Who are the top riskiest debtors?
It may not be a surprise to see Egypt and Lebanon on the list but guess the worst performers and who tops the list of top riskiest credits.
April 10, 2011 3:33 by Reuters
There was no change to the top six riskiest credits, which included three peripheral euro zone states — Greece, Ireland and Portugal.
Portugal’s caretaker Prime Minister Jose Socrates announced on Wednesday that Lisbon would seek financial assistance from the European Union, saying the economic risks had become too great to go it alone after borrowing rates soared.
Among the least risky sovereigns, Norway, Sweden and Finland topped the ranks again but Saudi Arabia and Australia both fell out of the top 10 as their debt insurance costs rose.
Chile was a new entrant to the group, coming in at 10th place and making it the only emerging market in the list.
Spain’s improving debt insurance costs also brightened the debt risk profile of the Netherlands and Germany, which saw CDS tighten 22 bps and 13 bps respectively.
(Caroline Copley and Dina Zayed, Editing by Hugh Lawson)