BUSINESS

S&P: Romania scores 9.8 pct for five-year cumulative default probability

In terms of the capacity to honor its foreign debts in the next five years, Romania is currently in a better position than countries such as Italy, Hungary, Bulgaria, Portugal and Greece, shows the latest report by Standard & Poors – “S & P Capital IQ Sovereign Debt Report Q4 2014″, informs Agerpres.

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.

 

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