Table 5.

Credit country rank effect.

N	686	548
-$\sum \text{X}$	30016	15249
-Mean	43.76	27.83
-$\sum {\text{X}}^2$	1834620	806965
Variance	760.97	699.52
Std.Dev.	27.58	26.45
Std.Err.	1.06	1.13

Source: Author calculation, Thomson Reuters.