Type of business | Nonprofit |
---|---|
Available in | English |
Headquarters | Zurich, Switzerland |
Created by | Dorian Credé (founder) Erwan Salembier (co-founder) |
URL | www |
Commercial | No |
Registration | Optional (required only for certain tasks such as editing protected pages, creating pages or uploading files) |
Launched | October 3, 2011 |
Current status | Active |
Content license | Creative Commons |
Wikirating is a free, collaborative platform for credit ratings that aims to provide a transparent source for credit ratings of countries, companies and structured products. It is the first independent rating platform mainly based on community's contributions to feed data and information to establish independent, impartial and transparent ratings. [1] [2] [3]
Development of the platform started in spring 2010 by Austrian mathematician Dorian Credé and his colleague Erwan Salembier. The platform, which is based on the MediaWiki framework, went online in October 2011. By the end of 2011, around 2100 users had contributed ratings. [1] In February 2012 Salembier left Wikirating, [4] and in November 2012 the US not-for-profit rating provider Public Sector Credit Solutions published its open-source framework on the platform. [5]
Wikirating uses a similar rating scheme as traditional credit rating agencies, ranging from "AAA" (highest rating) to "D" (default). [1] [6]
The platform offers three rating methods. [1] [5]
Wikirating users can vote on the rating of each country or company. Voting is limited to one vote each to prevent manipulation.
The Sovereign Wikirating Index (SWI) contains a transparent formula that takes into account various factors, believed to influence the creditworthiness of nations.
As of October 2013, the SWI contains the following five criteria (with weights):
The resulting value is adjusted by multiplying it with a "scaling factor", which is composed by the Human Development Index (HDI) [7] (60% weight) and the Corruption Perceptions Index [8] (40% weight).
Each criterium is calibrated with respect to the relative minimum and maximum value of all countries. For all criteria, a threshold value is defined in order to avoid distorted values. The calculated values are done with a spreadsheet. [9]
The founders hope to engage the community to further improve the formula in order to provide optimal ratings.
The economy of Georgia is an emerging free market economy. Its gross domestic product fell sharply following the dissolution of the Soviet Union but recovered in the mid-2000s, growing in double digits thanks to the economic and democratic reforms brought by the peaceful Rose Revolution. Georgia continued its economic progress since, "moving from a near-failed state in 2003 to a relatively well-functioning market economy in 2014". In 2007, the World Bank named Georgia the World's number one economic reformer, and has consistently ranked the country at the top of its ease of doing business index.
The economy of Luxembourg is largely dependent on the banking, steel, and industrial sectors. Luxembourgers enjoy the highest per capita gross domestic product in the world.
The economy of Moldova is an emerging upper-middle income economy, with a high Human Development Index. Moldova is a landlocked Eastern European country, bordered by Ukraine on the East and Romania to the West. It is a former Soviet republic and a candidate member to the European Union.
The economy of Romania is a high-income economy with a skilled labour force, ranked 13th in the European Union by total Nominal GDP and 8th largest when adjusted by purchasing power parity.
The economy of France is highly developed and market-oriented. It is the world's seventh largest economy by 2022 nominal figures and the tenth-largest economy by PPP, constituting 3.3% of world GDP.
S&P Global Ratings is an American credit rating agency (CRA) and a division of S&P Global that publishes financial research and analysis on stocks, bonds, and commodities. S&P is considered the largest of the Big Three credit-rating agencies, which also include Moody's Investors Service and Fitch Ratings. Its head office is located on 55 Water Street in Lower Manhattan, New York City.
The Monetary Authority of Singapore (MAS) is the central bank and financial regulatory authority of Singapore. It administers the various statutes pertaining to money, banking, insurance, securities and the financial sector in general, as well as currency issuance. It was established in 1971 to act as the banker to and as a financial agent of the Government of Singapore.
This page compares the sovereign states of Europe on economic, financial and social indicators.
