Author: The Editorial Team

The global sovereign outlook for 2015 is broadly stable – a change from the diverse global trends seen in recent years, according to Moody’s 2015 Outlook: Global Sovereigns.  The financial crisis and the sovereign debt crisis laid bare weaknesses in the credit quality of euro area sovereigns which resulted in widespread downgrades. In contrast, the economic benefits derived from the ‘commodities supercycle’ allied with structural and institutional reforms allowed material credit improvements (and consequently rating…