The credit risk of the widely used benchmark index of European government bonds, the Boxx EUR Sovereign Index, has risen dramatically since these downgrades (below AAA) in September 2010. Countries...

The credit risk of the widely used benchmark index of European government bonds, the Boxx EUR Sovereign Index, has risen dramatically since these downgrades (below AAA) in September 2010. Countries whose debt was downgraded include Greece, Ireland, Portugal, and Spain (and recently that of Italy as well).