RPT-CDS on most big European firms rally in 2006 - SG

Newswire

(Repeats to fix typo in "firms'" in first paragraph) By Richard Barley LONDON, July 28 (Reuters) - The cost of insuring the debt of most big investment-grade European companies against default has fallen this year, data from Societe Generale shows, despite growing concerns over the outlook for firms' creditworthiness. A list from SG published on Friday, covering many of Europe's large borrowers, shows that credit default swaps on more than four-fifths have tightened or held steady this ...

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