Rating Draws In M&S Protection Premium
The cost of purchasing protection on Marks & Spencer dipped after the U.K. retailer’s Baa2 rating was confirmed Wednesday.
The cost of purchasing protection on Marks & Spencer dipped after the U.K. retailers Baa2 rating was confirmed Wednesday.
Five-year credit default swaps on the name closed at 273.8 basis points on the day, according to Bloomberg
data. London traders said CDS had
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