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...
We must follow this meeting of the central bankers closely, argues Fabrizio Quirighetti, CIO and co-head of multi-asset at SYZ Asset Management.
Spent seven years at Aviva Investors
Second profit warning since June
Moved to Switzerland in 2010
Joins Vanguard, JPMAM, Hermes in shouldering costs