The credit market is pricing in a 36% chance BP will default within five years as the oil giant deals with the fallout from the Gulf of Mexico disaster.
The default risk implied by credit default swaps is up from 7% one month ago, according to CMA DataVision prices. BP swaps climbed 70.5 basis points to 576.5 yesterday, Bloomberg reports. BP debt due...
Could spell risks for investors
UK economy hits a seven-year low
William Ball, senior equity analyst at Sanlam Private Wealth, discusses the advantage of underappreciated companies during times of market uncertainty.
Despite underperformance in June
Effective 20 July