The protection cost of BP debt is prohibitive

Investors who are exposed to BP debt are today paying fourteen times as much the protection against non-payment by the English oil tanker. The cost of its credit default swap has, therefore, skyrocketed since the start of the catastrophe which occurred in the Gulf of Mexico. Under pressure from the American government, BP group has deposited 20 billion USD in a time deposit account in order to indemnify the victims of the oil slick.