NEW YORK, May 25 (Reuters) - Europe's debt crisis has been hard on credit spreads of U.S. companies but few have been hit harder than TRW Automotive, the auto supplier that depends on Europe for about 58 percent of its sales. Last week alone, TRW's five-year credit default swap costs ballooned by nearly 33 percent to 636 basis points, according to data from Markit. They have since retraced some of that move to about 605 basis points but that is still 56 percent wider on the month. ...
Premium Content (PAID Subscription Required)
"US CREDIT-TRW's spreads hit by European concerns" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: email@example.com or phone: (248) 799-2642