The country’s default probability declined by 5.4 percentage points in the third quarter of 2012, to 11.6 percent, the credit market data provider CMA said in its sovereign risk report.
Lithuania is now less risky than Latvia (12 pct), Slovenia (24.4 pct), Ireland (27.4 pct), Italy (27.4 pct), Spain (29.5 pct), Portugal (36.5 pct), and Greece (99 pct).
Lithuania stands 40th among 69 countries, ranked starting from the least risky sovereigns.
The probability of default is estimated based on five-year credit default swap (CDS) values.
