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Article: Fitch Solutions: CDS, Liquidity Diverges for Alcoa & Asian Retailers
- Article from:
- Wireless News
- Article date:
- July 8, 2009
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Wireless News
07-08-2009
Fitch Solutions: CDS, Liquidity Diverges for Alcoa & Asian Retailers
Type: News
While spreads are narrowing among one of North America's largest metal companies and various retailers in Asia, liquidity among these entities is traveling in very different directions, 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 credit spreads for ALCOA Inc. have tightened sharply in recent weeks, liquidity has also increased. ALCOA is now trading in the sixth percentile up from the 10th, with a CDS liquidity score of 7.38. "Recent negative U.S. ...