Oracle’s Credit Default Swaps Surge Past Financial Crisis Peak
Oracle’s five-year CDS reached a record 215 basis points, topping its 200 bp peak during the Global Financial Crisis.
ORCL
Oracle’s five-year credit default swap (CDS), a measure of the cost to insure its debt against default, has climbed to around 215 basis points. This marks the highest level on record, surpassing its previous peak near 200 basis points during the Global Financial Crisis.
The increase indicates a heightened perception of credit risk for the company.
Source: First Squawk