Nov. 3, 2009 (Business Wire) -- In another heavy week of earnings announcements, several travel & leisure companies are showing rising liquidity with tightening spreads, while spreads are widening among some major media companies, according to Fitch Solutions in its latest update on Global CDS Spreads/Liquidity Scores for companies scheduled to come out with earnings announcements in the coming week.

'There remains concern in the travel and leisure sector, despite tightening spreads, of the strength in the pick up in consumption on hotels, car rental, luxury cruises and gambling,' said Author and Managing Director Thomas Aubrey. 'Additionally, widening spreads among cable and media companies may be pointing to prolonged tension between various U.S. television networks and their affiliates regarding cable and satellite television revenues.'

North America:

AmerisourceBergen Corporation (CONSUMER SERVICES/Food & Drug Retailers)

Credit spreads have widened over the last three months with the five-year point widening from 38 bps to 49 basis points (bps), an increase of 31%. Liquidity on AmerisourceBergen Corporation decreased from trading in the 51st percentile to the 59th percentile. Its liquidity score decreased from 9.10 to 9.61 over the three-month period.

Avis Budget Group, Inc. (CONSUMER SERVICES/Travel & Leisure)

Credit spreads have tightened over the last three months with the five-year point tightening from 869 bps to 631 bps, a decrease of 27%. Liquidity on Avis Budget Group, Inc. increased from trading in the 12th percentile to the seventh percentile. Its liquidity score decreased from 7.45 to 7.47 over the three-month period.

Cablevision Systems Corporation (CONSUMER SERVICES/Media)

Credit spreads have tightened over the last three months with the five-year point tightening from 427 bps to 395 bps, a decrease of 8%. Liquidity on Cablevision Systems Corporation increased from trading in the 44th percentile to the 24th percentile. Its liquidity score increased from 8.80 to 8.25 over the three-month period.

Cardinal Health, Inc. (CONSUMER SERVICES/Food & Drug Retailers)

Credit spreads have widened over the last three months with the five-year point widening from 36 bps to 51 bps, an increase of 41%. Liquidity on Cardinal Health, Inc. decreased from trading in the 26th percentile to the 29th percentile. Its liquidity score decreased from 8.11 to 8.41 over the three-month period.

CBS Corporation (CONSUMER SERVICES/Media)

Credit spreads have tightened over the last three months with the five-year point tightening from 221 bps to 186 bps, a decrease of 16%. Liquidity on CBS Corporation remained trading in the first percentile. Its liquidity score decreased from 6.63 to 6.89 over the three-month period.

Comcast Corporation (CONSUMER SERVICES/Media)

Credit spreads have widened over the last three months with the five-year point widening from 89 bps to 146 bps, an increase of 64%. Liquidity on Comcast Corporation decreased from trading in the 14th percentile to the 15th percentile. Its liquidity score decreased from 7.51 to 7.82 over the three-month period.