Stat of the Day: California now in top ten for highest government default probabilities in the world

With the liquidity crisis surrounding the rollover of Greek debt subsiding, the probability of default for that country has plummeted from nearly even odds to just over one in three.

Last Week’s Numbers: 06 May 2010

Highest default probailities

Subscribe to our newsletter

Meanwhile, other state and national governments are showing continued stress. Venezuela tops the list with a CDS spread of 1049 and a risk of default now over 50%. Argentina and Pakistan are also now ahead of Greece which is now only the 4th most likely government in the world to default.

Related Posts
1 of 1,035

Most recent numbers: 11 May 2010

 

Highest default probailities

The usual suspects are on the list including Dubai, Ukraine and Latvia. The one thing to notice is that California has now cracked the top ten with a 20% default probability. For California muni bond holders, this number bears watching.

Source: CMA Sovereign Risk Monitor

Get real time updates directly on you device, subscribe now.

10 Comments
  1. purple says

    Illinois should come first.

Comments are closed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More