Publication: Shadow Sovereign Ratings
Date
2011-08
ISSN
Published
2011-08
Author(s)
Abstract
Sovereign ratings are a necessary
condition for countries to fully access international
capital. Even if the sovereign government is not issuing
bonds, the sovereign rating often acts as a
'ceiling' for the private sector and can influence
its international capital market access. However, 58
developing countries are still not rated by Standard and
Poor's, Moody's, and Fitch, the three
international credit rating agencies. This premise presents
an exercise to predict 'shadow' sovereign ratings
to estimate where unrated countries will lie on the credit
spectrum if they were rated. Contrary to popular perception,
unrated countries are not necessarily at the bottom of the
rating spectrum.
Link to Data Set
Citation
“Canuto, Otaviano; Mohapatra, Sanket; Ratha, Dilip. 2011. Shadow Sovereign Ratings. Economic Premise; No. 63. © World Bank, Washington, DC. http://hdl.handle.net/10986/10080 License: CC BY 3.0 IGO.”