Canuto, Otaviano; Mohapatra, Sanket; Ratha, Dilip - In: World Bank - Economic Premise (2011) 63, pp. 1-6
Sovereign ratings are a necessary condition for countries to fully access international capital. Even if the sovereign government is not issuing bonds, the sovereign rating often acts as a ceiling for the private sector and can influence its international capital market access. However, 58...