KBRA Releases Macro-Market Research: Sovereign Liquidity is King

NEW YORK--()--The current turmoil across several emerging markets reminds us of the importance of liquidity in evaluating sovereign credit risk, just as it has a prominent role in assessing the credit risk of all other asset classes. Kroll Bond Rating Agency’s (KBRA) approach to rating sovereigns explicitly emphasizes liquidity risks and recognizes the importance of access to liquidity in stabilizing an economy. Sovereigns have extraordinary sources of liquidity from official and bilateral creditors, and some through their diaspora communities. Recent developments in economies such as Argentina and Turkey provide examples of the role played by liquidity in influencing sovereign risk.

To access the full report, click here.

CONNECT WITH KBRA
Twitter
LinkedIn
Download the iOS App
YouTube

About KBRA and KBRA Europe

Kroll Bond Rating Agency, Inc. is a full service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, Kroll Bond Rating Agency, Inc. is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.

Contacts

Analytical:
Kroll Bond Rating Agency
Joan Feldbaum-Vidra, +1-646-731-2362
Managing Director
jfeldbaumvidra@kbra.com
or
Alan Madden, +353-1-907-9206
Director
amadden@kbra.com

Contacts

Analytical:
Kroll Bond Rating Agency
Joan Feldbaum-Vidra, +1-646-731-2362
Managing Director
jfeldbaumvidra@kbra.com
or
Alan Madden, +353-1-907-9206
Director
amadden@kbra.com