France’s creditworthiness has continually worsened during the six years since the global financial crisis. The question is whether the rising risk trend will continue into 2015 and will that begin to affect its borrowing costs, which have recently hit record lows.

Romania’s country-risk score improved slightly in the immediate aftermath of the Klaus Iohannis’s surprise election victory, as participating economists cautiously signalled their optimism over the likely policy direction the country might now take.

As sanctions and falling oil prices force the rouble’s slide, country risk experts are questioning the ability of privately owned and/or state-backed banks and corporates to obtain credit and repay their debts amid capital flight and an economy in decline.