Sovereign credit risk is important: not only do changes in government borrowing rates affect public funding, these same rates impact investment portfolios broadly. Sovereign risks serve as fundamental inputs to the analysis of most entities, especially corporate and financials.
Sovereign credit risk is typically driven by country-specific factors, like the current situation in Venezuela, although sometimes it may affect an entire region, as in the 2011 Eurozone funding crisis.
Recently changes in globalization and trade arrangements are having a profound effect on Sovereign risks in a number of regions. Economic alliances, trade flows, and supply chains are changing or breaking down, and new patterns are emerging, with winners and losers.
In this whitepaper, we look at data from Credit Benchmark that shows the overall environment for Sovereign credit is increasingly dynamic and volatile.
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In the current low yield environment, many Sovereign bonds issued by different countries are priced at similar levels. However, this Read more
Credit Benchmark is a market-led response to three of the most critical issues facing credit risk professionals: 1) The need to Read more
This paper examines the use cases for Credit Benchmark’s Consensus Probabilities of Default (Consensus PDs), in the context of more Read more
The Basel Committee on Banking Supervision recently published wide-reaching proposals for reducing variation in Credit Risk Weighted Assets, with a Read more
