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Fitch Solutions: Oil Price Drop Drives Caterpillar's CDS 52% Wider

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NEW YORK--(BUSINESS WIRE)--The continued freefall of oil prices is producing a ripple effect into the industrial sector and, subsequently, the credit default swap (CDS) spreads of Caterpillar Inc. according to Fitch Solutions in its latest CDS Case Study Snapshot. Five-year CDS on Caterpillar have widened 52% over the past month and are at the widest levels seen in over a year. This is in stark contrast to Fitch Solutions' broader North American Industrials CDS Index, which remained largely unc

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