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)
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