Standard & Poor 's ( S&P ) ratings agencies say that rare but extreme natural catastrophes often cause sovereign ratings downgrades , with the largest impacts coming from earthquakes and tropical storm stimulations . " Geographically , populations of sovereigns in Latin America and the Caribbean appear to be most at risk , influenced by Asia , taking into account higher geologic and climatic differences than in the rest of the world " , says S&P analyst Moritz Kraemer . The agency also noted that most sovereigns do not have significant catastrophe risk protection and the levels of cover purchased are often not enough to prevent ratings coming into question . Chile , Bangladesh and the Dominican Republic have been named as most at risk of ratings downgrades due to extreme natural events .
Standard & Poor's (S&P) ratings agency say that rare but extreme natural catastrophes can cause sovereign ratings downgrades, with the largest impacts coming from earthquakes and tropical storm stimulations. "Geographically, ratings of sovereigns in Latin America and the Caribbean appear to be most at risk, followed by Asia, taking into account higher geologic and climatic hazards than in the rest of the world", says S&P analyst Moritz Kraemer. The agency also noted that most sovereigns do not have significant catastrophe insurance protection and the levels of cover purchased are often not enough to prevent ratings coming into question. Chile, Bangladesh and the Dominican Republic have been named as most at risk of ratings downgrades due to freak natural events.