Euromoney Country Risk scores for African sovereigns are improving. Since the global financial crisis, African scores have risen from a post-crisis trough of 29 points in March 2010 to 32 points in December.
Improved scores for African countries in the qualitative section reflect robust forecasts of economic growth across the continent and the long-term trend towards democratic governance within many African nations.
In the quantitative section, the increased number of African sovereigns with credit ratings and improved sentiment towards African borrowers in international capital markets are boosting the scores of African countries. As a result, more of Africa is showing up as green in ECR’s heat map than ever before.
Yet sub-Saharan African (SSA) country risk scores remain far below the average for...
