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

By:
Matthew Turner
Published on:

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...