Clients & Testimonials

The PRS Group’s clients include the largest and most prominent institutional investors, trans-national firms, multilateral agencies, central banks, sovereign wealth funds, research groups, and universities, globally.

Asset managers and analysts in the world’s financial centers employ our firm’s data and analyses to develop country allocations and hedging stratagems across all asset classes in developed, emerging, and frontier markets. Our data provides them with a proven early-warning system to initiate long and short positions.

Trans-national companies use our products to develop unique risk management techniques and our data to form realistic hurdle rates for new and existing investments. Companies in this space also see The PRS Group as an essential component of their political risk insurance coverage.

Many of the world’s development banks and lending agencies also use PRS and ICRG products to help balance their global portfolios and to conduct ground-breaking research in econometric modeling.

Academics at universities worldwide use our data as a means of factoring country and political risk into their specific research agenda.

Our Clients

The following institutions are some of our leading academic clients:

What They’re Saying About Us

‘The selection of the ICRG as the institutional proxy reflected both its wider cross-country and time-series coverage as well as its broader range of relevant institutional indicators.”
L Cubeddu, et al. "The External Balance Assessment Methodology: 2018 Update," IMF Working Paper (19/65), Mar 2019.
‘THE BEST SOURCE OF POLITICAL RISK ASSESSMENT INFORMATION…”
Professor William Eimicke
‘A LEADING INVESTMENT RISK COMPANY…”
Jim Rogers, Co-founder (with George Soros) of the Quantum Fund, and Chairman of Rogers Holdings and Beeland Interests, Inc.
‘HIGHLY VALUABLE…FOR THE DEVELOPMENT AND IMPLEMENTATION OF ANTI-CORRUPTION PRACTICES.”
Dr Jin-young Kwak, Vice-Chair of South Korea’s Anti-Corruption and Civil Rights Commission
‘THE MOST AUTHORITATIVE IN THE FIELD…”
Professor Reid Click, George Washington University School of Business
‘THE ONLY RELIABLE, CONSISTENT, AND VALID MEASURE OF PROPERTY RIGHTS PROTECTION…”
Professor Rollin Tusalem, Arkansas State University
‘…GREAT PREDICTIVE VALUE WITH RESPECT TO FUTURE EQUITY RETURNS.”
Gene Epstein, Barron’s
‘…REFLECTS CURRENT EVENTS IN A WAY STRUCTURAL MEASURES CANNOT.”
Professor Robert Weiner, George Washington University School of Business
‘A vital source for managing and advising investment funds that focus on volatile countries, both emerging and developed.”
Dr Michel-Henry Bouchet, Distinguished Finance Professor, Skema Business School, Paris.
‘…One of the world's most frequently used resources for evaluating and forecasting international risk.”
T Suleman & R Cermeño, “Country risk and volatility of stock returns: Panel-GARCH evidence for the Latin America's major five,” November, 2014.
‘Because we sought to quantify the importance of political risk in stock returns, we used ICRG’s political component as our proxy for political risk.”
RL Diamonte, et al. “Political Risk in Emerging and Developed Markets.” Financial Analysts Journal, May/June 1996: 71.
‘One of the most striking features of the [ICRG] data is the strong relationship between bureaucratic efficiency and political stability.”
Eatzaz Ahmad, et al. “Does Corruption Affect Economic Growth?” Latin American Journal of Economics, Vol 49, No 2, 2012: 277–305.
‘ICRG ‘is forward-looking and reflects political risk as opposed to an aggregate or broad measure of country risk which also incorporates macro-economic factors.’ ‘[T]here is ample evidence in the literature that it correctly reflects that adverse effects of political risk on investment values across countries.’”
Professor Kwabena Kesse, "Sovereign Risk Channels and Exchange Rates," Quarterly Journal of Finance and Accounting, 2017.
‘…[U]nlike other corruption data sources, ICRG is market-tested…financed by users (mainly international investors and business managers) who would be willing to pay a fee only if they perceive the data as sufficiently informative.”
Mehmet Ugur, “Corruption’s Direct Effects on Per Capita Income Growth: A Meta-Analysis,” Journal of Economic Surveys, 2014.
‘The ICRG index is second to none in academic circles given its long-term time series and its very useful composite index!”
Michel-Henry Bouchet, Skema Business School-UCA

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