SOURCE: Alliant Emerging Markets

September 19, 2007 10:25 ET

Alliant Releases Global Risk Watch for September 2007

Nigeria Credit Risk Remains High Despite FX Reserves Growth; New Terrorism Threat in Mexico

NEW YORK, NY--(Marketwire - September 19, 2007) - RATINGS UPDATES: Alliant Emerging Markets (AEM) upgraded Nigeria's Currency Inconvertibility and Transfer Risk rating to Medium Low from Medium following the country's substantial increase in FX reserves. Despite the increase in reserves, Katie Dunn, Alliant Emerging Markets Vice President, said, "The country's credit risk rating remains High as rising inflation approaches 10% amidst weak economic growth outside the oil sector."

AEM downgraded Algeria's Expropriation risk rating from Medium High to High in response to the government's escalating attempts to increase ownership of natural resources and industries such as water & environmental services and construction. AEM also placed Mexico's Terrorism risk rating, currently rated Medium High, on "Negative Watch" following a string of attacks against state-owned oil and gas infrastructure. Several foreign-owned companies including Volkswagen, Honda, Kellogg and the Hershey Co. were forced to suspend or scale back operations as a result of the attacks.

AEM's Emerging Markets Risk Index (AEMI) decreased in September to 59.80, a 0.05% decline since July. The AEMI tracks monthly changes in the level of political risk in 152 emerging markets.

See the entire Global Risk Watch online at http://jltusa.net/grw907.shtml.

AEM's Global Risk Watch provides monthly updates of changes to Alliant's political and economic risk ratings. The ratings track eight different types of risk across political risk, violence risk and cross border risk in 195 countries and territories. For a copy of Alliant's annual Political & Economic Risk Ratings Guide contact Katie Dunn at KDunn@alliantinsurance.com

Alliant Emerging Markets (www.alliantinsurance.com/Services/Risk/CorporateRisk/EmergingMarkets), based in Chicago and New York, is a leading political and credit risk insurance brokerage firm. AEM's principals bring more than 50 years of experience in risk intelligence and analysis as well as insurance brokerage and placement. AEM is part of California-based Alliant Insurance Services, Inc., one of the largest privately owned insurance brokers in the United States.

Contact Information

  • For more information, please contact:
    Katie Dunn
    Vice President, Alliant Emerging Markets
    Alliant Insurance Services
    T: 212 510-1812
    E: Email Contact