date:Aug 22, 2013
Campbell Soup Co has seen its credit default swaps (CDS) grind slowly wider over the past couple weeks, as the US food giant gets ready to release fourth-quarter and full-year earnings next week.
The 4bp shift to 58bp, though small in absolute terms, is significant for an A2/A-/BBB+ rated company such as Campbell's , which trades significantly behind the IG20 index of CDS for investment-grade companies and is well known in the markets for being financially conservative.
The company is schedule