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Sovereign Credit Ratings


Richard Cantor


Moody's Investors Service

Frank Packer


Bank for International Settlements (BIS)

Current Issues in Economics and Finance, Vol. 1, No. 3, June 1995

Abstract:     
Sovereign ratings are gaining importance as more governments with greater default risk borrow in international bond markets. But while the ratings have proved useful to governments seeking market access, the difficulty of assessing sovereign risk has led to agency disagreements and public controversy over specific rating assignments. Recognizing this difficulty, the financial markets have shown some skepticism toward sovereign ratings when pricing issues.

Number of Pages in PDF File: 6

Keywords: Sovereign ratings, default risk, International bond markets

JEL Classification: E44, F34

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Date posted: July 19, 2007  

Suggested Citation

Cantor, Richard Martin and Packer , Frank, Sovereign Credit Ratings. Current Issues in Economics and Finance, Vol. 1, No. 3, June 1995. Available at SSRN: http://ssrn.com/abstract=1001511

Contact Information

Richard Martin Cantor (Contact Author)
Moody's Investors Service ( email )
99 Church Street
New York, NY 10007
United States
Frank Packer
Bank for International Settlements (BIS) ( email )
CH-4002 Basel
Switzerland
4161 280 8449 (Phone)
Feedback to SSRN (Beta)


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