How do rating agencies assess countries?

How do rating agencies assess countries?
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First Published: Fri, Mar 12 2010. 01 05 PM IST
Updated: Fri, Mar 12 2010. 01 05 PM IST
Earlier this week, Mint reported that the Indian government’s fiscal policy would have a direct bearing on India’s sovereign rating, and it is to this subject that we peg our podcast today.
What precisely does a sovereign rating assess about a country? How is it determined? What are the challenges in assessing a country’s rating as compared to a company’s? And how, if at all, does a country’s sovereign rating assess the companies within that country?
Our guest on the show today is Renu Kohli, who used to work with the Reserve Bank of India and the International Monetary Fund, and who is now an independent consultant.
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First Published: Fri, Mar 12 2010. 01 05 PM IST