Bulgaria's 5-Year Credit Default Swaps Reach Lowest Level since MayFinance | August 3, 2010, Tuesday // 17:58| views
Chart by Finance Ministry, Reuters
The five-year credit default swaps (CDS) to insure Bulgarian debt against default dropped to their lowest point since May 2010, announced the Finance Ministry.
The Finance Ministry points out data of CMA DataVision, cited by Reuters, setting the CDS to insure Bulgarian debt against default at 272 base points.
“These price levels determine Bulgaria as stable on the international financial markets. The price of insuring Bulgarian debt against default has dropped substantially since mid June, and this trend is expected to continue in the weeks to come,” points out the Finance Ministry.
It also says that Bulgaria is viewed as a country with lower risk than Hungary, Romania, Latvia, and Greece, according to the figure of CMA DataVision.
The values of the five-year credit default swaps are as follows: Hungary – 321 base points, Romania – 347 bps, Latvia – 323 bps, Greece – 750 bps, Lithuania – 240 bps, Portugal – 220 bps, Spain – 180 bps.
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