Romania scored 9.8 percent for the five-year cumulative default probability, thus placing better as of December 30, 2014 than Italy (10.4 pct), Hungary (12.2 pct), Bulgaria (12.8 pct), Portugal (16.8 pct) and Greece (62.9 pct).
The S & P report is based on the investors' risk perception, identifying potential developments that may lead to changes therein.
The report examines trends in credit default swap (CDS) - whereby investors secure sovereign debts against the probability of default in five years - from a regional perspective, as well as the risk for global sovereign debt issuers, based on the five-year cumulative payment default risk as of December 30, 2014, helping investors to better assess long-term risks. (sursa: actmedia.eu)
