ECR survey results Q2 2017: Russia, India, rest of Asia back on radar; Portugal most improved

Euromoney’s latest Country Risk Survey shows a gradual rebalancing of risk scores this year, as the aftershocks of the global banking and sovereign debt crises wear off, political risks tied to the European electoral cycle fade, and capital access improves for EMs.

In total, 80 of the 186 countries surveyed by Euromoney have been downgraded for the year so far, but 79 are upgraded with the remainder unchanged.

Leading the improvement is Portugal, gaining almost four points this year, and climbing nine places in Euromoney’s global risk rankings, with the economy recovering smartly.

The average global risk score for 186 countries in the survey has fallen slightly to its lowest level since Q3 2014, but generally investor risk has stabilised since the global financial turmoil in 2007/08 and the sovereign debt crisis of 2010.