Dubai Among 10 Sovereigns Most Likely To Default
Gulf states saw their default risks subside considerably during the second quarter as investors shrugged off the Arab Spring and focused on the troubled EU states. Still, Dubai remained among the list of sovereigns most likely to default.
Dubai, which was ranked as the 7th most risky sovereign in the first quarter, is now at the edge of the list of 10 countries most likely to default, according to data from the second quarter of 2011. READ MORE HERE