Tuesday, 12 July 2011
Some European debt ratings
CMA Datavision reports on credit default swaps for sovereign debt and so its information, based on market rates, is not quite so compromised as that of some major rating agencies. The global rankings are for 67 countries. The eurozone includes 4 of the 6 best, and 3 of the 4 worst. It is not surprising that the euro garment cannot fit all sizes in this range and the problem was identified by some commentators over a decade ago when the Euro was introduced.
Note: Spain is the 21st worst - consider it deep orange!
INVESTMENT DISCLOSURE: None. Still in cash, and missing all those day-trading opportunities.
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