A credit risk report based on data from the last quarter of 2012 ranks Greece, Argentina, Cyprus, Pakistan, Venezuela, Ukraine, Portugal, Egypt, Iraq and Lebanon as the most risky sovereigns.
The ten least risky sovereigns are Sweden, Norway, Finland, Denmark, the US, Great Britain, Germany, Switzerland, Austria and the Netherlands.
Croatia was ranked 18th, Spain 11th, Italy 12th, Hungary 15th and Ireland 16th.