Spreads widen on Munich Re, Aegon, BA Systems and Fiat
Credit default swap spreads widened this week on Munich Re, Aegon, BAE systems and Fiat. But traders said trading was thin and there was very limited movement in other credit spreads in the European market.
In financials, insurers Munich Re and Aegon were both downgraded on Wendnesday, pushing their spreads wider. S&P lowered German Munich Re’s ratings to AA+ from AAA, and Moody’s lowered Dutch insurer Aegon
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