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Sunday, September 12, 2010

Global Sovereign Risk: California in Top 10 Riskiest Debt

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Sovereign Risk


Global Sovereign Risk: World's Riskiest Debt

The latest CMA Sovereign Risk Monitor update, as of September 10, 2010, has the following 10 as the highest risk of default. The USA State of California has entered the list at #10, knocking Romania off the list. Ireland moved up from #8 to #6. The States of California and Illinois have been on the list previously.

September 10, 2010
1 Venezuela
2 Greece
3 Argentina
4 Pakistan
5 Ukraine
6 Ireland
7 Dubai/Emirate of
8 Iraq
9 Portugal
10 California/State of

September 3, 2010
1 Venezuela
2 Greece
3 Argentina
4 Pakistan
5 Ukraine
6 Dubai/Emirate of
7 Iraq
8 Ireland
9 Romania
10 Portugal

June 30, 2010, CMA "Global Sovereign Credit Risk Report: 2nd Quarter 2010"
1 Venezuela
2 Greece
3 Argentina
4 Pakistan
5 Ukraine
6 Dubai
7 Iraq
8 Romania
9 Latvia
10 Bulgaria

CMA measures global sovereign risk by, "The CMA Sovereign Risk Monitor identifies and ranks the world’s most volatile sovereign debt issuers according to percentage changes in their 5 year CDS. CDS values are calculated by CMA’s market leading CDS price verification service, DataVision."


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