Russia's Risks are Up, but Still Vastly Outperforming Ukraine's
Earlier today I tweeted about the drop in the drop in the credit risk score for Russia in the Euromoney Country Risk survey. As always, one has to look at the scores in both time series context and comparative to the peer economies.
Here is the Russian score in time series context:
It is worth noting that Russian score has declines rather steadily over time, but remains well ahead the regional average for the Eastern and Central Europe. Part of Russian score decline is driven by the ECE trend, but part is idiosyncratic.
Here are the main components of the score and the direction:
The sea of read arrows is what is of greater concern - scores dropping across all categories surveyed except one: debt indicators.......MUCH MORE
