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March 2011 Country Credit Survey: Mideast Unrest, Western Debt Cloud Outlook

Sovereign creditworthiness improved slightly in the past six months, driven mainly by a rebound in ratings for the U.S. and much of Europe, but countries in the Middle East and North Africa are seeing their ratings plummet because of the unrest spawned by the political uprisings in Tunisia and Egypt.

The average credit rating of countries in the Middle East and North Africa remain unchanged in Institutional Investor’s semiannual Country Credit survey, at 55.6 on a scale of zero to 100, down a statistically insignificant 0.1 point from six months ago.

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