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Dealers vote for Charter Communications credit event auction
Tuesday, March 31, 2009
Dealers have voted to hold an auction to settle credit default swaps and LCDS referencing Charter Communications, following the company's bankruptcy filing on Friday. Charter's operating company is a constituent of LCDX series eight, nine and 10, while the holdco is referenced in CDX HY.
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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 |
