AA
B
AB-
Lesotho
Liechtenstein
AAA
Lithuania
ALuxembourg
AAA
Macau
Macedonia
BBMalaysia
AMalta
BBB+
Mauritius
Mexico
BBB+
Moldova
Mongolia
B
Montenegro
B+
Morocco
BBBMozambique
BNamibia
AAA
Netherlands
AA
New Zealand
Nicaragua
B+
Nigeria
AAA
Norway
BBB+
Oman
Pakistan
BPanama
BBB
Papua New Guinea B+
Paraguay
BB
Peru
BBB+
Philippines
BBB
Poland
APortugal
BB+
Puerto Rico
CCCQatar
AA
Republic of the CongoB
Romania
BBBRussia
BB+
Rwanda
B+
San Marino
Saudi Arabia
A+
Senegal
B+
Serbia
Seychelles
Singapore
Slovakia
Slovenia
Solomon Islands
South Africa
South Korea
Spain
Sri Lanka
BBAAA
A+
ABBBAABBB+
B+
AAA
AA+
BBBB+
BB-
Cyprus
12.50%
Czech Repu
19.00%
Denmark
23.50%
Dominican
27.00%
Ecuador
22.00%
Egypt
22.50%
El Salvado
30.00%
Estonia
20.00%
Ethiopia
27.92%
Fiji
20.00%
Finland
20.00%
France
33.33%
Gabon
27.92%
Georgia
15.00%
Germany
29.65%
Ghana
25.00%
Greece
29.00%
Guatemala
25.00%
Guernsey (
0.00%
Honduras
30.00%
Hong Kong
16.50%
Hungary
19.00%
Iceland
20.00%
India
34.61%
Indonesia
25.00%
Ireland
12.50%
Isle of Man
0.00%
Israel
26.50%
Italy
31.40%
Jamaica
25.00%
Japan
33.06%
Jersey (Sta
0.00%
Jordan
20.00%
Kazakhsta
20.00%
Kenya
30.00%
Korea
24.20%
Kuwait
15.00%
Latvia
15.00%
Lebanon
15.00%
Liechtenst
12.50%
Lithuania
15.00%
Luxembour
Macao
Macedonia
Malaysia
Malta
Mauritius
Mexico
Moldova
Mongolia
Montenegr
Montserrat
Morocco
Mozambiq
Namibia
Netherland
New Zeala
Nicaragua
Nigeria
Norway
Oman
Pakistan
Panama
Papua New
Paraguay
Peru
Philippines
Poland
Portugal
Qatar
Ras Al Kha
Romania
Russia
Rwanda
Saudi Arab
Senegal
Serbia
Sharjah
Singapore
Slovakia
Slovenia
South Afric
29.22%
12.00%
10.00%
25.00%
35.00%
15.00%
30.00%
12.00%
21.96%
9.00%
27.35%
30.00%
32.00%
33.00%
25.00%
28.00%
26.85%
30.00%
27.00%
12.00%
33.00%
25.00%
30.00%
10.00%
28.00%
30.00%
19.00%
21.00%
10.00%
0.00%
16.00%
20.00%
27.92%
20.00%
27.92%
15.00%
0.00%
17.00%
22.00%
17.00%
28.00%
Spain
28.00%
Sri Lanka
28.00%
St. Maarte
24.50%
St. Vincen
26.85%
Suriname
34.50%
Sweden
22.00%
Switzerlan
17.92%
Taiwan
17.00%
Thailand
20.00%
Trinidad a
25.00%
Tunisia
25.00%
Turkey
20.00%
Turks and C 26.85%
Uganda
30.00%
Ukraine
18.00%
United Ara
55.00%
United Ki
20.00%
United Sta
