Poised For A Strong Rating

November 2006 | Economic Analysis

Algeria is the second highest ranking country out of 35 countries in our sovereign risk rating system on account of its favourable debt payment outlook. This is based on a score of 51/55 on the ability to pay component and 31/45 in terms of willingness to pay. Having reduced its debt burden from its zenith in 1995 when the external debt-to-GDP ratio was 75.1%, or US$31.6bn, to just 5.7% of GDP in 2006, or US$5bn, Algeria has certainly drastically altered its external position. This has been achieved by the early re-payment of US$3bn to the African Development Bank, US$8bn to

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