| Local currency debt | Foreign currency debt | ||
| Political stability | Yes | ||
| Fiscal policy flexibility | Yes | ||
| Ability to raise taxes | Yes | ||
| Willingness to pay debt (history of defaults) | Yes | ||
| Level of external debt | Yes | ||
| Level of exchange rate | Yes |
Monday, May 30, 2011
Local currency debt (relative to foreign currency debt)
Criteria established by rating agencies to assess sovereign debt:
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment