(Reuters) - After tightening by about six basis points on Thursday, five-year credit default swaps on Ahold fell a further five basis points on Friday to 55 basis points, a trader said, after the S&P upgrade to BBB- from BB+ with a stable outlook.
That boosted S&P's credit rating on Ahold to investment grade from "junk" status, although its unsecured bonds remain in speculative-grade, rising to BB+ from BB.
Read more at Reuters.com Bonds News
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