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"sovereign ability" is correct and usable in written English
It can be used to describe someone or something's ability to make decisions or take action independently. For example, "He had the sovereign ability to choose his own career path."
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Thought to be more important is the reasoning behind Moody's decision, such as its judement that "the mounting debt levels in a low-growth environment have impaired the sovereign's ability to contain and quickly reverse the impact of adverse economic or financial shocks".
The state legislature, well known for its protectionism streak, has rushed through a bill that will strengthen Sovereign's ability to fight him.
Iraq will have all the formal powers of a sovereign state: the ability to appoint and dismiss ministers; to allocate budgets; to conduct negotiations with foreign countries.
It contributed to a significant extent to the increased sensitivity that investors now have regarding the ability of sovereign countries to pay back their debts, especially in Europe.
He added: "All sovereign states have the ability to determine currency arrangements that are appropriate for their circumstances.
It did spark a fascinating exchange about how each candidate views the extent to which states are sovereign and have the ability to impose things on their citizens.
CF: To me a sovereign nation has the ability to develop their own laws and enforce their own laws within their country.
"This corporate capture comes at the expense of both peoples' rights to democratically govern their own affairs and the ability of sovereign governments to effectively enforce worker, consumer, and environmental safeguards".
Though most lenders have been recapitalized, they now face questions about sovereign debt exposures, and the ability of governments to bail them out if necessary.
Some Canadians even fear that the North American Free-Trade Agreement (NAFTA) threatens their government's ability to exercise sovereign control over their water.Canada contains about one fifth of the world's fresh water.
Meanwhile, the International Monetary Fund said Ireland's ability to sell sovereign bonds remains "elusive" and its situation may worsen unless the European Union develops a more comprehensive plan to deal with the region's debt crisis.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com