Sovereign Risk Analysis is a two-day, facilitated course that introduces participants to an
in-depth process for analyzing sovereign credit risk.
It begins by exploring the economic data that underpins the analysis, the potential causes
of stress, and issues around timely and accurate data reporting. Participants then examine
causes of sovereign default and analyze recent defaults to understand their causes. They
next consider the impact of external support, focusing on the role of the International
Monetary Fund and other providers of sovereign support.
They then learn how Moody’s Investors Service, Moody’s Analytics’ sister company, uses
available data to develop its sovereign rating methodology. Participants consider the
aftermath of a default, including the restructuring of sovereign debt and the losses taken
by investors in default. The course concludes with an examination of local and foreign
currency ceilings.
Case studies are woven throughout the course, in order to bring concepts to life.