The global economic and financial crisis has triggered a major reordering of sovereign creditworthiness, with credit ratings falling sharply for debt-burdened European countries and rising substantially for most leading emerging markets countries, according to Institutional Investor’s annual Country Credit Survey.
2010 Country Credit Survey Shows Emerging Market Gains, European Declines
The global economic and financial crisis has triggered a major reordering of sovereign creditworthiness.
September 8, 2010
Euro notes and a U.S. one dollar bill are arranged for a photograph in London, U.K., on Wednesday, Feb. 24, 2010. The euro fell to a one-year low against the yen on speculation Greece's credit rating will be downgraded as the country struggles to push through fiscal cuts demanded by the European Union. Photographer: Chris Ratcliffe/Bloomberg
Chris Ratcliffe/Bloomberg
