Peggy Furusaka
Peggy Furusaka
bond business capital cash cds expect financial markets premium protection sort spread stay unless
Unless some sort of financial support, capital injection or business tie-up materializes, we expect Sanyo's spread in the cash bond and protection premium in the CDS markets to stay wide.
bonds corporate downward financial major management stay towards
Spreads on Sanyo's bonds will probably stay high. Our uncertainty has heightened substantially towards Sanyo's management, corporate governance, financial accountability and the possibility of another major downward revision.