Abstract
New type of coronavirus show that economic, political and health systems of many countries worldwide are vulnerable to global threats. This experience may suggest that there is a need to reevaluate credit rating methodology for countries. Broadly speaking, these credit ratings facilitate our investment decision, so it is important that they reflect the possible risk surrounded for a particular country to the largest extent possible. In this regard, this paper is aimed to call on credit rating agencies to integrate new factors so called global threat into their methodologies. Firstly, the paper tries to explore status-quo in sovereign rating determination, makes literature review on gaps in this sphere and introduces new proposals.
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