Pakistani Prez Impeachment Buzz Boosts CDS

07 Aug 2008

Concern that Pakistan President Pervez Musharraf will be impeached has negatively affected the country’s perceived creditworthiness. Credit default swaps on the nation have skyrocketed in the past year from 50 basis points a year ago to nearly 520/670 bps. That means the cost of insuring Pakistani debt has ...

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