Political Risk, Economic Risk and Financial Risk

Text

* Political Risk, Economic Risk and Financial Risk

Tables

* Critical factors in Institutional Investor's Country Risk Ratings
* Critical factors in the ICRG Rating System
* ICRG risk categories (not available)
* Specific factors included in country ratings
* Primary components of country ratings
* Comparison of sovereign country ratings and other risk attributes
* Summary analysis of country risk measures
* Correlation of risk measures
* Persistence of risk measures
* Correlation between average risk measures and price moments
* Predicting changes in risk attributes
* Country risk portfolio strategy - Equally weighted portfolios
* Country risk portfolio strategy - Capitalization weighted portfolios
* Cross-section time-series importance of country risk attributes
* The relation between fundamental variables and risk attributes
* Incremental contribution of country risk attributes
* Cross-sectional regression results
* Countries in cross-sectional regressions
* Cross-sectional regression analysis

Graphs

* Graphs of Political Risk, Economic Risk and Financial Risk for 117 countries

Risk Rating Comparisons

* Institutional Investor vs. S&P and Moody's
* ICRG vs. S&P
* ICRG vs. Moody's

Analysis of average risk ratings

* Equally weighted average ratings for developed markets
* Equally weighted average ratings for emerging markets
* Equally weighted average ratings for all markets

Analysis of changes in risk ratings

* Institutional Investor country credit rating
* ICRG composite rating
* ICRG political rating
* ICRG financial rating
* ICRG economic rating

Risk exposure to world market portfolio and country risk ratings

* Beta vs. Institutional Investor country credit rating
* Beta vs. ICRG composite rating
* Beta vs. ICRG political rating
* Beta vs. ICRG financial rating
* Beta vs. ICRG economic rating

Composition of country risk rating change portfolios

* Institutional Investor country credit rating
* ICRG composite rating
* ICRG political rating
* ICRG financial rating
* ICRG economic rating

Semi-annual cross-sectional regression slopes

* Institutional Investor country credit rating
* ICRG composite rating
* ICRG political rating
* ICRG financial rating
* ICRG economic rating

Appendices

* Comparison of country rating services



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