VOL. XLII

No. 22

31-May-1999

GENERAL

Improved Transparency Can Enhance MENA Sovereign Ratings

In a world where investors may limit their fixed incomeinvestments to assets above a certain risk category, it is easy to understandthe markets need for fundamental high quality credit analysis and ratings. Butoften ratings agencies are criticized by sovereign governments for being tooharsh in their assessments. Yet according to Dr. Thomas Halverson, ExecutiveDirector, Goldman Sachs International,...