Nepal Should Improve Its Credit Rating

In this day and age, countries around the world are interdependent. Globalisation has brought these countries closer and closer so much so that the entire world has become a global village. Trade, investment, financial aid and so on between countries have been the hallmarks of the modern world. When one country wants to invest in other countries, the country does not invest there haphazardly; rather, the country often keeps itself updated about various aspects such as creditworthiness. It is here that sovereign country ratings come in handy. An independent assessment of the creditworthiness of a particular country, sovereign credit ratings enable investors to know or understand the level of risks their investments are exposed to.