It is not only the current level of CDS indicators that is worth analyzing but their change over time can also lead to relevant conclusions. This short study aims to present how CDS premia have changed since October 2008 in certain countries (Hungary, Germany, Austria, France, the Visegrád countries and the PIIGS countries). According to the analysis, the current CDS figures for Hungary and the other Visegrád countries are around the October 2008 base, while German and Austrian credit risk premia are almost double the figure of October 2008, the French equivalent is three-and-a-half times higher and premia for PIIGS countries (data excluding Greece after March 2012, due to its technical default) are five-fold more on the market.

You can find more details in the attached file on the right side!

(Ministry for National Economy)