Deutsche Telekom credit default widens on downgrade

On Wednesday, an article in the Financial Times in London gave a negative report on the progress of the German telecoms cable asset disposal program, sending the cost of credit protection wider by 10bp on the day to 190bp-mid. Credit default swaps for fellow telecom France Telecom also rose 10bp to 270bp.

But a tightening of both credits by around 5bp in trading yesterday was halted by Moody's downgrade of Deutsche Telekom. Credit default spreads on Deutsche Telekom immediately widened by a

To continue reading...

You need to sign in to use this feature. If you don’t have a 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 indvidual account here: