Historical country risk ratings
| Rank | Country | % change between '93 - '05 | % change between '93 - '95 | % change between '95 - '00 | % change between '00 - '05 |
| 1 | Sweden | 11.5% | -0.1% | 6.3% | 5.0% |
| 2 | Norway | 10.5% | 1.1% | -1.3% | 10.7% |
| 3 | Finland | 9.7% | 7.7% | -1.7% | 3.6% |
| 4 | Iceland | 8.6% | -0.5% | 0.3% | 8.8% |
| 5 | Luxembourg | 6.5% | 5.4% | 0.0% | 1.1% |
| 6 | Switzerland | 5.6% | 2.6% | -2.0% | 5.0% |
| 7 | Ireland | 4.4% | 6.0% | -6.6% | 5.5% |
| 8 | Denmark | -0.9% | -1.5% | -4.8% | 5.6% |
| 9 | United States | -1.2% | -0.5% | -6.2% | 5.9% |
| 10 | Greece | -3.7% | -5.9% | 7.4% | -4.7% |
| 11 | Italy | -4.1% | 1.0% | -0.4% | -4.7% |
| 12 | Belgium | -4.1% | -0.8% |