Euromoney’s country risk survey shows the safety of sub-Saharan Africa (SSA) issuers is once again in question, as economies flounder, debts spiral and capital access tightens.

It seems an appropriate time for the Asian borrower to regain its full complement of investment-grade ratings as it becomes safer in Euromoney’s country risk survey.

The borrower is beginning to shine with the presidential race guaranteeing a pro-market candidate winning and the economy improving due to increased copper-mining capacity.

Its sovereign risk score has eased back this year as doubts begin to creep in, but India remains worthy of investment grade.