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Sovereign Risk Ceilings: Rethinking Credit Assessment Through Risk Disaggregation
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Financing Climate & Sustainable Development / Report

Sovereign Risk Ceilings: Rethinking Credit Assessment Through Risk Disaggregation

Diagnosing how the sovereign ceiling functions as a simplifying shortcut that can obscure meaningful differences across borrowers, and proposing an alternative credit rating approach based on disaggregating sovereign risk into specific transmission channels.

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FDI Perspective No. 271: “The Regional Comprehensive Economic Partnership’s investment chapter: One step forward, two steps back?,” by Julien Chaisse

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The Regional Comprehensive Economic Partnership was concluded in November 2019. This Perspective explains that many commitments will be made in the texts, so the final agreement should be viewed as a framework rather than the last word on the topic. Like ASEAN+1 FTAs, RCEP will include a built-in agenda.

A translation in Mandarin is also available via the “Download Resources” button.

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