The updated cepDefault-Index shows that the creditworthiness of the individual crisis countries is developing in different directions. The same applies to the core Eurozone countries.
In the group of crisis countries, Ireland and Spain make a positive impression as the creditworthiness of both countries is increasing. Unlike Greece, which is still a long way from regaining its creditworthiness. In Italy too, the erosion of creditworthiness continues.
In the group of core countries, Belgium and Finland are showing a reduction in creditworthiness for the first time. In France, a clear reversal of the downward trend in creditworthiness is still not apparent.
The cepDefault-Index 2014 is divided into two sections: The creditworthiness trends for Belgium, Finland, France, Greece, Ireland, Italy, Portugal and Spain are presented with detailed explanations. The creditworthiness trends for the remaining euro and EU countries, as well as other economies such as Switzerland, South Korea and the USA, are set out in the Annex.