40.00%
Uruguay
25.00%
Venezuela
34.00%
Vietnam
22.00%
Zambia
35.00%
Country
PRS SCORE TotalEquityRiskPremium
6.74%
Abu Dhabi
NA
12.71%
Albania
68.75
9.28%
Andorra (Principality of)
NA
10.48%
Angola
59
17.17%
Argentina
65.25
11.37%
Armenia
62.5
8.38%
Aruba
NA
6.00%
Australia
77.75
6.00%
Austria
78.75
9.28%
Azerbaijan
68.5
8.84%
Bahamas
76.25
9.28%
Bahrain
68.75
11.37%
Bangladesh
66
15.70%
Barbados
NA
17.17%
Belarus
59.5
6.90%
Belgium
76.25
19.42%
Belize
NA
7.05%
Bermuda
NA
11.37%
Bolivia
68.75
15.70%
Bosnia and Herzegovina
NA
7.26%
Botswana
77.5
9.28%
Brazil
62.75
8.84%
Bulgaria
71.75
15.70%
Burkina Faso
63.5
14.20%
Cambodia
NA
14.20%
Cameroon
63.75
6.00%
Canada
81.25
14.20%
Cape Verde
NA
6.90%
Cayman Islands
NA
6.90%
Chile
74.75
6.90%
China
NA
8.84%
Colombia
65.25
15.70%
Congo (Democratic Republ
NA
11.37%
Congo (Republic of)
NA
12.71%
Cook Islands
NA
9.72%
Costa Rica
73.5
11.37%
Cte d'Ivoire
NA
9.72%
Croatia
71.5
19.42%
Cuba
70
7.79%
Curacao
NA
DefaultSpread
0.53%
4.82%
2.35%
3.21%
8.02%
3.85%
1.71%
0.00%
0.00%
2.35%
2.04%
2.35%
3.85%
6.96%
8.02%
0.65%
9.63%
0.75%
3.85%
6.96%
0.91%
2.35%
2.04%
6.96%
5.89%
5.89%
0.00%
5.89%
0.65%
0.65%
0.65%
2.04%
6.96%
3.85%
4.82%
2.67%
3.85%
2.67%
9.63%
1.28%
Cyprus
Czech Republic
Denmark
Dominican Republic
Ecuador
Egypt
El Salvador
Estonia
Ethiopia
Fiji
Finland
France
Gabon
Georgia
Germany
Ghana
Greece
Guatemala
Guernsey (States of)
Honduras
Hong Kong
Hungary
Iceland
India
Indonesia
Ireland
Isle of Man
Israel
Italy
Jamaica
Japan
Jersey (States of)
Jordan
Kazakhstan
Kenya
Korea
Kuwait
Latvia
Lebanon
Liechtenstein
Lithuania
73.25
77.75
82.25
73
63
60.5
68.25
74.75
61
NA
81.75
73.75
69.5
NA
84.5
64.25
68.5
70
NA
66.75
81
75.25
83.5
69.25
63.75
82.5
NA
77
75.5
71
82.25
NA
68.75
63.75
62
NA
73.75
74.25
60.75
NA
76.25
12.71%
7.05%
6.00%
12.71%
15.70%
15.70%
11.37%
7.05%
12.71%
12.71%
6.00%
6.74%
11.37%
11.37%
6.00%
15.70%
20.90%
9.72%
6.59%
15.70%
6.59%
9.72%
8.84%
9.28%
9.28%
8.38%
6.59%
7.05%
8.84%
19.42%
7.05%
6.59%
12.71%
8.84%
12.71%
6.74%
6.74%
7.79%
14.20%
6.00%
7.79%
4.82%
0.75%
0.00%
4.82%
6.96%
6.96%
3.85%
0.75%
4.82%
4.82%
0.00%
0.53%
3.85%
3.85%
0.00%
6.96%
10.69%
2.67%
0.42%
