The Economist Intelligence Unit’s Country Risk Service publishes regular ratings on 120 sovereigns. The ratings for emerging markets are updated monthly while those for most developed countries are updated bi-annually. The sovereign rating measures the risk of a build-up in arrears of principal and/or interest on foreign- and/or local-currency debt that is the direct obligation of the sovereign or guaranteed by the sovereign.

Cuba’s rating:

Month: Jul-08 Rating: CCC Outlook: Stable

CCC = Questionable capacity and commitment to honour obligations.  Patchy payment record.

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