This paper focuses on analyzing the correlation between corporate and country rating. Is there an impact from the part of the sovereign risk towards the company financial and economical performance? Can this impact be differentiated according to emerging and developed countries? If yes, can it be quantified? Does the sovereign ceiling continue to be an outstanding theory? These are the main questions this article proposes to offer an answer to. A case study using the financials of 150 companies activating in various fields has been performed in order to highlight out the correlation between the two variables.
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