6.96%
0.42%
2.67%
2.04%
2.35%
2.35%
1.71%
0.42%
0.75%
2.04%
9.63%
0.75%
0.42%
4.82%
2.04%
4.82%
0.53%
0.53%
1.28%
5.89%
0.00%
1.28%
Luxembourg
Macao
Macedonia
Malaysia
Malta
Mauritius
Mexico
Moldova
Mongolia
Montenegro
Montserrat
Morocco
Mozambique
Namibia
Netherlands
New Zealand
Nicaragua
Nigeria
Norway
Oman
Pakistan
Panama
Papua New Guinea
Paraguay
Peru
Philippines
Poland
Portugal
Qatar
Ras Al Khaimah (Emirate
Romania
Russia
Rwanda
Saudi Arabia
Senegal
Serbia
Sharjah
Singapore
Slovakia
Slovenia
South Africa
87
NA
NA
74.25
77.5
NA
68.25
62.25
62.5
NA
NA
69.5
52.25
71.25
82.75
82.25
64.25
62
87.5
74.5
61.25
73.5
64
67.25
68.25
73
79.25
76.25
78.25
NA
71.75
64.25
NA
72.5
63.25
NA
NA
87.25
74
72.25
66.25
6.00%
6.74%
11.37%
7.79%
7.79%
8.38%
7.79%
15.70%
14.20%
11.37%
9.28%
9.72%
14.20%
9.28%
6.00%
6.00%
14.20%
11.37%
6.00%
7.05%
15.70%
8.84%
12.71%
9.72%
7.79%
8.84%
7.26%
9.72%
6.74%
7.26%
9.28%
9.72%
12.71%
6.90%
12.71%
12.71%
7.79%
6.00%
7.26%
9.28%
8.84%
0.00%
0.53%
3.85%
1.28%
1.28%
1.71%
1.28%
6.96%
5.89%
3.85%
2.35%
2.67%
5.89%
2.35%
0.00%
0.00%
5.89%
3.85%
0.00%
0.75%
6.96%
2.04%
4.82%
2.67%
1.28%
2.04%
0.91%
2.67%
0.53%
0.91%
2.35%
2.67%
4.82%
0.65%
4.82%
4.82%
1.28%
0.00%
0.91%
2.35%
2.04%
Spain
Sri Lanka
St. Maarten
St. Vincent & the Grenad
Suriname
Sweden
Switzerland
Taiwan
Thailand
Trinidad and Tobago
Tunisia
Turkey
Turks and Caicos Islands
Uganda
Ukraine
United Arab Emirates
United Kingdom
United States of America
Uruguay
Venezuela
Vietnam
Zambia
Algeria
Brunei
Gambia
Guinea
Guinea-Bissau
Guyana
Haiti
Iran
Iraq
Korea, D.P.R.
Liberia
Libya
Madagascar
Malawi
Mali
Myanmar
Niger
Sierra Leone
Somalia
74
67.5
NA
NA
68.25
85.75
87.5
83.25
68
NA
65.75
61.5
NA
60.25
52
77.75
80.25
NA
70.5
49.25
71.5
65
63.0
72.8
62.0
53.8
62.3
63.5
57.0
67.8
56.0
56.0
50.5
52.8
61.3
57.0
62.5
63.3
51.0
56.5
42.5
8.84%
12.71%
8.38%
15.70%
11.37%
6.00%
6.00%
6.90%
8.38%
8.84%
11.37%
9.28%
8.38%
12.71%
20.90%
6.74%
6.59%
6.00%
8.84%
20.90%
12.71%
14.20%
2.04%
4.82%
1.71%
6.96%
3.85%
0.00%
0.00%
0.65%
1.71%
2.04%
3.85%
2.35%
1.71%
4.82%
10.69%
0.53%
0.42%
0.00%
2.04%
10.69%
4.82%
5.89%
4.82%
2.04%
5.89%
8.02%
4.82%
4.82%
8.02%
3.22%
8.02%
8.02%
