Mexico is considered the most attractive emerging market (EM) by Bloomberg, but is not the safest according to Euromoney’s country risk metrics.

The borrower’s gradually improving risk profile could see it overtake Brazil and Turkey before too long.

In Q4 2016, Australia’s ECR score dipped by 0.4 points, dropping two places to 12th in the country risk rankings. Political challenges, lower economic forecasts than expected and a fall in Australia’s debt indicator score all contributed to the decline. As the end of the first quarter of the year approaches, ECR asks two experts what lies in store for 2017.

Egypt’s fall from grace is one of the more noteworthy of recent years.

Euromoney’s survey experts continue to downgrade the borrower, disagreeing with the president’s claims there is no justification for it.

The OECD’s arguments in favour of a higher credit rating are endorsed by experts taking part in Euromoney’s country risk survey.