Independent sovereign analysis, ratings and macro views
Sovereign Macro Lens provides independent economic and political views, forecasts and ratings projections mapped directly onto fixed income and FX opportunities in emerging markets and beyond.
Condensed, surgical country insight.
Sovereign Macro Lens specialises in condensing complex macro, political and market information into clear, digestible views, and doing deep, ‘surgical’ dives into individual countries when clients need more.
Country outlooks and sovereign risk assessments
On-demand, detailed sovereign risk assessments covering macro fundamentals, politics and market valuations — produced to a consistent framework so views are directly comparable across the EM universe.
Tailor-made country risk for corporates and investors
Customised country assessments, scenario work and presentations built around a specific exposure, mandate or investment decision. Overarching regional, EM, DM snapshots and outlooks — delivered as written reports or briefings to investment committees and boards.
Sovereign Analysis course
Our proprietary Sovereign Analysis course teaches the imperative pillars and framework of becoming and being a Sovereign Analyst.
Enquire about our 3-day sovereign analysis course
From macro building blocks to FI and FX views.
Every country view starts with the same macro building blocks and a proprietary snapshot of the country’s economy and current and expected market drivers, before being projected forward with forecasts over the relevant investment horizon.
- Market drivers
Scenario analysis, current and expected drivers, associated rating moves.
- Macro building blocks
Growth, inflation, fiscal and debt, external accounts and balance of payments.
- Forecasts
Macro forecasts feeding into FI (hard currency and local currency) and FX views.
Ratings and politics fused into investable views
We combine the macro picture and an implied rating path with political and socio-economic risks, then map the result onto local currency, FX and hard currency opportunities.
Each view explicitly distinguishes fundamentally driven calls from shorter-term tactical opportunities — so investment teams know whether they are taking a structural view or trading a mis-pricing.
Research line-up.
Three core products, priced individually. Mix and match to fit a coverage mandate or a one-off decision.
Country Snapshot
Key drivers, rating moves, forecasts, FI & FX implications — one country, one decision-ready document.
Monthly EM Comparison
Comparative ranking of the core EM universe with rolling macro themes, rating signals and FI/FX recommendations.
or £5,000 per year (ex-VAT)
Custom briefs & sovereign analysis course
Tailored country and regional work for investment committees and boards, plus our 3-day Sovereign Analysis course.
Consistent. Rigorous. Independent.
Sovereign Macro Lens is led by a seasoned economist with 15+ years covering emerging and frontier markets across global investment banks, asset managers and multilateral institutions — briefing sovereign desks, investment committees and boards on country risk in over thirty markets.
More about the practiceDesigned for institutional users.
FI & FX teams
Independent EM country views to challenge and complement sell-side and internal research.
Sovereign credit & country risk
Granular, idiosyncratic analysis to support ratings work and limit-setting.
Corporates
Evaluating new markets or monitoring existing country exposures with a consistent framework.