Greece headed for restructuring as CDS spread spikes again

Credit specialists anticipate Greece could be forced to restructure its debt within a few months, following a day in which its five year sovereign credit default swap spiked from 485.7 basis points to 638.9bp.

One European macro credit strategist says: “It is completely unrealistic to hope the financial markets are suddenly going to regain confidence and start providing lending to Greece. I do not think there is any option other than a debt restructuring.”

The dramatic widening in CDS spreads i

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: