Sovereign Credit Ratings Criteria. The evaluation of credit risk and all other relevant risks associated with the multitude of borrowers on world debt markets requires a structured approach to international risk assessment. Use Standard and Poor’s criteria, described in depth on their Web page, to differentiate the various risks (local currency risk, default risk, currency risk, transfer risk, etc.) contained in major sovereign ratings worldwide. (You may need to complete a free login for this site.)

Standard and Poor’s www.standardandpoors.com/

ratings/sovereigns/ratings-list/en/