CMA DataVision released its quarterly global sovereign credit risk report on Tuesday, featuring 17 pages replete with charts and data on the ever-so-topical question: who’s the riskiest of them all?
If five-year credit default swaps are a reasonable indicator of default risk, Venezuela continues its run as the riskiest sovereign, with a 48.5 per cent cumulative probability of default (CPD) within the next five years and a CDS spread quoted in points upfront.
Greece ranks 9th by CMA’s metrics, with a 25.4 per cent 5-year CPD.
The chart below includes the top 10 riskiest sovereigns, as measured by CMA (click to enlarge):
CMA chart of the world's riskiest sovereign debt
No comments:
Post a Comment