Final Ranking
| Rk | Team |
|---|---|
| 1 | Estonia |
| 2 | Spain |
| 3 | Yugoslavia |
| 4 | Romania |
| 5 | South Africa |
| 6 | Iceland |
| 7 | Mexico |
| 8 | Bulgaria |
Due to a restructured playing format of future IIHF World U20 Championships teams ranked 1 to 8 promote to 2003 IIHF World U20 Championship Div II which will consist of 12 teams in two groups.