Unless some sort of financial support, capital injection or business tie-up materializes, we expect Sanyo's spread in the cash bond and protection premium in the CDS markets to stay wide.

347

The fact they increased to 42 percent was a major step towards Wal-Mart's commitment to Seiyu and to the Japanese retailing market.

193

Spreads on Sanyo's bonds will probably stay high. Our uncertainty has heightened substantially towards Sanyo's management, corporate governance, financial accountability and the possibility of another major downward revision.

174