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CDS-Spread as Rating

Thu, 04/23/2009 - 00:58 — apophis

Found a nice Blogentry which displays the current high CDS Spreads in the market. CDS stands for Credit Default Swap, its basically an insurance against the Default of a the issuer of a paper (i.e. the case the issuer doesn't pay back the debt). You can buy such insurance also for countries.

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