Intermediate
Introduction to Sovereign Debt and Country Risk
A practical on-ramp to sovereign debt and country risk for Indian investors and finance professionals who want to understand why governments borrow, how the market prices a country's creditworthiness, and what that means for portfolios. Covers the mechanics of sovereign borrowing, how credit rating agencies and bond spreads size up country risk, what happens when that risk turns into crisis, and how FIIs and Indian investors actually use country risk in decision-making. Anchored in India's own borrowing programme and sovereign rating, alongside real cases like Sri Lanka's 2022 default.
MODULES
4
DURATION
~2.9 hrs
TRACK
Macro & Markets
Access Level
LEARNER
Everything included
Full Text Playbooks
Actionable Exercises
Mobile Reading Mode
Lifetime Updates
Curriculum Breakdown
Chapter 1: What Sovereign Debt Actually Is
4 Lessons▶
Why Countries Borrow: Deficits, Development, and the Sovereign Balance Sheet10 min read
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Who Lends to Governments: G-Secs, Eurobonds, and Multilateral Loans11 min read
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Sovereign Debt in Numbers: Debt-to-GDP, External vs Domestic, and Why the Mix Matters11 min read
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Case Study: India's Own Borrowing Programme, from RBI Auctions to RBI Retail Direct12 min read
Chapter 2: Country Risk, Decoded
4 Lessons▶
What Is Country Risk: Economic, Political, and Currency Risk in One Framework10 min read
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Credit Rating Agencies: How Moody's, S&P, and Fitch Rate a Country11 min read
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Why India Is Rated BBB-Minus: Reading a Sovereign Rating Report12 min read
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Sovereign Spreads and CDS: How the Market Prices Country Risk in Real Time11 min read
Chapter 3: When Country Risk Turns Into Crisis
4 Lessons▶
The Anatomy of a Sovereign Debt Crisis: Warning Signs and Triggers11 min read
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Case Study: Sri Lanka's 2022 Default and What Led There12 min read
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Currency Crises and Capital Flight: How Country Risk Hits Ordinary Investors11 min read
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The IMF's Role: Bailouts, Conditionality, and What a Programme Actually Requires11 min read