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Iceland drops out of Top Ten…and is happy about it | IceNews


Iceland has dropped out of the top ten countries most likely to default, according to CMA Credit Market Analysis. CMA’s list is compiled daily and distributed to financial markets.
Iceland’s CDS (Credit Default Swap) rating took a steep dive (which is a good thing), ending Wednesday on 330 points. The day before Iceland had been on 411 points.
Iceland has been in the CMA top ten every day since shortly before the banking crash in autumn 2008, or coming up on two years. The highest Iceland reached was fifth on the dubious Top Ten, but has been on the way down since the New Year. ....

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Brazil's CDS, a measure of sovereign risk, resumes trading over 200 points

Along with the increase in the risk premium in other financial indicators, the Brazil risk measured by the five-year credit default swap (CDS) contract spread has once again traded above 200 points and, this morning, stood at 214 points, according to data from IHS Markit. ....

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