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Alastair Wilson
Global Managing Director

Elena Duggar
Group Credit Officer

Asia-Pacific and Middle East

Tom Byrne
Senior Vice President

Anne Van Praagh
Managing Director


Yves Lemay
Managing Director

Dietmar Hornung
Associate Managing Director

Latin America

Mauro Leos
Vice President – Senior Credit Officer

Anne Van Praagh
Managing Director


Matt Robinson
Vice President – Senior Credit Officer

Yves Lemay
Managing Director

Supranational Entities/Multilateral Development Banks

Steven Hess
Senior Vice President

Anne Van Praagh
Managing Director

Sovereign & Supranational

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Research on sovereign nations, sovereign-related agencies, and supranational institutions.


  • 5 Oct 2015
    • Terrorism continues to weaken economies long after the attack
      Terrorist attacks immediately dampen GDP growth and investment. Moreover, the negative economic effects continue to play out, raising the cost of borrowing and impairing growth for up to five years. Since many countries have sustained, high incidents of terrorism year after year, a simple exercise measuring economic performance in the absence of attacks quantifies how much terrorist attacks impair economic performance... Press Release l Full Report
  • 18 Sep 2015
    • France’s sovereign rating downgraded to Aa2 stable
      We have downgraded France’s government bond rating to Aa2 stable from Aa1 negative because of the economy’s weak medium-term growth outlook, and the impact that this and institutional constraints will have on the government’s debt trajectory. The stable outlook reflects our assessment that the French government and electorate are now more open to changes that can address some of the structural challenges to growth and the fiscal balance....Rating Action Press Release l Credit Opinion l Key Drivers of the Downgrade to Aa2 stable​​​
  • 11 Sep 2015
    • Outlook on Ireland’s Baa1 rating changed to positive from stable because of improving credit fundamentals
      The positive outlook on Ireland’s Baa1 rating reflects the country’s strong economic recovery, rapid fiscal consolidation and a substantial decline in the government’s debt burden over the past year. An upgrade into the A rating category depends on a continuation of prudent fiscal policies and a sustained further reduction in the public debt ratio. Ireland’s public debt ratio remains at around 100% of GDP, which is significantly higher than most peers in the single-A rating category…Press Release l Credit Opinion
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