NEW YORK: The amount of debt outstanding at General Motors Corp, Ford Motor Co, General Electric and others dwarfs the amount of credit default swap (CDS) risk on the companies, according to new data.
The data contrast with fears that CDS volumes have surged to represent several times the amount of debt they insure, and that the high volumes raise the risk that protection sellers will be unable to make payments when borrowers default.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!