Italy Seen Riskier Than Hungary, Ireland in BlackRock Index
This article is for subscribers only.
Italy ranked worse than Hungary and Ireland in a new index from New York-based money manager BlackRock Inc. that gauges the risk of sovereign defaults.
Greece and Portugal, whose debt levels were called “unsustainable” by BlackRock, came in last among 44 countries, the company said in a study published yesterday. The BlackRock Sovereign Risk Index ranks debt issuers on the likelihood of default, devaluation or above-trend inflation.