The bond risk for Tokyo Electric Power Co., from whose stricken Fukushima nuclear plant highly radioactive water is flowing into the sea, surged the most since June on concern delays in getting reactors started at another atomic plant will spoil its loans.
The cost to insure the debt of Tepco surged 20 basis points to 272 basis points last week, the steepest five-day climb in two months, according to data provider CMA. Japan’s benchmark for credit risk rose 2 to 95 last week, while the credit-default swaps of U.S. investment-grade utilities increased 1 to 78.
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