Iceland drops out of Top Ten…and is happy about it | IceNews
Iceland has dropped out of the top ten countries most likely to default, according to CMA Credit Market Analysis. CMA’s list is compiled daily and distributed to financial markets. Iceland’s CDS (Credit Default Swap) rating took a steep dive (which is a good thing), ending Wednesday on 330 points. The day before Iceland had been on 411 points. Iceland has been in the CMA top ten every day since shortly before the banking crash in autumn 2008, or coming up on two years. The highest Iceland reached was fifth on the dubious Top Ten, but has been on the way down since the New Year.
Source: icenews.is