Abstract
<jats:p>The study guide “Methodologies for Assessing Sovereign Creditworthiness” focuses on the specific methodologies employed by the international rating agencies Moody’s and S&P Global to assess the probability of default by sovereign borrowers to private creditors. This publication supplements the textbook “Country Risks”, which examined fundamental concepts, sources, factors, and approaches to risk analysis, as well as the rating methodologies of the Russian agencies ACRA and Expert RA, and the international agency Fitch Ratings. Sovereign ratings serve as a key indicator of the level of country risk, with their primary objective being to forecast a state’s ability to meet its debt obligations in full and on time. This study guide is designed for in-depth study of the discipline “Methodology for Assessing Country Risks for Transnational Business”, taught at both undergraduate and postgraduate levels at MGIMO University, within the faculties of International Business and International Relations. The internalisation of key concepts is intended to develop highly qualified international managers capable of making strategic foreign economic and investment decisions. The content provides students with a profound understanding of the political and economic aspects of interaction between foreign businesses and public authorities, offers theoretical and practical knowledge in the field of contemporary international risk management, and develops the competencies necessary for effectively promoting the interests of the Russian corporate and financial sectors in global markets.</jats:p>