I would see that term as more general... that it is ANYTHING to do with a specific area or sovereignty. It could be finance, food, medical, power or control...

The input from the global analysts is then used by the credit analyst to fortify his/her opinion on the credit as well as to determine the overall relative value of the credit assuming an appropriate compensation level for any sovereign-specific risks.
Quote Originally Posted by David Copperfield
Sometimes, to make it a more sovereign specific, he was so kind as to squeeze orange juice into it, or to stir it up with ginger, or dissolve a peppermint drop in it; and although I cannot assert that the flavour was improved by these experiments, or that it was exactly the compound one would have chosen for a stomachic, the last thing at night and the first thing in the morning, I drank it gratefully and was very sensible of his attention.