Have Your National Debt Rated! [All Claims Updated]

[New Azura]

The Commonwealth of the Industrial Republics has been issued the following rating:

AA

You may appeal to Ixia & Mead for an in-depth explanation of our decision at your request.

I apologize for the late reply, but can I get an explanation of my rating?

The Federation of Des-Bal has been issued the following rating:

AA

You may appeal to Ixia & Mead for an in-depth explanation of our decision at your request.

We'd like to appeal to see the reasoning behind this.

The Republic of Britarvia has been issued the following rating:

AAA

You may appeal to Ixia & Mead for an in-depth explanation of our decision at your request.

If I may ask, why did I get this credit Rating?

The Socialist People's Republic of Thurask has been issued the following rating:

AA

You may appeal to Ixia & Mead for an in-depth explanation of our decision at your request.

An explanation would be nice.

The Empire of the Earth Sphere Coalition has been issued the following rating:

AA
You may appeal to Ixia & Mead for an in-depth explanation of our decision at your request.

May I ask why I received a AA rating?

Explanation for Assigned Credit Ratings:
All ratings issued by Ixia & Mead are given on behalf of creditors and investors whom are seeking lucrative, safe investment opportunities in the field of international securities. Our responsibility lies with potential investors, not the individual nations whom our bureau accredits. All accreditation functions are a representation of the value of the investment, though speculation is unavoidable when considering potential political instability, inflation, unemployment rates, and the progressive economic outlook for all credited nations. Gross domestic product totals, trends of generated revenue versus expenditures, unemployment rates, consumption totals, trade surpluses, and the currency exchange rate were all taken into consideration in the meting out of credit ratings.

[New Azura]

Application for Credit Rating Assessment:
Nation's NS Account Name: Darastrix
Nation's IC (Roleplaying) Name:His Royal Majesties Ambassador Sir Uther of Darastrix
Nation's Leader (Name & Title):His Royal Majesty King William I

Do you follow your NS Account's Statistics?
[ x] Yes, We Do -or- [ ] No, We Do Not

Our Economy has improved, please re-evaluate our rating.

Official Statement to Sir Uther of Darastrix
Credit ratings are valid through a two year period, from the time of issuance unto a reevaluation is automatically given. We cannot reevaluate every credit assessment on such short notice for fear of overwhelming the system. Your reevaluation will take place in its scheduled time period.

[Ferkas]

Application for Credit Rating Assessment:
Nation's NS Account Name: Ferkas
Nation's IC (Roleplaying) Name: Chancellery Kingdom of Ferkas
Nation's Leader (Name & Title): Lord High Chancellor Maximilian Percival Frederick

Do you follow your NS Account's Statistics?
[X ] Yes, We Do -or- [ ] No, We Do Not

[Knootoss]

Application for Credit Rating Assessment:
Nation's NS Account Name: Knootoss
Nation's IC (Roleplaying) Name: Knootoss
Nation's Leader (Name & Title): Grand Pensionary Jan Willem Daatman

Do you follow your NS Account's Statistics?
[X] Yes, We Do -or- [ ] No, We Do Not

IMPORTANT NOTE: NS Account statistics are used as a guideline, especially when establishing statistics relative to other nations. Relative sizes, for example. I recognise the NS Nation statistics are an exaggeration in many respects. Absolute numbers should not be taken literally.

Relevant financial issues:

National Competitiveness: Knootoss has competitive private sector, as evidenced by the number of trophies. It is in the top 1% of the world for fastest growing economies, top 1% for lowest unemployment rates, and top 1% for largest <insert every industrial sector measured by the game here>. In all these respects it is also the strongest and most dynamic regional economy. The country is in the top 5% of the world for lowest tax burden and the top 10% of the world for being the most pro-market.

Tax base: The national consumer base and labour pool are vast. The nation ranks amongst the top 1% highest populations in the world, with a population of 17.723 billion. Knootoss also has amongst the top 1% smartest and most educated citizens. There are no constitutional, legal, social or political impediments against tax increases or austerity policies, should the need for such policies arise.

