5/20/2011 | Tepco Credit-Default Swaps Surge Above Levels BP Hit After Gulf Oil Spill

Source: Bloomberg
Date: Friday May 20, 2011
by: Yusuke Miyazawa and Akiko Ikeda

The cost of protecting Tokyo Electric Power Co.’s debt from default surged to a record amid reports the utility will post Japan’s largest corporate loss when it announces earnings today following the Fukushima nuclear crisis.
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