Asiedu, Elizabeth; Jin, Yi; Nandwa, Boaz - 2008
empirical results of Haque et. al. (2000) who �nd that commercial
risk-rating agencies often rate African countries as riskier … Risk Guide database,
published by The Political Risk Services (PRS).18 The PRS rating is a composite measure
derived from …. The second caveat is that risk assessments by private rating agencies, such
as PRS, do not accurately re�ect the risk …