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The 10%-ers: Updating our list of distressed sovereigns

  • We count 13 countries with sovereign US$ bonds yielding more than 10% or that are in default, unchanged from August

  • Of the nine yielding more than 10%, seven are unchanged, while Ghana and Tajikistan join the list

  • Four countries in default (Lebanon, Suriname, Venezuela, Zambia); fear that Ethiopia and/or Sri Lanka could join them

The 10%-ers: Updating our list of distressed sovereigns
Stuart Culverhouse
Stuart Culverhouse

Head of Sovereign & Fixed Income Research

Tellimer Research
2 December 2021
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