Qantas bond risk flies as S&P cuts rating to junk

Shares drop to record low as default risk rises on expectation of losses

Wed, Dec 11, 2013 - 6:00 AM

[SYDNEY] Qantas Airways Ltd's bond risk climbed above lower-rated British Airways Plc for the first time since 2007 as Australia's largest carrier considers asset sales to help fund new aircraft purchases.

The cost of insuring Qantas against a default rose 65 basis points to 280 basis

Breaking News

07:13 am

Oil settles higher; fears of Iran sanctions end early slide

07:09 am

World's first penis, scrotum transplant done in US

07:06 am

George HW Bush hospitalised days after wife's death: office

07:01 am

Nine dead, 16 hurt by van plowing over Toronto sidewalk: police

06:54 am

Europe: Shares supported by financials; UBS disappoints

06:50 am

Australia's central bank in 'no particular rush' to raise rates

1	Temasek unit to open private equity door for retail investors
2	Qoo10 takes e-commerce fight to next level with bulked-up war chest
3	Asbestos found on St John's Island, more than half of the island sealed
4	SGX says IPOs picking up, but brokers say structural issues remain
5	Stocks to watch: Noble, DeClout, Keppel Corp, China Jinjiang Environment

Transport

You are here

Qantas bond risk flies as S&P cuts rating to junk

Razer sharpens e-payment focus with full ownership of MOL Global

RIP: Annual reports on CD-ROM

Deliveroo serves up online-only eateries and menus

Must Read

Razer sharpens e-payment focus with full ownership of MOL Global

RIP: Annual reports on CD-ROM

NTUC names Ng Chee Meng, Koh Poh Koon to deputy sec-gen posts

To be global manufacturing hub, Singapore firms need deep capabilities: Iswaran

You are here

Qantas bond risk flies as S&P cuts rating to junk

Market voices on:

Sign up for BT Newsletters

Editor's Choice

Most Read

Must Read