Global Sovereign Debt Credit Risk Report - Q2 2013
Jul Tue 16 2013 at 11.00 pm
S&P Capital IQ are pleased to release the Global Sovereign Debt Credit Risk Report (formerly CMA) for 2nd Quarter 2013. The paper focuses on changes in the risk profile of sovereign debt issuers, with the intention to identify key trends and drivers of change.
Argentina remains the most risky sovereign globally (in terms of CPD) despite CDS spreads tightening 23% during Q2.
The US was the best performer of the quarter as spreads tighten to 27bps from 37bps.
The UK enters top 10 least risky sovereigns.
Western Europe tightened 10% overall in the quarter, whereas, four of the largest percentage wideners are within Latin American countries.