|source: CMA Datavision|
FYI: Illinois Has a Higher Default Probability Than Spain (CMA's CPD %)
5/11/2012 04:29:00 PM | via @Dvolatility |
Using CMA Datavision's cumulative probability of default percentage, Illinois has a higher default probability than Spain (37.46% vs. 36.27%). On CMA's highest default probabilities list, Illinois is ranked #9 and Spain #10. Don't ask how they came up with the calculation. Spain's 5Y credit default swap mid spread is at 519.88 and Illinois 5Y CDS is at 221.05. Look at the chart of Spain CDS at Bloomberg.com.
Posted by D Volatility