The country risk map reflects the overall acceleration and improvement of the global economy. Yet there is much divergence among individual countries and specific economies. In the medium-term (grades AA to D) various macroeconomic, business environment and political risks have an effect. In the short-term (scale from 1 to 4) financial and cyclical elements play a crucial role. The map reflects all this with 3 country rating upgrades and 2 downgrades.
country-risk-q4-2017-map-dec17.pdf
