This paper presents the influence of country risk’s specialized evaluation on investment decision. Before making decisions about investment in a foreign country, multinational companies tend to anticipate all potential risks, which may occur in the host country. Country risk, as one of the most important risks facing international investors, can influence on the incomes of one cross-border investment and it has to be really evaluated. Much has been written recently about International Rating Agencies decision to downgrade their outlook rating for a lot of economies that were affected by the global crisis. So, the subject of discussion is what rating agencies do and how much they can influence the decisions of investors searching for investment opportunities on international frame.