Default, Transition, and Recovery: 2014 Annual Sovereign Default Study And Rating Transitions - S&P Global Ratings’ Credit Research

Default, Transition, and Recovery: 2014 Annual Sovereign Default Study And Rating Transitions

Default, Transition, and Recovery: 2014 Annual Sovereign Default Study And Rating Transitions - S&P Global Ratings’ Credit Research
Default, Transition, and Recovery: 2014 Annual Sovereign Default Study And Rating Transitions
Published May 18, 2015
Published May 18, 2015
Price US$ 850.00  |  Buy this Report Now

About This Report

  
Abstract:

In 2014, one sovereign that Standard&Poor's Ratings Services rates defaulted: We lowered the foreign-currency sovereign credit rating on Argentina to 'SD' from 'CCC-' in July after it failed to make an interest payment. Of the 127 active sovereign ratings as of the beginning of 2014, we lowered 19 (including Argentina), raised 11, and withdrew two by the end of the year. Ratings on 95 sovereigns remained the same throughout 2014, and we assigned new ratings to three. This study is based on long-term sovereign credit ratings. The methodology tracks rating migrations over time and includes revisions to 'SD' (selective default). An 'SD' rating is more common for sovereign issuers than 'D', as defaulting sovereigns often continue to service

  
Report Type:

Commentary

Sector
Global Issuers, Public Finance, Structured Finance
Format:
PDF Adobe Acrobat
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Default, Transition, and Recovery: 2014 Annual Sovereign Default Study And Rating Transitions" May 18, 2015. Alacra Store. Mar 29, 2020. <http://www.alacrastore.com/s-and-p-credit-research/Default-Transition-and-Recovery-2014-Annual-Sovereign-Default-Study-And-Rating-Transitions-1399177>
  
APA:
S&P Global Ratings’ Credit Research. (). Default, Transition, and Recovery: 2014 Annual Sovereign Default Study And Rating Transitions May 18, 2015. New York, NY: Alacra Store. Retrieved Mar 29, 2020 from <http://www.alacrastore.com/s-and-p-credit-research/Default-Transition-and-Recovery-2014-Annual-Sovereign-Default-Study-And-Rating-Transitions-1399177>
  
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