Washington Mutual debt protection costs jump

NEW YORK, July 25 (Reuters) - Credit protection costs on Washington Mutual Inc (WM.N) rose sharply on Friday, a day after an analyst said some creditors reduced their exposure to the largest U.S. savings and loan.

The cost of protecting Washington Mutual's debt for five years rose to $1.85 million on an upfront basis, plus $500,000 in annual premiums, up from about $1.35 million plus $500,000 annually on Thursday, according to a trader. For details click on [ID:nN24333662]. (Reporting by Karen Brettell; Editing by James Dalgleish)