ECR chart of the week: EU and CEE ECR scores en route to convergence over near decade

Matthew Turner
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Developed economies see rapid flux in risk score; emerging markets only moderate shifts, according to Euromoney Country Risk.

Fitch anticipates a gradual convergence between the ratings of developed and emerging sovereign issuers in 2013. It attributes this convergence to a downward pressure on developed markets’ sovereign creditworthiness rather than to improvements in emerging markets’ sovereign ratings. ECR data reveal this convergence has been happening for...