Thursday, July 2, 2009

Indonesia Exits Top 10 Riskiest Sovereign Debt List, CMA Says

July 3 (Bloomberg) -- Indonesia is no longer among the world’s 10 riskiest issuers of sovereign bonds as the outlook for Southeast Asia’s largest economy improves, according to credit-default swap price provider Credit Market Analysis.

The perceived default risk on Indonesia’s debt fell 267.5 basis points last quarter to a level indicating it’s a safer investment than bonds of Argentina, Ukraine and Iceland, London- based CMA said in a report.

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