Macroeconomy/Finance

Brazil’s CDS Risk Indicator Tripled with Coronavirus Pandemic

Brazil’s CDS (Credit Default Swap), an international indicator of default risk, tripled in 2020 because of the crisis triggered by COVID-19. The upward trend was also observed in the bonds of all other countries in the world, since the disease spared no economy. Nevertheless, Brazil’s CDS managed to distance itself from the average of those countries with the same risk rating as ours (BB-) in the main international agencies.

Source: The Rio Times

Categories: Macroeconomy/Finance