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Article: Fitch Solutions: Sector Struggles Evident in Higher Carnival, Rite Aid Liquidity.
- Article from:
- Health & Beauty Close-Up
- Article date:
- September 23, 2009
CopyrightCOPYRIGHT 2009 Close-Up Media, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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In a heavy week of earnings, the rising liquidity of two U.S. companies show further evidence of continued stress in both the travel & leisure and retail sectors, according to Fitch Solutions in its latest update on Global CDS Spreads/Liquidity Scores for companies scheduled to come out with earnings announcements in the coming week.
While CDS spreads continue to tighten for Carnival Corp., its rising liquidity shows a business that has been adversely affected by the lower demand for luxury cruises brought on by the global economic slowdown and the swine flu outbreak. 'Rising oil prices are partially responsible for increasing uncertainty around Carnival given ...
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