(Bloomberg) -- Banca Italease SpA, the Italian
leasing company that had to pay more than $830 million after
derivatives transactions went bad, may lose its investment-grade
debt rating, according to traders of credit-default swaps.
Contracts on 10 million euros ($13 million) of Italease's
debt surged 12,000 euros to a record 95,000 euros today,
according to CMA Datavision. The cost to protect the Milan-based
lender's debt is higher than the 58,000 euros premium for
automaker Fiat SpA debt and the 82,000 euros for British Airways
Plc in London, both ranked high-risk, high-yield.
Read more at Bloomberg Bonds News
leasing company that had to pay more than $830 million after
derivatives transactions went bad, may lose its investment-grade
debt rating, according to traders of credit-default swaps.
Contracts on 10 million euros ($13 million) of Italease's
debt surged 12,000 euros to a record 95,000 euros today,
according to CMA Datavision. The cost to protect the Milan-based
lender's debt is higher than the 58,000 euros premium for
automaker Fiat SpA debt and the 82,000 euros for British Airways
Plc in London, both ranked high-risk, high-yield.
Read more at Bloomberg Bonds News
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