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Credit Brief: Selling Junk and Buying ABS; Growing Distress
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Bombardier’s 2028 Unsecured Notes Set New Low, Yield Pierces 11%
Spurned Latam Air Creditors Decry ‘Extreme’ Lender Fratricide
Bausch Health Bonds Drop More Despite Management Assurances (1)
US Leveraged Loan Default Rate to Hit 1.5% by End 2022: Fitch
The US institutional leveraged loan default rate stands at just 0.50% year-to-date despite the slight pickup over the past six weeks, but it’s expected to increase as higher interest rates, inflation and weaker growth take their toll, Fitch Ratings said in a
Puerto Rico’s Oversight Board Praises ‘Watershed’ Tax-Swap Plan
Puerto Rico’s federally appointed oversight board praised local officials for hammering out a deal with the US Treasury that’s expected to bring stability and certainty to local corporations and manufacturers, and guarantee the flow of more than $1 billion in tax revenue
Oaktree in Talks to Refinance Bonds Sold by Key Adler Backer (2)
Oaktree Capital Management is in talks with Aggregate Holdings SA, once the largest shareholder of Adler Group SA, to refinance debt linked to key projects in Portugal.