Deficit spending : The country has a history of moderate deficit spending, governed by strict accounting rules. Deficit spending, excluding certain 'automatic stabilisers' in the event of a severe crisis, may never exceed 3% of GDP. Times of deficit spending must be offset by austerity in the medium term. Budget agreements and coalition accords usually contain formula's to prescribe automatic cuts, usually within the area where cost overruns have taken place. A PAYGO-like rule mandates that all new or proposed financing expenditures are covered by funds that are available in the budget, rather than borrowed. Parliamentary legislation that pertains to the economy also includes such offsets.

Potential Exposures

• Knootoss has historically had very low national debts. However, a highly expensive war in Iesus Christi has forced the government to increase defence spending in order to cover operational expenses. As a result, the national debt now approaches 50% of GDP. Domestic financial experts consider this level of debt to be entirely manageable however, particularly as the war ended last week, and these operational costs are not going to be a part of the next budget cycle.
• Knootoss' private sector has a large financial component, including hedge funds and derivatives trading. The governments' willingness to bail out these financial institutions is untested. Banks, particularly those with a 'systemic function', are thought to be more insulated from exposure to such trading.
• Knootian life-expectancy is extremely low, considering it's stage of development. A positive side-effect of poor national health is a pension system that has very few liabilities, as the retirement age is higher than the average life-expectancy for men. Unfortunately, private pension funds are highly exposed to trading risks, and the government has so far refused to bail them out. As a result of some bad trades, pension funds have been forced to increase premiums.
• The government has an expensive "insurance" system of export guarantees, compensating Knootian businesses for losses abroad as a result of "adverse trading practices". This commitment to creating a level playing field for its export system might become unaffordable in the event of a global downturn.
• Knootoss has recently abandoned the euro, and has issued its own place-holder currency. A new Knootian currency, when traded, is expected to appreciate by up to 20%. Potentially, a Knootian currency is the strongest currency in the Western Atlantic region. The government has made an explicit guarantee that all debts, foreign and domestic, will be honoured.
• A regional currency, an "Atlantic Ducat", built around the axis of Knootoss and Pantocratoria, is being discussed. Such a currency union could become a regional reserve currency.

[New Azura]

Application for Credit Rating Assessment:
Nation's NS Account Name: Knootoss
Nation's IC (Roleplaying) Name: Knootoss
Nation's Leader (Name & Title): Grand Pensionary Jan Willem Daatman

Do you follow your NS Account's Statistics?
[X] Yes, We Do -or- [ ] No, We Do Not

IMPORTANT NOTE: NS Account statistics are used as a guideline, especially when establishing statistics relative to other nations. Relative sizes, for example. I recognise the NS Nation statistics are an exaggeration in many respects. Absolute numbers should not be taken literally.

Relevant financial issues:

National Competitiveness: Knootoss has competitive private sector, as evidenced by the number of trophies. It is in the top 1% of the world for fastest growing economies, top 1% for lowest unemployment rates, and top 1% for largest <insert every industrial sector measured by the game here>. In all these respects it is also the strongest and most dynamic regional economy. The country is in the top 5% of the world for lowest tax burden and the top 10% of the world for being the most pro-market.

Tax base: The national consumer base and labour pool are vast. The nation ranks amongst the top 1% highest populations in the world, with a population of 17.723 billion. Knootoss also has amongst the top 1% smartest and most educated citizens. There are no constitutional, legal, social or political impediments against tax increases or austerity policies, should the need for such policies arise.

Deficit spending : The country has a history of moderate deficit spending, governed by strict accounting rules. Deficit spending, excluding certain 'automatic stabilisers' in the event of a severe crisis, may never exceed 3% of GDP. Times of deficit spending must be offset by austerity in the medium term. Budget agreements and coalition accords usually contain formula's to prescribe automatic cuts, usually within the area where cost overruns have taken place. A PAYGO-like rule mandates that all new or proposed financing expenditures are covered by funds that are available in the budget, rather than borrowed. Parliamentary legislation that pertains to the economy also includes such offsets.

