RIO DE JANEIRO, BRAZIL - An indicator that measures the distrust of investors in a given economy, Brazil's country risk has fallen on Monday, December 16th, to the lowest level in nine years.
Brazil's five-year Credit Default Swap (CDS) was 100.2 points at around 5 am, but it hit 98.2 points at around 2 pm, the lowest score since November 2010 (96.9 points), when the country still had investment grade ranking - a good payer's seal of approval.
The CDS works as an informal thermometer of the probability of a country defaulting on the global . . .