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)
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2 Comments
Venezuela is floating in oil, gas, gold and many other natural resouces, Greece is an island with hardly any resources. Those who claim to ne analysts are nothing but whores at the service of the mafias who run the finances of the world. Venezuela has around 30 billions of reserves plus tons of gold to back it up.
Stop lying and manipulating Venezuela will never be a colony of neither the USA or Europe!
Thanks for that Hugo. Anyway, what’s more preturbing is the relevlation that Greece is an island, I believe the Greeks may be more than a little disconcerted by that.