Potential Exposures

• Knootoss has historically had very low national debts. However, a highly expensive war in Iesus Christi has forced the government to increase defence spending in order to cover operational expenses. As a result, the national debt now approaches 50% of GDP. Domestic financial experts consider this level of debt to be entirely manageable however, particularly as the war ended last week, and these operational costs are not going to be a part of the next budget cycle.
• Knootoss' private sector has a large financial component, including hedge funds and derivatives trading. The governments' willingness to bail out these financial institutions is untested. Banks, particularly those with a 'systemic function', are thought to be more insulated from exposure to such trading.
• Knootian life-expectancy is extremely low, considering it's stage of development. A positive side-effect of poor national health is a pension system that has very few liabilities, as the retirement age is higher than the average life-expectancy for men. Unfortunately, private pension funds are highly exposed to trading risks, and the government has so far refused to bail them out. As a result of some bad trades, pension funds have been forced to increase premiums.
• The government has an expensive "insurance" system of export guarantees, compensating Knootian businesses for losses abroad as a result of "adverse trading practices". This commitment to creating a level playing field for its export system might become unaffordable in the event of a global downturn.
• Knootoss has recently abandoned the euro, and has issued its own place-holder currency. A new Knootian currency, when traded, is expected to appreciate by up to 20%. Potentially, a Knootian currency is the strongest currency in the Western Atlantic region. The government has made an explicit guarantee that all debts, foreign and domestic, will be honoured.
• A regional currency, an "Atlantic Ducat", built around the axis of Knootoss and Pantocratoria, is being discussed. Such a currency union could become a regional reserve currency.

Knootoss has been issued the following rating:

AAA

You may appeal to Ixia & Mead for an in-depth explanation of our decision at your request.

[New Azura]

Application for Credit Rating Assessment:
Nation's NS Account Name: Ferkas
Nation's IC (Roleplaying) Name: Chancellery Kingdom of Ferkas
Nation's Leader (Name & Title): Lord High Chancellor Maximilian Percival Frederick

Do you follow your NS Account's Statistics?
[X ] Yes, We Do -or- [ ] No, We Do Not

The Chancellery Kingdom of Ferkas has been issued the following rating:

AA+

You may appeal to Ixia & Mead for an in-depth explanation of our decision at your request.

[Gothicta]

Nation's NS Account Name: Gothicta
Nation's IC (Roleplaying) Name: Gothicta
Nation's Leader (Name & Title): His Imperial Majesty, Dimitri Borischenko I, Emperor Regnant of the Grand Empire of Gothicta (Head of State) and His Excellency, Mikhail Lewinsky, Grand Chancellor of the Grand Empire of Gothicta (Head of Government)

Do you follow your NS Account's Statistics?
[X] Yes, We Do -or- [ ] No, We Do Not

[Venetoland]

Thank you for your rating! Please contextualize my rating, tips to improve it.

[Millueon]

Nation's NS Account Name: Millueon
Nation's IC (Roleplaying) Name: Jacques Torance
Nation's Leader (Name & Title): President Jacques Torance...

Do you follow your NS Account's Statistics?
[X] Yes, We Do -or- [ ] No, We Do Not

[Realtas]

The Bleaklands of Realtas would like to lodge and inquiry as to why we attained AA+ rating.

