Top 10 Sovereign Debt Default Risks
Inquiring minds might also be interested in a slideshow of Government Debt Issuers Most Likely to Default.
Minus the slide images here are the results.
1. Argentina - CPD: 50.14% - Mid Spread: 1081.14
2. Venezuela - CPD: 49.76% - Mid Spread: 1013.78
3. Ukraine - CPD: 44.12% - Mid Spread: 884.91
4. Pakistan - CPD: 42.17% - Mid Spread: 803.20
5. Dubai, UAE - CPD: 32.46% - Mid Spread: 572.92
6. Republic of Latvia - CPD: 29.13% - Mid Spread: 513.31
7. Iraq - CPD: 28.25% - Mid Spread: 475.97
8. Iceland - CPD: 27.03% - Mid Spread: 476.34
9. Greece - CPD: 24.92% - Mid Spread: 341.54
10. Dominican Republic - CPD: 23.37% - Mid Spread: 375.00
From the article: "The countries are ranked by their cumulative probability of default (CPD), which gives the market's assessment of an issuer's likelihood of default over the life of a CDS contract."
Life takes us in many strange directions and wonderful discoveries. It never turns out the way we thought it would.
No comments:
Post a Comment