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Preface Chapter 1: Introduction to the Book Chapter 2: General Sample and General Methodology Chapter 3: Sovereign Credit Universe Chapter 4: Macroeconomic Environment of Sovereign Default Chapter 5: The History of Sovereign Ratings and the Eergence of the Three Major Sovereign Credit Agencies Chapter 6: Agencies Methodology to Sovereign Default Assessment Chapter 7: Testing the Accuracy of Agencies’ Approach to Assessing Sovereign Worthiness Chapter 8: Subjectivity and Asymmetry, Why Accuracy in Sovereign Ratings Should Not Be Expected Chapter 9: Disclosure and Transparency, the Quest of Accuracy in the Sovereign Ratings Chapter 10: Concluding Remarks, Sovereign Creditworthiness Accuracy Data Appendices A-C |