[Of the Quendi]

Application for Credit Rating Assessment:
Nation's NS Account Name: Of the Quendi
Nation's IC (Roleplaying) Name: The Most Serene People's Empire of the Quendi Nation and the Greater Amanitte State (alternatively but discouraged: the Unified Quendi State)
Nation's Leader (Name & Title): Sola Populi

Do you follow your NS Account's Statistics?
[ ] Yes, We Do -or- [X] No, We Do Not

If you answered NO, please fill out the following:
Gross Domestic Product: 174,950,000,000,000 USD
GDP Per Capita: 50,000 USD
Annual Government Budget Amount - 2000: 15,764,858,931,662 USD
Annual Government Budget Amount - 2005: 19,023,021,322,612 USD
Annual Government Budget Amount - 2010: 22,429,872,453,256 USD
Annual Tax Revenue Amount - 2000: 0 USD (the state does not relly on taxation for its revenue but obtain its income through state owned corporations and other untraditional sources. The state revenue for 2000 was 15,907,237,827,304 USD)
Annual Tax Revenue Amount - 2005: 0 USD (State revenue was 20,845,021,238,263 USD)
Annual Tax Revenue Amount - 2010: 0 USD (State revenue was 23,103,638,923,274 USD)

[Domiconia]

Application for Credit Rating Assessment:
Nation's NS Account Name: Domiconia
Nation's IC (Roleplaying) Name: The Republic of Domiconia
Nation's Leader (Name & Title): Charles Lloyd, Prime minister and guardian of the republic

Do you follow your NS Account's Statistics?
[X] Yes, We Do -or- [ ] No, We Do Not

[Exogenous Imperium]

Application for Credit Rating Assessment:
Nation's NS Account Name: Exogenous Imperium
Nation's IC (Roleplaying) Name: The Empire of Exogenous Imperium
Nation's Leader (Name & Title): Premier James

Do you follow your NS Account's Statistics?
[X] Yes, We Do -or- [ ] No, We Do Not

[Estrimbaal]

Application for Credit Rating Assessment:
Nation's NS Account Name:Estrimbaal
Nation's IC (Roleplaying) Name:The Holy Empire of Estrimbaal
Nation's Leader (Name & Title):Solarios II, Holy Emperor of Estrimbaal & etc.

Do you follow your NS Account's Statistics?
[x] Yes, We Do -or- [ ] No, We Do Not

[Alkoul]

Application for Credit Rating Assessment:
Nation's NS Account Name: The Royal Kingdom of Alkoul
Nation's IC (Roleplaying) Name: Alkoul
Nation's Leader (Name & Title):
Head of State: Queen Kelly
head of gov. Prime Minister Hidenwroth

Do you follow your NS Account's Statistics?
[ ] Yes, We Do -or- [X ] No, We Do Not

If you answered NO, please fill out the following:
Gross Domestic Product: 857.8 billion
GDP Per Capita:$56,145
Annual Government Budget Amount - 2000: 38.7 billion
Annual Government Budget Amount - 2005: 36.89 b
Annual Government Budget Amount - 2010: 37.56
Annual Tax Revenue Amount - 2000: 36.9 b
Annual Tax Revenue Amount - 2005: 37.1 b
Annual Tax Revenue Amount - 2010: 37.2 b

[Hippostania]

Application for Credit Rating Assessment:
Nation's NS Account Name: Hippostania
Nation's IC (Roleplaying) Name: Pony Republic of Hippostania
Nation's Leader (Name & Title): High Chancellor Toffee (head of state) and Parliamentary Chancellor Lyra (head of government)

Do you follow your NS Account's Statistics?
[ ] Yes, We Do -or- [X] No, We Do Not (I RP with a population of 276 million)

If you answered NO, please fill out the following:
Gross Domestic Product: 15,012,020,000,000 USD (15 trillion)
GDP Per Capita: 54,391 USD (note that the wealth is distributed very unevenly)
Annual Government Budget Amount - 2000: 1,78 trillion
Annual Government Budget Amount - 2005: 1,65 trillion
Annual Government Budget Amount - 2010: 1,39 trillion (we're privatizing a lot of stuff like our health care and we don't have social security at all. That's why we're spending less and less)
Annual Tax Revenue Amount - 2000: 2,21 trillion
Annual Tax Revenue Amount - 2005: 2,16 trillion
Annual Tax Revenue Amount - 2010: 2,01 trillion (since we're privatizing almost everything, we have lowered the taxes a lot)

[Delaclava]

