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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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Lise Johnson specializes in international investment law and policy, and focuses on how it impacts sustainable development outcomes. She serves as Counsel at Curtis, Mallet-Prevost, Colt & Mosle LLP. From 2012 to 2021, she headed the Columbia Center on Sustainable Investment’s work on investment law and policy. Her work at CCSI centered on analyzing the contractual, legislative, and international legal frameworks governing international investment, and shaping the impacts that those investments have on sustainable development objectives. She has a B.A. from Yale University, J.D. from University of Arizona, LL.M. from Columbia Law School, and is admitted to the bar in California.

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