Congratulations Venezuela for being the first country to make it over 1000 basis points on the EMBI+ rating, better known as "country risk". Venezuela deserves a big round of applause for beating out strong competition to the prize and breaking the 1000 point line on September 16th, a full two weeks before the others. Full kudos.Ecuador made it into the silver medal spot on Monday, with a big push to 1030 yesterday. Great job, boyz.
Bronze goes to Argentina who joined them today, Reuters reporting the country risk spiking to 1006 this morning. A fine effort, people and good for that bronze medal.UPDATE: I've just been informed that Ecuador made it over the line on the 16th, too. I'm still declaring Venezuela the winner because it scored higher that day, 1019 to 1006. On reflection it makes Argentina's effort to get over the line only today look quite puny.