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Chemtura default is credit event, says Isda
Thursday, March 19, 2009
Isda announced today that a credit default swap auction protocol will be launched for US chemical company, Chemtura.
The company's 26 US affiliates filed for chapter 11 in the US bankruptcy court of the southern district of New York yesterday.
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CFlux secondary
CLO index levels:
| Index | 6 Feb |
|
| CFlux USD AAA | ↑ | 94.9 |
| CFlux USD AA | ↓ | 81.3 |
| CFlux USD A | ↓ | 75.0 |
| CFlux USD BBB | ↑ | 74.8 |
| CFlux USD BB | ↑ |
72.1 |
| CFlux USD EQ | ↑ | 67.6 |
