Unless stated otherwise, figures in the charts for Germany refer to the territory of the Federal Republic before October 1990

a republic in central Europe; split into East German and West Germany after World War II and reunited in 1990

the large country that borders France to the northeast.

A2 Default probability is still weak even in the case when one country's political and economic environment or the payment record of companies is not as good as in A1-rated countries.

A country located in the heart of Europe that participated in World War II.

A large country to the east of Belgium, and best left there.

DFVLR Hauptabteillung Raumflugtrieb 8031 Oberpfaffenhofen Post Wessling, West Germany Tel 08-153 281

Germany ( ), officially the Federal Republic of Germany (, ), is a country in Western-Central Europe. It is bordered on the north by the North Sea, Denmark, and the Baltic Sea, on the east by Poland and the Czech Republic, on the south by Austria and Switzerland, and on the west by France, Luxembourg, Belgium and the Netherlands.