10: The Dominican Republic has a 20.96% chance of being unable to honor its debt obligations over the next five years, according to CMA Datavision's latest 'Sovereign Risk Monitor'.

9: Greece has a 22.83% chance of default.

8: Iceland has a 25.77% chance of default.

7: Latvia has a 27.12% chance of default.

6: Iraq has a 27.98% chance of default.

5: Dubai has a 30.03% chance of default.

4: Pakistan has a 40.29% chance of default.

3: Ukraine has a 42.05% chance of default.

2: Venezuela has a 50.13% chance of default.

1: Argentina has a 50.66% chance of default in the next five years.