(ANSA) - ROME, MARCH 04 - The probability of Russia's default returns to warning levels: this morning the credit-defaultswap (CDS) in dollars on the Russian five-year debt have flown to 1,584, a value that implies an implied default probability of 67 % according to market sources.
There was also a flare-up for the risk of default in the private sector: Sberbank, one of the main banks affected by the sanctions, this morning saw CDS contracts, which act as insurance against default risk, fly to almost 2,400, from around 750 at the beginning of the month.
(HANDLE).
