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Total global debt tops $217 trillion, 325 pct of GDP

Total world debt levels rose to more than 325 percent of the world's gross domestic product last year as government debt rose sharply, a report from the Institute for International Finance showed.

The IIF's report found that global debt had risen more than $11 trillion in the first nine months of 2016 to more than $217 trillion. The report also found that general government debt accounted for nearly half of the total increase.

Emerging market debt rose substantially, as government bond and syndicated loan issuance in 2016 grew to almost three times its 2015 level. China accounted for the lion's share of the new debt, providing $710 million of the total $855 billion in new issuance during the year, the IIF reported.

Higher borrowing costs in the wake of the U.S. presidential election and other stresses, including "an environment of subdued growth and still-weak corporate profitability, a stronger (U.S. dollar), rising sovereign bond yields, higher hedging costs, and deterioration in corporate creditworthiness" presented challenges for borrowers, the IIF said in its report. 

 

Additionally, "a shift toward more protectionist policies could also weigh on global financial flows, adding to these vulnerabilities," the IIF said. "Moreover, given the importance of the City of London in debt issuance and derivatives (particularly for European and EM firms), ongoing uncertainties surrounding the timing and nature of the Brexit process could pose additional risks including a higher cost of borrowing and higher hedging costs."

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CDS Rates - Countries, Banks

13. April 2017
  BANK S&P LGFR.KREDITRATING S&P AUSBLICK MOODY'S LGFR. KREDITRATING CDS 5 JAHRE IN BASISPUNKTEN
  DEUTSCHLAND AAA - - 19,39
  HSBC AA- Negativ Aa2 66,68
  DZ BANK AA- Stabil Aa3 84,68
  UBS A+ Stabil A1 59,51
  RABOBANK A+ Stabil Aa2 63,25
  SEB A+ Stabil Aa3 46,28
  MACQUARIE BANK A Negativ A2 80,89
  ING BANK A Stabil A1 63,24
  SOCIETE GENERALE A Stabil A2 97,82
  BNP PARIBAS A Stabil A1 96,79
  NATIXIS A Stabil A2 86,23
  COMMERZBANK A- Negativ Baa1 113,43
  ERSTE BANK A- Positiv Baa1 117,08
  BARCLAYS BANK A- Negativ A1 82,56
  JPMORGAN CHASE A- Stabil A3 55,55
  DEUTSCHE BANK A- Negativ Baa2 132,42
  BANCO SANTANDER SA A- Positiv A3 100,03
  NOMURA A- Negativ Baa1 94,11
  CITIGROUP BBB+ Stabil Baa1 64,68
  ROYAL BANK OF SCOTLAND HOLDING BBB+ Stabil A3 122,23
  GOLDMAN SACHS BBB+ Stabil A3 80,73
  CREDIT SUISSE BBB+ Stabil Baa2 109,03
  BANK OF AMERICA BBB+ Stabil Baa1 63,94
  UNICREDIT BBB- Stabil Baa1 178,92
  ROYAL BANK OF SCOTLAND BBB- Stabil Ba1 100,51
  NORDDEUTSCHE LANDESBANK NR - Baa1 108,44

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