"Euromoney" ranks Israel 34th in its corruption adjusted rankings and 37th in the global risk rankings in the magazine semi-annual risk survey for March 2008. Israel rose from 39th position in the global risk rankings, with a score of 71.06 out of 100.
Israel outranks Oman, the Czech Republic, South Korea, Poland, Chile, Slovakia, Barbados, Brunei, and Lithuania in the global risk rankings. Israel is ranked fourth in the corruption adjusted rankings for the Middle East, after Kuwait, the UAE, Qatar, and Bahrain. Israel also ranks behind Saudi Arabia in the global risk rankings.
The top five countries in the latest survey are Luxembourg, Norway, Switzerland, Denmark, and Sweden. The US dropped to 11th place because of fears of an economic downturn and an uncertain political future dent analysts' confidence.
"Euromoney" weights nine categories to created the country risk rating: political risk and economic performance (25% each); debt indicators, debt in default or rescheduled, and credit ratings (10% each); and access to bank finance, short-term finance and capital markets (5%) each; and forfeiting (5%).
Published by Globes [online], Israel business news - www.globes-online.com - on April 22, 2008
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