Romania ranks eighth among ten riskier world economies, report finds

Romania is among the top ten riskier economies in the world, ranking eighth, according to a report by CMA Data Vision. The risk ranking is based on the cost of insuring debt. The credit default swaps for Romania's debt has reached 410.22 points, while the default probability is of 24.7 percent. The credit default swap (CDS) measures the cost of insuring debt against default and also determines the yield required by foreign investors for the acquisition of sovereign titles. CDS also influence the external financing costs for banks and companies. Bulgaria and Portugal had a lower default risk than Romania, ranking ninth and tenth in the list. The riskier economy is Venezuela, followed by Argentina, Greece, Pakistan, Ukraine, Dubai and Iraq.