Ahold woes keep spreads wide in European credit default market

Credit protection for Ahold was trading at 37.5/40.5 percentage points upfront. It traded at its widest point on Tuesday, then tightened slightly on Wednesday to 35/40 percentage points upfront. European credit spreads on utilities and retailers were about 3bp to 10bp wider this week. The downgrade by rating agency Moody’s yesterday of Spanish utility Endesa by two notches caused its protection to trade 5bp wider at 120/130bp.

In telecoms, spreads widened yesterday following rumours of a

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here