Nation's NS Account Name: Delaclava
Nation's IC (Roleplaying) Name: Delaclava
Nation's Leader (Name & Title): President Vaoco Schneider

Do you follow your NS Account's Statistics?
[X] Yes, We Do -or- [ ] No, We Do Not

[Salvarity]

Application for Credit Rating Assessment:
Nation's NS Account Name: The Suicidal Union of Salvarity or Salvarity for Short
Nation's IC (Roleplaying) Name: The Federal United Socialist Provinces of Salvarity
Nation's Leader (Name & Title): Prime Minister Lance Nagala

Do you follow your NS Account's Statistics?
[] Yes, We Do -or- [X] No, We Do Not

If you answered NO, please fill out the following:
Gross Domestic Product: 7 Trillion
GDP Per Capita: 32000
Annual Government Budget Amount - 2000: 500 Billion
Annual Government Budget Amount - 2005: 750 Billion
Annual Government Budget Amount - 2010: 2 Trillion
Annual Tax Revenue Amount - 2000: 450 Billion
Annual Tax Revenue Amount - 2005: 700 Billion
Annual Tax Revenue Amount - 2010: 1.5 Trillion


OOC: NS Account is the page you see when you sign in right

Were a Socialist Country so our GDP will be lower than most

[Maeksa]

Application for Credit Rating Assessment:
Nation's NS Account Name: Maeksa
Nation's IC (Roleplaying) Name: Federal Republic of Maeksa
Nation's Leader (Name & Title): President and Führer of 'Rus Maeksan peoples Frederick Alston

Do you follow your NS Account's Statistics?
[X] Yes, We Do -or- [ ] No, We Do Not

[Soviet Canuckistan]

how did my nation get CC+

[Sarzonia]

Nation's NS Account Name: Sarzonia
Nation's IC (Roleplaying) Name: Sarzonia
Nation's Leader (Name & Title): President Jay Tyler/Lieutenant President Nicole Lewis

Do you follow your NS Account's Statistics?
[X] Yes, We Do -or- [ ] No, We Do Not

[Tevrak]

Application for Credit Rating Assessment:
Nation's NS Account Name:
Tevrak
Nation's IC (Roleplaying) Name:
The Federation of Tev'rak
Nation's Leader (Name & Title):
High Chancellor Serranstivlen

Do you follow your NS Account's Statistics?
[X] Yes, We Do -or- [ ] No, We Do Not

[Western Averi]

Nation's NS Account Name: Western Averi
Nation's IC (Roleplaying) Name: Free Kingdom of Averi
Nation's Leader (Name & Title): His Royal Majesty King Richard Lancaster IV
Do you follow your NS Account's Statistics?[ ] Yes, We Do -or- [X] No, We Do Not
If you answered NO, please fill out the following:
Gross Domestic Product: 23,487,611,873,243.21
GDP Per Capita: 12,456
Annual Government Budget Amount - 2000: 24,600,000
Annual Government Budget Amount - 2005: 22,500,456.17
Annual Government Budget Amount - 2007: 20,432,900
Annual Tax Revenue Amount - 2000: 23,500,000
Annual Tax Revenue Amount - 2005: 23,867,452
Annual Tax Revenue Amount - 2007: 24,560,500

Changed last year to 2007 because that's the highest my nation has been ICly.

[Zaras]

Nation's NS Account Name: Zaras
Nation's IC (Roleplaying) Name: The Free City of Zaras
Nation's Leader (Name & Title): Mayor Shaheen Muhammad
Do you follow your NS Account's Statistics? [X] Yes, We Do -or- [ ] No, We Do Not

(OOC: I'm RP'ing a different economy than my statistics indicate, but I'd still like to see the result.)

[ImperialistSalvia]

Nation's NS Account Name: ImperialistSalvia
Nation's IC (Roleplaying) Name: The Omniscient Communist Empire of Salvia
Nation's Leader (Name & Title): His Emperor (We dare not call him by his name)

Do you follow your NS Account's Statistics?
[✓] Yes, We Do -or- [ ] No, We Do Not