Ukraine's Economy: Where from and Where to?

... probability in Ukraine at 17.8%, which is second only to Venezuela, whose risk of default is estimated at 19.6% . Given the worsened economic outlook for Russia and its sovereign rating downgrade by the leading rating agencies, the probability of a default in Russia is estimated at 6.8% . Fig. 1 Annual probability of default from 5Y credit-default swap spreads (%) Source: Sovereign Defaults Probabilities Online / [Electronic resource] / Deutsche Bank Research For Russia, the threat of default emanates largely ...