MARKET TALK: BP's CDS, Bonds Hold Steady

18th Jun 2010 15:35

1434 GMT [Dow Jones] Ratings cuts have done little to affect BP's CDS or bonds today. The oil giant's CDS was quoted at 466BP vs 470 BP at Thursday's close and at 458BP earlier today. The price of BP's 5.25% of 2013 note, its most actively traded, is even at 93 ¾, yielding 7.347%, according to MarketAxess. Moody's cut BP's credit rating three notches this morning and S&P lowered its rating by two notches Thursday afternoon. ([email protected]) Contact us in New York. Darlene Ross, 212 416-2166; [email protected] (END) Dow Jones Newswires June 18, 2010 10:35 ET (14:35 GMT)