Sovereign credit rating : questionable methodologies

1. Introduction to the book -- 2. General sample and general methodology -- 3. Sovereign credit universe -- 4. Macroeconomic environment of sovereign default -- 5. The history of sovereign ratings and the emergence of the three major sovereign credit agencies -- 6. Agencies' methodology for sovereign default assessment -- 7. Testing the accuracy of agencies' approach to assessing sovereign worthiness -- 8. Subjectivity and asymmetry, why accuracy in sovereign ratings should not be expected -- 9. Disclosure and transparency, the quest of accuracy in the sovereign ratings -- 10. Concluding remarks, sovereign creditworthiness accuracy.