MARKET TALK: BP Downgraded By S&P: CDS So Far Unchanged

17th Jun 2010 21:17

2016 GMT [Dow Jones] S&P cut the rating for BP PLC to A from AA- and the rating of BP Finance to A- from A+. BP's CDS spread held steady at 470BP on the news, or $470,000 to cover $10 million of debt each year for five years, according to Markit. BP's CDS was quoted as tight as 400BP this morning, and closed Wednesday at 614BP. ([email protected]) Contact us in New York. Darlene Ross, 212 416-2166; [email protected] (END) Dow Jones Newswires June 17, 2010 16:17 ET (20:17 GMT)

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Share	Price	Change
80 Mile (80M)	0.96	37.54%
Nativo Resources (NTVO)	0.42	13.51%
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Zanaga Iron Ore Company Limited (ZIOC)	3.90	10.48%

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Share	Price	Change
Mothercare (MTC)	0.13	-35%
Craneware (CRW)	1,044.00	-22.21%
Kefi Gold & Copper (KEFI)	0.666	-13.84%
Elixirr International (ELIX)	540.00	-13.18%
Acuity RM Group plc (ACRM)	1.30	-12.75%

Top By Volume

Share	Price	Volume
80 Mile (80M)	0.96	211,023,744
Kefi Gold & Copper (KEFI)	0.666	173,468,772
Buccaneer Ergy (BUCE)	0.014	119,910,787
Nativo Resources (NTVO)	0.42	93,237,923
Forgent (FORG)	0.008	86,602,343

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