S&P Global Ratings publishes its Sovereign Ratings Score Snapshot every month. Our analysis of sovereign creditworthiness rests on our scoring of five key rating factors: (i) institutional assessment; (ii) economic assessment; (iii) external assessment; (iv) the average of fiscal flexibility and performance, and debt burden; and (v) monetary assessment. Each of the factors is assessed on a continuum spanning from 1 (strongest) to 6 (weakest). S&P Global Ratings' "Sovereign Rating Methodology," published Dec. 18, 2017, details how we derive and combine the scores, and then derive the sovereign foreign currency rating. Under S&P Global Ratings' sovereign rating methodology, a change in score does not in all cases lead to a change in the rating, nor is a change in the
