The Daily Bail

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#11 State Most Likely to Default - Pennsylvania - Governor Ed Rendell

Cumulative Probability of Default (CPD): 10.7%

CDS Mid 10 Year (in bps): 126.8

Implied Credit Rating: aa-

Source: CMA Datavision

A list of the worst state risks, ranked by cumulative probability of default (CPD).  The default risk is measured through fluctuations in the state's CDS rating, and the height of that rating.  The spread of each 10-year CDS is listed, as well as the implied credit rating of each state on the list of fiscal losers.