Sovereign risk assessment and agency credit ratings
Sovereign ratings are gaining importance as more governments with greater default risk borrow in international bond markets. However, while the ratings have proved useful to governments seeking market access, the difficulty of assessing sovereign risk has led to agency disagreements and public controversy over specific rating assignments. Recognising this difficulty, the financial markets have shown some scepticism toward sovereign ratings when pricing issues. Copyright Blackwell Publishers Ltd. 1996.
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Volume (Year): 2 (1996)
Issue (Month): 2 ()
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