| FIVE YEAR CREDIT DEFAULT SWAP LEVELS (MARCH 21, 2001) | |||
| Name | Bid | Offer | Ratings (Moody's/S&P) |
| U.S. | |||
| CIT | 105 | 115 | A1/A+ |
| Citigroup | 36 | 46 | Aa2/AA- |
| Enron | 145 | 160 | Baa1/BBB+ |
| Ford | 92 | 102 | A2/A |
| Georgia Pacific | 260 | 280 | Baa2/BBB- |
| Hilton | 160 | 180 | Baa3/BBB- |
| IBM | 52 | 62 | A1/A+ |
| Sears Roebuck Acceptance | 75 | 85 | A3/A- |
| AOL | 70 | 80 | Baa1/BBB+ |
| TXU Corp. | 100 | 120 | Baa3/BBB |
| Europe | |||
| Ahold | 47 | 53 | Baa1/BBB+ |
| BSkyB | 275 | 325 | Ba1/BB+ |
| Credit Lyonnais | 49 | 55 | A2/A- |
| DaimlerChrysler | 130 | 140 | A1/A+ |
| Deutsche Telekom | 155 | 165 | A2/A- |
| Poland | 35 | 45 | Baa1/BBB+ |
| Tecnost | 215 | 235 | Baa2/BBB |
| Turkey | 800 | 1000 | B1/B |
| Unicredito Italiano | 45 | 49 | Aa3/A+ |
| Vivendi | 120 | 130 | Baa2/BBB |
| Japan | |||
| BOTM | 65 | 75 | A2/A- |
| Japan | 18 | 22 | Aa2/AAA |
| NTT | 35 | 45 | Aa1/AA |
| Toyota | 25 | 35 | Aa1/AAA |
| Asia Ex-Japan | |||
| China | 50 | 60 | A3/BBB |
| Hutchison Whampoa Finance | 130 | 140 | A3/A |
| Korea | 132 | 142 | Baa2/BBB |
| Malaysia | 130 | 140 | Baa2/BBB |
| Latin America | |||
| Argentina | 850 | 1000 | B1/BB- |
| Brazil | 585 | 640 | B1/B- |
| Colombia | 625 | 700 | Ba2/BB |
| Mexico | 250 | 280 | Baa3/BB+ |
| Venezuela | 740 | 840 | B2/B |
| Source: Lehman Brothers |
Five Year Credit Default Swap Levels March 21, 2001
