Business Feb 9, 2015

Fuel-cost drop cuts Tepco bond risk to post-3/11 low

Tokyo Electric Power Co.'s bond risk fell to the lowest since the 2011 tsunami wrecked its Fukushima No. 1 atomic plant, as lower fuel costs buoyed earnings of Japan's utilities. The cost to insure Tepco's debt against default dropped to 140 basis points on Feb. ...