Financial Credit Risk in Europe Increases to Highest Since 2013
Why You Need to Pay Attention to Credit Analysis
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A measure of credit risk for banks and insurers in Europe rose for a ninth day, climbing to the highest level since 2013.
The Markit iTraxx Europe Subordinated Financial Index of credit-default swaps insuring lower-ranking debt increased as much as 15 basis points to 318 basis points, and was at 306 basis points at 5:40 p.m. in London, according to data compiled by Bloomberg.