Country risk: A highest-risk default option in 2017, investors are warming to the Caribbean island as the seeds of an IMF programme bear fruit.

Country risk: With Mugabe gone, there is huge hope and expectation, but also enormous challenges to get the country back on its feet after years of decline.

With a new government installed and favourable economic trends continuing, Iceland’s prospects are undiminished going into 2018.

Concerned by policymaking risks, analysts are lukewarm on junk-status Turkey’s prospects, despite the fact it compares favourably alongside investment grades.