8.02%
8.02%
5.89%
8.02%
4.82%
4.82%
8.02%
8.02%
10.69%
Sudan
Syria
Tanzania
Togo
Yemen, Republic
Zimbabwe
48.3
35.8
63.0
63.8
50.3
54.5
10.69%
13.64%
4.82%
4.82%
8.02%
8.02%
FinalERP
6.74%
12.71%
9.28%
10.48%
17.17%
11.37%
8.38%
6.00%
6.00%
9.28%
8.84%
9.28%
11.37%
15.70%
17.17%
6.90%
19.42%
7.05%
11.37%
15.70%
7.26%
9.28%
8.84%
15.70%
14.20%
14.20%
6.00%
14.20%
6.90%
6.90%
6.90%
8.84%
15.70%
11.37%
12.71%
9.72%
11.37%
9.72%
19.42%
7.79%
TaxRate
55.00%
15.00%
0.00%
30.00%
35.00%
20.00%
28.00%
30.00%
25.00%
20.12%
0.00%
0.00%
27.50%
25.00%
18.00%
33.99%
26.85%
0.00%
25.00%
10.00%
22.00%
34.00%
10.00%
27.92%
0.00%
33.00%
26.50%
27.92%
0.00%
22.50%
25.00%
25.00%
27.92%
27.92%
27.00%
30.00%
27.92%
20.00%
27.35%
25.00%
CRP
0.74%
6.71%
3.28%
4.48%
11.17%
5.37%
2.38%
0.00%
0.00%
3.28%
2.84%
3.28%
5.37%
9.70%
11.17%
0.90%
13.42%
1.05%
5.37%
9.70%
1.26%
3.28%
2.84%
9.70%
8.20%
8.20%
0.00%
8.20%
0.90%
0.90%
0.90%
2.84%
9.70%
5.37%
6.71%
3.72%
5.37%
3.72%
13.42%
1.79%
TaxRate
PRS Score
More than
0
40.001
50.001
57.001
60.001
62.001
64.001
66.001
68.001
69.001
72.001
74.001
76.001
80.001
81.001
83.001
85.001
12.71%
7.05%
6.00%
12.71%
15.70%
15.70%
11.37%
7.05%
12.71%
12.71%
6.00%
6.74%
11.37%
11.37%
6.00%
15.70%
20.90%
9.72%
6.59%
15.70%
6.59%
9.72%
8.84%
9.28%
9.28%
8.38%
6.59%
7.05%
8.84%
19.42%
7.05%
6.59%
12.71%
8.84%
12.71%
6.74%
6.74%
7.79%
14.20%
6.00%
7.79%
12.50%
19.00%
23.50%
27.00%
22.00%
22.50%
30.00%
20.00%
27.92%
20.00%
20.00%
33.33%
27.92%
15.00%
29.65%
25.00%
29.00%
25.00%
0.00%
30.00%
16.50%
19.00%
20.00%
34.61%
25.00%
12.50%
0.00%
26.50%
31.40%
25.00%
33.06%
0.00%
20.00%
20.00%
30.00%
24.20%
15.00%
15.00%
15.00%
12.50%
15.00%
6.71%
1.05%
0.00%
6.71%
9.70%
9.70%
5.37%
1.05%
6.71%
6.71%
0.00%
0.74%
5.37%
5.37%
0.00%
9.70%
14.90%
3.72%
0.59%
9.70%
0.59%
3.72%
2.84%
3.28%
3.28%
2.38%
0.59%
1.05%
2.84%
13.42%
1.05%
0.59%
6.71%
2.84%
6.71%
0.74%
0.74%
1.79%
8.20%
0.00%
1.79%
6.00%
6.74%
11.37%
7.79%
7.79%
8.38%
7.79%
15.70%
14.20%
11.37%
9.28%
9.72%
14.20%
9.28%
6.00%
6.00%
14.20%
11.37%
6.00%
7.05%
15.70%
8.84%
12.71%
9.72%
7.79%
8.84%
7.26%
9.72%
6.74%
7.26%
9.28%
9.72%
12.71%
6.90%
12.71%
12.71%
7.79%
6.00%
7.26%
