STATS ChipPAC: Thomson Reuters notes that the credit default swaps (CDS) of STATS have widened the most over the past month among the 24 actively traded CDS in Singapore.
A widening CDS spread indicates a drop in credit-worthiness and growing investor scepticism about a company's ability to service debt.
STAT’s 5-yr CDS spread stood at 402.612 bps on Thurs, having deteriorated by ~25%, or 79.98 bps, over the past month.
The semiconductor firm's shares have fallen nearly 8% since it announced 4Q11 results on Feb 1.
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