Creditors left with sour taste as two food companies file for bankruptcy

By Dan Alderson and Michelle D'souza

Credit investors have been left to digest two US food company bankruptcy filings this week, with dairy producer Dean Foods triggering the first credit event to hit on-the-run series 33 of the CDX HY index, while Houlihan's Restaurants has also sought protection

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TAGS: CDS High yield bonds CLO Distressed debt Credit derivatives North America