Subsiding Risk - Money - Zawya ht alifarabia.com

Gulf states saw their default risks subside considerably during the second quarter as investors shrugged off the Arab Spring and focused on the troubled EU states. Still, Dubai remained among the list of sovereigns most likely to default.

Dubai, which was ranked as the 7th most risky sovereign in the first quarter, is now at the edge of the list of 10 countries most likely to default, according to data from the second quarter of 2011.

CMA Datavision's quarterly Global Sovereign Credit Risk calculates independent credit default swap (CDS) pricing sourced directly from some of the largest and most active credit investors globally.

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