Saudi Arabia has been ranked as one of the world’s least risky debt sovereigns, according to the latest data from a financial research firm.
CMA Vision’s fourth quarter sovereign debt credit risk report placed the GCC giant at 10th place in the world. It is the first time Saudi Arabia has reached the top 10, and reflects the solid fundamentals behind the country’s economy despite the global recession.
The sovereign rankings show the probability of a country being unable to honour its debt obligations over a five-year period of time.
For sovereign credit default swaps, this typically includes the probability of a restructuring of debt, the CMA Vision report says.
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