date:Aug 22, 2013
d to release earnings on August 29.
CDS is essentially insurance purchased against a company defaulting on its debt, and a widening of the spreads indicates the market believes a default is somewhat more likely.
But while the iconic soup maker's spreads have widened, market opinion in the name seems to be cautiously positive. Analysts from Bank of America Merrill Lynch last month said they were surprised by how well the company has performed in 2013.
Campbell's is in a better position today t