9.28%
8.84%
29.22%
12.00%
10.00%
25.00%
35.00%
15.00%
30.00%
12.00%
21.96%
9.00%
27.35%
30.00%
32.00%
33.00%
25.00%
28.00%
26.85%
30.00%
27.00%
12.00%
33.00%
25.00%
30.00%
10.00%
28.00%
30.00%
19.00%
21.00%
10.00%
0.00%
16.00%
20.00%
27.92%
20.00%
27.92%
15.00%
0.00%
17.00%
22.00%
17.00%
28.00%
0.00%
0.74%
5.37%
1.79%
1.79%
2.38%
1.79%
9.70%
8.20%
5.37%
3.28%
3.72%
8.20%
3.28%
0.00%
0.00%
8.20%
5.37%
0.00%
1.05%
9.70%
2.84%
6.71%
3.72%
1.79%
2.84%
1.26%
3.72%
0.74%
1.26%
3.28%
3.72%
6.71%
0.90%
6.71%
6.71%
1.79%
0.00%
1.26%
3.28%
2.84%
8.84%
12.71%
8.38%
15.70%
11.37%
6.00%
6.00%
6.90%
8.38%
8.84%
11.37%
9.28%
8.38%
12.71%
20.90%
6.74%
6.59%
6.00%
8.84%
20.90%
12.71%
14.20%
12.71%
8.84%
14.20%
17.17%
12.71%
12.71%
17.17%
10.48%
17.17%
17.17%
17.17%
17.17%
14.20%
17.17%
12.71%
12.71%
17.17%
17.17%
20.90%
28.00%
28.00%
24.50%
26.85%
34.50%
22.00%
17.92%
17.00%
20.00%
25.00%
25.00%
20.00%
26.85%
30.00%
18.00%
55.00%
20.00%
40.00%
25.00%
34.00%
22.00%
35.00%
23.00%
28.18%
28.18%
26.90%
28.18%
24.90%
24.90%
30.34%
15.00%
26.90%
28.18%
20.00%
28.18%
30.00%
28.18%
26.90%
28.18%
30.00%
28.18%
2.84%
6.71%
2.38%
9.70%
5.37%
0.00%
0.00%
0.90%
2.38%
2.84%
5.37%
3.28%
2.38%
6.71%
14.90%
0.74%
0.59%
0.00%
2.84%
14.90%
6.71%
8.20%
6.71%
2.84%
8.20%
11.17%
6.71%
6.71%
11.17%
4.48%
11.17%
11.17%
11.17%
11.17%
8.20%
11.17%
6.71%
6.71%
11.17%
11.17%
14.90%
20.90%
25.00%
12.71%
12.71%
17.17%
17.17%
35.00%
22.00%
30.00%
28.18%
20.00%
25.75%
14.90%
19.00%
6.71%
6.71%
11.17%
11.17%
PRS Score
Less than
ERP
40.001
25.00%
50.001
20.90%
57.001
17.17%
60.001
15.70%
62.001
Country
Country
AbuDhabi
Albania
Andorra(Prin
Albania
68.8
14.20%
Algeria
63.0
Algeria
64.001
12.71%
Angola
59.0
66.001
11.37%
Argentina
65.3
68.001
10.48%
Armenia
62.5
69.001
9.72%
72.001
9.28%
Australia
77.8
74.001
8.84%
Austria
78.8
76.001
8.38%
Azerbaijan
68.5
80.001
7.79%
Bahamas
76.3
81.001
7.26%
Bahrain
68.8
83.001
6.90%
Bangladesh
66.0
85.001
6.59%
90.000
6.00%
Belarus
59.5
Belgium
76.3
Bolivia
68.8
Botswana
77.5
Brazil
62.8
Angola
Argentina
Armenia
Aruba
Australia
Austria
Azerbaijan
Bahamas
Bahrain
Bangladesh
Barbados
Belarus
Belgium
Belize
Bermuda
Bolivia
BosniaandH
Botswana
