|
|
 |
|
Viewing report
|
|
|
|
2002 Defaults and Rating Transition Data Update for Rated Sovereigns Jan 03
Standard & Poors, Jan 2003
Abstract
Standard & Poor's Ratings Services has updated its data for sovereign rating performance and for sovereign defaults through the end of 2002. In general, the data continue to support the conclusions that: Sovereign ratings are robust predictors of default; Sovereign ratings are progressively more stable at higher rating levels; Upgrades and downgrades of sovereign ratings are balanced; and Sovereign ratings are no more volatile than other credit ratings. On March 31, 1999, Standard & Poor's published its first sovereign rating transition study for foreign currency ratings ('Sovereign Ratings Display Stability Over Two Decades,' published on RatingsDirect on April 5, 1999). The study has since been enhanced, expanded, and updated annually following the same methodology used for Standard & Poor's corporate...
Companies mentioned in this report are: Australia (Commonwealth of) (Unsolicited Ratings),Austria (Republic of),Canada,Denmark (Kingdom of),Norway (Kingdom of),Sweden (Kingdom of),Bolivarian Republic of Venezuela,Japan (Unsolicited Ratings),Germany (Federal Republic of) (Unsolicited Ratings),Belgium (Kingdom of) (Unsolicited Ratings),Swiss Confederation (Unsolicited Ratings),Greece (Hellenic Republic),China (People's Republic of ),Indonesia (Republic of),Argentina (Republic of) (Unsolicited Ratings),Russian Federation,Suriname (The Republic of)
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
|
|
|
|
