Argentine and Turkish CDS spreads blow out
Argentina and Turkey are firmly established as volatile names in emerging market credit. Both sovereigns have political and economic issues that place them in the highly vulnerable bracket.
Gavan Nolan, IHS Markit
But scale is important in credit assessment, and it should be noted that concerns over Argentina are of a different order altogether. Few countries can match its serial defaults and frequent flirtations with economic disaster.The latest episode is all too familiar. President Mauricio Macri was ...