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The Comparison of Sovereign Ratings and Country Risk Classification according to the Arrangement on Officially Supported Export Credits
Vasická, Lucie ; Kalínská, Emílie (advisor) ; Sedláček, Milan (referee)
In the first chapter the paper is focused on sovereign rating, it describes the history and explains the basic characteristics in the context of its usual usage. In the second chapter the basics behind the Arrangement on Officially Supported Export Credits are explained. Because the main purpose of this paper is to compare sovereign rating and the country risk classification based on the Arrangement, the chapter focuses especially on the Knaepen Package that introduced country risk classification to the Arrangement. In the third chapter are sovereign ratings and county risk classifications compared on theoretical basis. There were used several different criteria, e.g. methodology of rating/classifying, time necessary for adjustment and criteria for evaluation. The last chapter is based on the case study that describes the changes of rating grades and country risk classification on examples of Visegrád Four - the Czech Republic, Hungary, Poland and Slovakia.

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