Brazil
Brunei
72.8
Brunei
Bulgaria
71.8
Burkina Faso
63.5
Cameroon
63.8
Canada
81.3
Chile
74.8
China, Peoples'
72.5
Colombia
65.3
Congo, Dem. Re
57.3
Congo, Republi
64.8
Costa Rica
73.5
Bulgaria
BurkinaFaso
Cambodia
Cameroon
Canada
CaymanIslan
CapeVerde
Chile
China
Colombia
Congo(Democ
Congo(Repub
CookIslands
CostaRica
Cted'Ivoire
Croatia
Cuba
Curacao
Cyprus
CzechRepubl
Denmark
DominicanRe
Ecuador
Egypt
ElSalvador
Estonia
Ethiopia
Fiji
Finland
France
Gabon
Georgia
Cote d'Ivoire
64.0
Croatia
71.5
Cuba
70.0
Cyprus
73.3
Czech Republic
77.8
Denmark
82.3
Dominican Repu
73.0
Ecuador
63.0
Egypt
60.5
El Salvador
68.3
Estonia
74.8
Ethiopia
61.0
Finland
81.8
France
73.8
Gabon
69.5
Gambia
62.0
Gambia
Germany
84.5
Ghana
64.3
Greece
68.5
Guatemala
70.0
Germany
Ghana
Greece
Guatemala
Guinea
53.8
Guinea
Guinea-Bissau
62.3
Guinea-Bissau
Guyana
63.5
Guyana
Guernsey(Sta
Haiti
57.0
Haiti
Honduras
66.8
Hong Kong
81.0
Hungary
75.3
Iceland
83.5
India
69.3
Indonesia
63.8
Honduras
HongKong
Hungary
Iceland
India
Indonesia
Iran
67.8
Iran
Iraq
56.0
Iraq
Ireland
82.5
Israel
77.0
Italy
75.5
Jamaica
71.0
Ireland
IsleofMan
Israel
Italy
Jamaica
Japan
82.3
Jordan
68.8
Kazakhstan
63.8
Kenya
62.0
Japan
Jersey(States
Jordan
Kazakhstan
Kenya
Korea, D.P.R.
56.0
Korea, D.P.R.
Korea, Republic
81.0
Kuwait
73.8
Latvia
74.3
Lebanon
60.8
Korea
Kuwait
Latvia
Lebanon
Liberia
50.5
Liberia
Libya
52.8
Libya
Lithuania
76.3
Luxembourg
87.0
Madagascar
61.3
Liechtenstein
Lithuania
Luxembourg
Macao
Madagascar
Macedonia
Malawi
57.0
Malawi
Malaysia
74.3
Malaysia
Mali
62.5
Mali
Malta
77.5
Mexico
68.3
Moldova
62.3
Mongolia
62.5
Morocco
69.5
Mozambique
52.3
Malta
Mauritius
Mexico
Moldova
Mongolia
Montenegro
Montserrat
Morocco
Mozambique
Myanmar
63.3
Myanmar
Namibia
71.3
Netherlands
82.8
New Zealand
82.3
Nicaragua
64.3
Namibia
Netherlands
NewZealand
Nicaragua
Niger
51.0
Niger
Nigeria
62.0
Norway
87.5
Oman
74.5
Pakistan
61.3
Panama
73.5
Nigeria
Norway
Oman
Pakistan
Panama
PapuaNewG
Paraguay
Peru
Philippines
Poland
Portugal
Qatar
RasAlKhaim
Romania
Russia
Rwanda
SaudiArabia
Senegal
Serbia
Sharjah
64.0
Paraguay
67.3
Peru
68.3
Philippines
73.0
Poland
79.3
Portugal
76.3
Qatar
78.3
