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Indian corporate CDS spreads widening

|Includes:AAB, EPI, HDB, ICICI Bank Ltd. (IBN), ICN, IFN, INDL, INDY, INDZ, INR, RELFF, RS, TCL, TELNY, TTM, VOD

As European financial contagion spreads across the world, previously unaffected Indian companies are now seeing how global risk reduction can affect their own borrowing costs, both domestically and from external commercial borrowings (ECB). And as if to make matters more volatile, India's own domestic banking system is feeling the pressure of a significant one-time outflow of capital at the same time.


Disclosure: long all stocks

Stocks: IBN, HDB, INDY, INDZ, INDL, TTM, TCL, VOD, TELNY, RELFF, RS, ICN, INR, EPI, IFN, AAB