GFI released its monthly report on November’s global corporate and sovereign credit default swap performance today. [more...]

According to their press release, Hawaiian Telcom, which missed its interest payment on 3 November, filed voluntary petitions for relief under Chatper 11 of the bankruptcy code in the US bankruptcy court for the the district of Delaware in Wilmington. [more...]

As a relative value trading idea, UniCredit analysts recommend today selling five-year protection on Swisscom for 250 basis points and buying protection on Deutsche Telekom for 145bp for a pick-up of 105bp. [more...]

Spanish builder Sacyr Vallehermoso’s sale of a motorway concession for €7.9 billion to Citigroup should cut its net debt to €12.5 billion and ease liquidity pressures, says RBC Capital Markets today. [more...]

BNP Paribas anticipates 2009 to retain a discriminatory environment, in which issues with weakening credit quality and higher risk profiles will have to pay higher spreads. [more...]

UniCredit posted its results of ranking issuers and bonds in the iBoxx-non-financials area according to their risk of downgrade and risk of downgrade to subinvestment grade over a 6-12 month horizon. [more...]

Bloomberg reports that New York-based Ramius Structured Credit Group is conducting an auction of high-yield loans with bids due on 8 December [more...]

In their analysis of Porche’s 2007/2008 financial year report, UniCredit analysts concluded that a meaningful deleveraging is not anticipated in 2008/09. [more...]

RBC Capital Markets reviewed Kingfisher’s Q3 results. [more...]

In a statement released today, Fitch Solutions announced that it has created new liquidity scores and percentile rankings for widely traded credit derivative assets. [more...]