Strategy Note /
Global

Sovereign defaults and distress in 2021

  • Despite the continuing pandemic, there have only been two sovereign defaults this year

  • These two – Belize and Suriname – are not new cases but arguably continuing cases from last year

  • However, a number of countries are in distress: 13 with sovereign US$ bonds yielding 10% or more, or that are in default

Sovereign defaults and distress in 2021
Stuart Culverhouse
Stuart Culverhouse

Head of Sovereign & Fixed Income Research

Patrick Curran
Tellimer Research
30 December 2021
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