“The world is no longer divided into emerging market or developed market risk but it is viewed in terms of a country’s ability to repay its debts,” said Nigel Rendell, strategist at RBC. ()
Probability of default in subsequent 5 years.
I suppose, what are the options. ie. the need for state recapitalization of the banking system, etc.
for otherwise, it is difficult to see such problems in Ukraine.