The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Surveys

Country risk Sep 1996: Asia's economies start to slip

In Euromoney's semi-annual ranking of country creditworthiness, the winners are the emerging countries of east and central Europe. But south-east Asian economies and even Japan ­ are looking riskier, as debt ratios worsen and monetary instability spreads. Commentary by Rebecca Dobson.

For historical country risk data please visit the Euromoney Country risk website

 |  Global economic projections Methodology

The results look encouraging for eastern Europe and Latin America; they look worrying for Asia.

Every six months, Euromoney polls economists and political analysts for their views on the creditworthiness of almost 170 countries around the world. To that, we add an array of quantitative data, from debt ratios to access to capital markets (see detailed methodology). The result is a sensitive measure of the riskiness of investing in these economies.

This month's rating justifies the growing perception that Asia is become economically mature and more politically unstable. On average, the Asian countries have slipped in the ranking by 2.5 places. Political tensions explain the fall in Indonesia, down two places from March's ranking to 41. The recent run on the baht and concerns about a build-up in short-term debt are behind the four-place drop of Thailand to 30. Japan falls even further ­ from fourth to 12th ­ as its economy, which earlier in the year looked to be recovering, slides back into stagnation.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree