(Bloomberg) -- The perceived risk of lending to BAE
Systems Plc, Europe's biggest weapons maker, surged by a record
after the U.S. Justice Department began a probe into the London-
based company's arms business in Saudi Arabia.
Credit-default swaps based on 10 million euros ($13 million)
of BAE debt jumped 11,000 euros to 28,000 euros, the biggest-ever
one-day increase, according to Deutsche Bank AG. The contracts
are at an eight-month high, indicating a deterioration in credit
quality.
Read more at Bloomberg Bonds News
Systems Plc, Europe's biggest weapons maker, surged by a record
after the U.S. Justice Department began a probe into the London-
based company's arms business in Saudi Arabia.
Credit-default swaps based on 10 million euros ($13 million)
of BAE debt jumped 11,000 euros to 28,000 euros, the biggest-ever
one-day increase, according to Deutsche Bank AG. The contracts
are at an eight-month high, indicating a deterioration in credit
quality.
Read more at Bloomberg Bonds News
No comments:
Post a Comment