Credit Suisse Declares the U.S. a Riskier Investment Than Indonesia
Amid fears that Switzerland might come to an agreement with the United States on banking privacy and tax evasion disclosures, Credit Suisse issued a report
Jul 31, 202017 Shares8.3K Views
Amid fearsthat Switzerland might come to an agreement with the United States on banking privacy and tax evasion disclosures, Credit Suisse issued a reportidentifying those countries it determined to have the highest risks of default on their sovereign debts. Number 16 on the list was the United States, based primarily on its 2009 budget deficits and government debt.
Countries ranked less likely to default include corruptocracy Kazakhstan, less-than-reform-mindedIndonesia, the debt-riddenPhilippines and violence-riddenColombia. By comparison, U.S. Treasuries prices are up todaydespite a new issuance this week.
Hajra Shannon
Reviewer
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