The Index of Economic Freedom is an annual index and ranking created in 1995 by the Heritage Foundation and The Wall Street Journal to measure the degree of economic freedom in the world's nations. The creators of the index claim to take an approach inspired by that of Adam Smith in The Wealth of Nations, that "basic institutions that protect the liberty of individuals to pursue their own economic interests result in greater prosperity for the larger society".
A credit rating is an evaluation of the credit risk of a prospective debtor, predicting their ability to pay back the debt, and an implicit forecast of the likelihood of the debtor defaulting. The credit rating represents an evaluation of a credit rating agency of the qualitative and quantitative information for the prospective debtor, including information provided by the prospective debtor and other non-public information obtained by the credit rating agency's analysts.
An emerging market is a market that has some characteristics of a developed market, but does not fully meet its standards. This includes markets that may become developed markets in the future or were in the past. The term "frontier market" is used for developing countries with smaller, riskier, or more illiquid capital markets than "emerging". As of 2006, the economies of China and India are considered to be the largest emerging markets. According to The Economist, many people find the term outdated, but no new term has gained traction. Emerging market hedge fund capital reached a record new level in the first quarter of 2011 of $121 billion. The 10 largest emerging and developing economies by either nominal or PPP-adjusted GDP are 4 of the 5 BRICS countries along with Indonesia, Iran, South Korea, Mexico, Saudi Arabia, Taiwan and Turkey.
Country risk refers to the risk of investing or lending in a country, arising from possible changes in the business environment that may adversely affect operating profits or the value of assets in the country. For example, financial factors such as currency controls, devaluation or regulatory changes, or stability factors such as mass riots, civil war and other potential events contribute to companies' operational risks. This term is also sometimes referred to as political risk; however, country risk is a more general term that generally refers only to risks affecting all companies operating within or involved with a particular country.
A Constant proportion debt obligation (CPDO) is a type of credit derivative sold to investors looking for exposure to credit risk. A CPDO is normally embedded in a note rated by a credit rating agency. CPDOs employ dynamic leveraging in a similar way to Credit CPPI trades.
The Fragile States Index is an annual report published by the United States think tank the Fund for Peace and the American magazine Foreign Policy from 2005 to 2018, then by The New Humanitarian since 2019. The list aims to assess states' vulnerability to conflict or collapse, ranking all sovereign states with membership in the United Nations where there is enough data available for analysis. Taiwan, the Palestinian Territories, Northern Cyprus, Kosovo and Western Sahara are not ranked, despite being recognized as sovereign by one or more other nations. Ranking is based on the sum of scores for 12 indicators. Each indicator is scored on a scale of 0 to 10, with 0 being the lowest intensity and 10 being the highest intensity, creating a scale spanning 0−120.
The Economist Intelligence Unit’s where-to-be-born index attempts to measure which country will provide the best opportunities for a healthy, safe and prosperous life in the years ahead. It is based on a method that links the results of subjective life-satisfaction surveys to the objective determinants of quality of life across countries along with a onward-looking elements.
The following are international rankings of Tunisia.
Poverty in Haiti is a long lasting issue that affects the residents on a daily basis playing a significant role in their everyday lives. Issues including housing, nutrition, education, healthcare, infant mortality rates, and environmental factors are very common amongst the poorest communities in the nation. Haiti has long struggled with poor living conditions in the more rural areas of the country causing many Haitians to migrate towards the capital city of Port-au-Prince. Poverty in Haiti is regarded as among the most severe in the Western hemisphere.
Several credit rating agencies around the world have downgraded their credit ratings of the U.S. federal government, including Standard & Poor's (S&P) which reduced the country's rating from AAA (outstanding) to AA+ (excellent) on August 5, 2011.
Bulgaria has "systematically demonstrated very high levels of perception of corruption." Government officials reportedly engage in embezzlement, influence trading, government procurement violations, and bribery with impunity.