Latin America’s largest market and one of its hottest investment prospects only a few years ago is now rocking from a confluence of negative factors undermining creditworthiness.

The region’s bullish prospects might be about to receive a reality check as the anticipated tightening of US monetary policy looms.

The latest quarterly round-up from Euromoney’s crowd-sourcing country risk survey – a unique poll of more than 440 expert participants – shows no fewer than 80 of the world’s 186 sovereigns becoming riskier during the first half of 2015.

The glowing appeal of this frontier market is overshadowed by an array of problems, notably stemming from the junta’s resistance to democratic reform.