Romania
71.8
Russia
64.3
Saudi Arabia
72.5
Senegal
63.3
Serbia
63.8
Sierra Leone
56.5
Sierra Leone
Singapore
87.3
Slovakia
74.0
Slovenia
72.3
Singapore
Slovakia
Slovenia
Somalia
42.5
Somalia
South Africa
66.3
Spain
74.0
Sri Lanka
67.5
SouthAfrica
Spain
SriLanka
Sudan
48.3
Sudan
Suriname
68.3
Sweden
85.8
Switzerland
87.5
St.Maarten
St.Vincent&
Suriname
Sweden
Switzerland
Syria
35.8
Syria
Taiwan
83.3
Taiwan
Tanzania
63.0
Tanzania
Thailand
68.0
Thailand
Togo
63.8
Togo
75.5
Tunisia
65.8
Turkey
61.5
Uganda
60.3
Ukraine
52.0
77.8
Trinidadand
Tunisia
Turkey
TurksandCai
Uganda
Ukraine
UnitedArab
United Kingdo
80.3
United States
78.3
Uruguay
70.5
Venezuela
49.3
Vietnam
71.5
UnitedKing
UnitedStates
Uruguay
Venezuela
Vietnam
Yemen, Republi
50.3
Yemen, Republi
Zambia
65.0
Zambia
Zimbabwe
54.5
Zimbabwe
Moody'sratingRatingbasedTotalEquityRiskPremium
Aa2
0.55%
6.74%
0
B1
4.99%
12.71%
68.75
1
Baa3
2.44%
9.28%
0
PRS SCORE
NA
NA
63.0
1
59
65.25
62.5
NA
77.75
78.75
68.5
76.25
68.75
66
NA
59.5
76.25
NA
NA
68.75
NA
77.5
62.75
Ba2
Caa1
Ba3
Baa1
Aaa
Aaa
Baa3
Baa2
Baa3
Ba3
B3
Caa1
Aa3
Caa2
A1
Ba3
B3
A2
Baa3
3.33%
8.31%
3.99%
1.77%
0.00%
0.00%
2.44%
2.11%
2.44%
3.99%
7.21%
8.31%
0.67%
9.98%
0.78%
3.99%
7.21%
0.94%
2.44%
10.48%
17.17%
11.37%
8.38%
6.00%
6.00%
9.28%
8.84%
9.28%
11.37%
15.70%
17.17%
6.90%
19.42%
7.05%
11.37%
15.70%
7.26%
9.28%
Baa2
B3
B2
B2
Aaa
Aa3
B2
Aa3
Aa3
Baa2
B3
Ba3
B1
Ba1
2.11%
7.21%
6.10%
6.10%
0.00%
0.67%
6.10%
0.67%
0.67%
2.11%
7.21%
3.99%
4.99%
2.77%
8.84%
15.70%
14.20%
14.20%
6.00%
6.90%
14.20%
6.90%
6.90%
8.84%
15.70%
11.37%
12.71%
9.72%
72.8
1
1
1
0
1
1
1
1
1
1
0
1
1
0
0
1
0
1
1
1
71.75
63.5
NA
63.75
81.25
NA
NA
74.75
NA
65.25
NA
NA
NA
73.5
1
1
0
1
1
0
0
1
0
1
0
0
0
1
NA
71.5
70
NA
73.25
77.75
82.25
73
63
60.5
68.25
74.75
61
NA
81.75
73.75
69.5
NA
Ba3
Ba1
Caa2
A3
B1
A1
Aaa
B1
B3
B3
Ba3
A1
B1
B1
Aaa
Aa2
Ba3
Ba3
3.99%
2.77%
9.98%
1.33%
4.99%
0.78%
0.00%
4.99%
7.21%
7.21%
3.99%
0.78%
4.99%
4.99%
0.00%
0.55%
3.99%
3.99%
11.37%
9.72%
19.42%
7.79%
12.71%
7.05%
6.00%
12.71%
15.70%
15.70%
11.37%
7.05%
12.71%
12.71%
6.00%
6.74%
11.37%
11.37%
62.0
0
1
1
0
1
1
1
1
1
1
1
1
1
0
1
1
1
0
1
84.5
64.25
68.5
70
Aaa
B3
Caa3
Ba1
0.00%
7.21%
