volatile years, steady calls no.2

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Volatile Years, Steady Calls Iraq The re-emergence of sectarian tensions has heightened the risk that local tribal leaders, whose cooperation with the US forces was instrumental in preventing radical Islamists from establishing a stronghold in the Sunni Triangle, might align themselves with the Al Qaeda-affiliated Islamic State of Iraq (ISI)…. Iraq will face a heightened risk of attacks launched by the ISI from inside Syria, a very worrisome prospect given the obvious disenchantment of Iraqi’s Sunni population with the Shiite-dominated government in Baghdad. – December 2013 Thailand Thailand remains embroiled in a political crisis that is unlikely to be resolved anytime soon, and holds the potential to produce a degree of disorder that provokes direct military intervention for the second time in less than a decade. – February 2014 United Kingdom Thus, while foreign investors would do well to watch for developments that suggest a swing in favor of independence, we believe that the complications that secession implies on such matters as EU membership and defense interests…will convince a majority of voters that Scotland is better off remaining part of the UK, especially if the devolved legislature is granted greater authority. – December 2013 Quantitative Risk Global Expertise Independent 5800 Heritage Landing Drive, Suite E East Syracuse, NY 13057-9378 Tel. +1 (315) 431-0511 Fax. +1 (315) 431-0200 [email protected] www.prsgroup.com

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*Iraq * Thailand * United Kingdom* In Iraq: The re-emergence of sectarian tensions has heightened the risk that local tribal leaders, whose cooperation with the US forces was instrumental in preventing radical Islamists from establishing a

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Page 1: Volatile Years, Steady Calls No.2

Volatile Years, Steady CallsIraqThe re-emergence of sectarian tensions has heightened the risk that local tribal leaders, whose cooperation with the US forces was instrumental in preventing radical Islamists from establishing a stronghold in the Sunni Triangle, might align themselves with the Al Qaeda-affiliated Islamic State of Iraq (ISI)…. Iraq will face a heightened risk of attacks launched by the ISI from inside Syria, a very worrisome prospect given the obvious disenchantment of Iraqi’s Sunni population with the Shiite-dominated government in Baghdad.

– December 2013

ThailandThailand remains embroiled in a political crisis that is unlikely to be resolved anytime soon, and holds the potential to produce a degree of disorder that provokes direct military intervention for the second time in less than a decade.

– February 2014

United KingdomThus, while foreign investors would do well to watch for developments that suggest a swing in favor of independence, we believe that the complications that secession implies on such matters as EU membership and defense interests…will convince a majority of voters that Scotland is better off remaining part of the UK, especially if the devolved legislature is granted greater authority.

– December 2013

Quantitative Risk Global Expertise Independent

5800 Heritage Landing Drive, Suite EEast Syracuse, NY 13057-9378

Tel. +1 (315) 431-0511Fax. +1 (315) 431-0200

[email protected]

Page 2: Volatile Years, Steady Calls No.2

The world of country and political risk assessment has changed significantly over the last decade, with a plethora of views and approaches that can often obfuscate clear and balanced investment analyses. Since its beginning in the early 1980s as International Reports, a widely respected weekly newsletter on international finance and economics, the International Country Risk Guide (ICRG) has provided hedge funds, risk managers, and traders with data and insights vital to their exposures and longer-term positions in developed and emerging markets.

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• Overviews of political and country risk trends affecting each of the regions covered (Asia, Africa, Americas, Middle East, Eastern Europe, and Western Europe), and commentary on the changes to the country ratings for the month.

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ICRG Risk Data Series:• Dates to the early 1980s, and incorporates over 30 risk

metrics affecting political, financial, and economic risk for 140 countries, which is compiled into a composite risk score and overall country rating.

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Contact:5800 Heritage Landing Drive, Suite E

East Syracuse, NY 13057-9378Tel. +1 (315) 431-0511Fax. +1 (315) [email protected]

www.prsgroup.com

* For a citation see www.prsgroup.com