The signing of a ceasefire agreement ending five decades of civil war is nothing short of monumental, but laying down the weapons will not fully resolve the issues and will most likely lead to fiscal repercussions with the economy already under pressure.

Three years on from securing a bailout, the island nation is still addressing the fallout. Yet the economy is growing, political continuity is assured and credit rating agencies are playing catch-up.

The UK’s economic and structural ECR scores are holding up well despite the possibility that its people will vote to leave the European Union (EU) next week. The strength of the sovereign’s outlook means that if the UK did vote to leave, it could quickly recover from the ensuing drop in its risk score, claim several experts this week.

The borrower’s prospects are still failing to improve, despite decent GDP growth, as political and structural concerns preoccupy the risk experts.

Four months after a new coalition was formed, the economy is brightening, but Croatia remains mired in a political crisis weighing on its country risk rating.

The borrower is on a trend decline amid uncertainty about the outcome of early elections in July. It means New Zealand is looking the safer bet, despite its slightly lower ECR score and inferior credit rating.