11.08%
2.77%
6.00%
15.70%
20.90%
9.72%
1
1
1
1
53.8
62.3
63.5
NA
Aa1
0.44%
6.59%
B3
Aa1
Ba1
Baa2
Baa3
Baa3
7.21%
0.44%
2.77%
2.11%
2.44%
2.44%
15.70%
6.59%
9.72%
8.84%
9.28%
9.28%
57.0
0
1
66.75
81
75.25
83.5
69.25
63.75
1
1
1
1
1
1
67.8
56.0
1
82.5
NA
77
75.5
71
Baa1
Aa1
A1
Baa2
Caa2
1.77%
0.44%
0.78%
2.11%
9.98%
8.38%
6.59%
7.05%
8.84%
19.42%
1
0
1
1
1
82.25
NA
68.75
63.75
62
A1
Aa1
B1
Baa2
B1
0.78%
0.44%
4.99%
2.11%
4.99%
7.05%
6.59%
12.71%
8.84%
12.71%
56.0
1
0
1
1
1
1
NA
73.75
74.25
60.75
Aa2
Aa2
A3
B2
0.55%
0.55%
1.33%
6.10%
6.74%
6.74%
7.79%
14.20%
50.5
0
1
1
1
1
52.8
NA
76.25
87
NA
Aaa
A3
Aaa
Aa2
0.00%
1.33%
0.00%
0.55%
6.00%
7.79%
6.00%
6.74%
61.3
0
1
1
0
1
Ba3
NA
3.99%
11.37%
57.0
0
1
74.25
A3
1.33%
7.79%
62.5
1
1
77.5
NA
68.25
62.25
62.5
NA
NA
69.5
52.25
A3
Baa1
A3
B3
B2
Ba3
Baa3
Ba1
B2
1.33%
1.77%
1.33%
7.21%
6.10%
3.99%
2.44%
2.77%
6.10%
7.79%
8.38%
7.79%
15.70%
14.20%
11.37%
9.28%
9.72%
14.20%
63.3
1
0
1
1
1
0
0
1
1
1
71.25
82.75
82.25
64.25
Baa3
Aaa
Aaa
B2
2.44%
0.00%
0.00%
6.10%
9.28%
6.00%
6.00%
14.20%
51.0
1
1
1
1
1
62
87.5
74.5
61.25
73.5
Ba3
Aaa
A1
B3
Baa2
3.99%
0.00%
0.78%
7.21%
2.11%
11.37%
6.00%
7.05%
15.70%
8.84%
1
1
1
1
1
64
67.25
68.25
73
79.25
76.25
78.25
NA
71.75
64.25
NA
72.5
63.25
NA
NA
B1
Ba1
A3
Baa2
A2
Ba1
Aa2
A2
Baa3
Ba1
B1
Aa3
B1
B1
A3
4.99%
2.77%
1.33%
2.11%
0.94%
2.77%
0.55%
0.94%
2.44%
2.77%
4.99%
0.67%
4.99%
4.99%
1.33%
12.71%
9.72%
7.79%
8.84%
7.26%
9.72%
6.74%
7.26%
9.28%
9.72%
12.71%
6.90%
12.71%
12.71%
7.79%
56.5
1
1
1
1
1
1
1
0
1
1
0
1
1
0
0
1
87.25
74
72.25
Aaa
A2
Baa3
0.00%
0.94%
2.44%
6.00%
7.26%
9.28%
42.5
1
1
1
1
66.25
74
67.5
Baa2
Baa2
B1
2.11%
2.11%
4.99%
8.84%
8.84%
12.71%
Baa1
B3
Ba3
Aaa
Aaa
1.77%
7.21%
3.99%
0.00%
0.00%
8.38%
15.70%
11.37%
6.00%
6.00%
48.3
1
1
1
1
NA
NA
68.25
85.75
87.5
35.8
0
0
1
1
1
1
83.25
Aa3
0.67%
6.90%
63.0
1
1
68
Baa1
1.77%
8.38%
63.8
1
1
NA
65.75
61.5
NA
60.25
52
77.75
Baa2
Ba3
Baa3
Baa1
B1
Caa3
Aa2
2.11%
3.99%
2.44%
1.77%
4.99%
11.08%
0.55%
8.84%
11.37%
9.28%
8.38%
12.71%
20.90%
6.74%
0
1
1
0
1
1
1
80.25
NA
70.5
49.25
71.5
Aa1
Aaa
Baa2
Caa3
B1
0.44%
0.00%
2.11%
11.08%
4.99%
6.59%
6.00%
8.84%
20.90%
12.71%
50.3
0
1
1
1
1
65
54.5
B2
6.10%
14.20%
1
1