Current Affairs Question - 26 November 2021

With reference to the Sovereign Credit Rating, consider the following statements:

1. A sovereign credit rating is an independent assessment of the creditworthiness of a country or sovereign entity.
2. It can give investors insights into the level of risk associated with investing in the debt of a particular country, including any political risk.
3. Another common motivation for countries to obtain a sovereign credit rating is to attract foreign direct investment (FDI).

Choose the correct answer from the options given below: