Australia's CSR Bond Risk Set to Rise Above Four-Month High, JPMorgan Says

(Bloomberg) -- The perceived risk of owning the bonds
of CSR Ltd., Australia's biggest sugar refiner, will exceed
today's four-month high because of uncertainty surrounding a
possible breakup of the company, according to JPMorgan Chase & Co.

``Something is going to change with the group over the next
three to six months and it won't be bondholder friendly,'' Craig
Saalmann, credit strategist at JPMorgan, said today in an
interview.


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