Fears Of Oil Spill Consequences Subside, CDS Spreads Show

Fears over the Gulf oil spill appear to have subsided for now as tighter oil and gas credit default swap (CDS) spreads show, according to Fitch Solutions in its latest weekly Risk and Performance Monitor (RPM).

Credit markets have stopped pricing in additional risk for the oil and gas industry for the time being.”

Jonathan Di Giambattista


Oil & gas companies led a 1.4% overall tightening of global CDS spreads, with spreads coming in 3.4%, more than for any other industry, according to Fitch Solutions.

“Credit markets have stopped pricing in additional risk for the oil and gas industry for the time being,” says Author and Managing Director Jonathan Di Giambattista.

Elsewhere, sovereign CDS spreads outpaced the broader market movement, with the Republic of Peru CDS tightening over 50%.

The “Fitch Risk and Performance Monitor”, which is published on a weekly basis, is available at http://www.fitchsolutions.com.

Related Research: Fitch Risk and Performance Monitor

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2 responses to “Fears Of Oil Spill Consequences Subside, CDS Spreads Show

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