Sovereign Ratings List - S&P Global Ratings’ Credit Research

Sovereign Ratings List

Sovereign Ratings List - S&P Global Ratings’ Credit Research
Sovereign Ratings List
Published Feb 10, 2020
7 pages (2942 words) — Published Feb 10, 2020
Price US$ 600.00  |  Buy this Report Now

About This Report

  
Abstract:

As of Jan. 31, 2020, S&P Global Ratings rates 135 sovereign governments and has established transfer and convertibility (T&C) assessments for each country with a rated sovereign, as shown in the table below. A T&C assessment is the rating associated with the likelihood of the sovereign restricting nonsovereign access to foreign exchange needed for debt service. For most countries, S&P Global Ratings' analysis concludes that this risk is less than the risk of sovereign default on foreign-currency obligations; thus, most T&C assessments exceed the sovereign foreign currency rating. Foreign currency ratings of nonsovereign entities or transactions generally can be as high as the T&C assessment if their stress-tested operating and financial characteristics support the higher rating. If a sovereign, through

  
Brief Excerpt:

...*These T&C assessments are for countries that are either members of monetary or currency unions or use as their local currency the currency of another sovereign. Because of this, the assessment shown is based on S&P Global Ratings' analysis of either the monetary authority of the monetary/currency union or the sovereign issuing the currency. Thus, for European Economic and Monetary Union (EMU) members (Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Luxembourg, Malta, Netherlands, Portugal, Slovak Republic, Slovenia, and Spain), the T&C assessments reflect our view of the likelihood of the European Central Bank restricting nonsovereign access to foreign exchange needed for debt service. Similarly, the T&C assessments for countries with rated sovereigns in the Eastern Caribbean Currency Union (Montserrat) reflect the current and projected policies of the Eastern Caribbean Central Bank. Likewise, the T&C assessments for countries with rated sovereigns...

  
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. "Sovereign Ratings List" Feb 10, 2020. Alacra Store. Sep 29, 2020. <http://www.alacrastore.com/s-and-p-credit-research/Sovereign-Ratings-List-2379861>
  
APA:
S&P Global Ratings’ Credit Research. (). Sovereign Ratings List Feb 10, 2020. New York, NY: Alacra Store. Retrieved Sep 29, 2020 from <http://www.alacrastore.com/s-and-p-credit-research/Sovereign-Ratings-List-2379861>
  
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