Good to have somebody do the data gathering and analysis - check out Mongolia as a classic case! Moody's just re-rated (down) and the IMF has been in town.

Thank Bryan! I am actually on my way back from work in Mongolia looking at debt sustainability.

Indeed, another case where gov debt piled up on the expectation of mining wealth, but also one where shifting project timelines, opaque borrowing and short-sighted resource backed financing aggravated  the situation.  

Mongolia is outside of this analysis for being a middle income country, but will be curious to see their new forthcoming DSA. The previous 2015 one suggested  that levels of debt and risk of debt distress is high but at least debt is on slow downwards trajectory, while we found this is unlikely without drastic measures.