MARKET TALK: BP CDS Widen Again As Uncertainty Mounts

1325 GMT [Dow Jones] Credit default swaps on BP have risen to 492.5 BP from 478.3 BP Monday, or $492,500 per year to cover $10 million for five years. The company is in a public spat with its Deepwater Horizon partner Anadarko Petroleum over potential clean-up costs and the uncertainty over the company's fate is still unknown. BP's chief of staff admitted that the financial consequences of the disaster would be severe. The company's probability of default within the next five years is now 34.5%, up from 33.6% Monday, according to CMA DataVision. Anadarko's is 41.5%, up from 41.4% Monday.(katy.burne@dowjones.com) Contact us in New York. Darlene Ross, 212 416-2166; darlene.ross@dowjones.com (END) Dow Jones Newswires June 22, 2010 09:27 ET (13:27 GMT)