Credit event hits new CDX HY as Crossover name's default risk surges

By Dan Alderson

Friday, April 03, 2020

Whiting Petroleum has triggered a bankruptcy credit event, the Americas Determinations Committee has ruled, making it the first constituent default in newly on-the-run series 34 of the CDX HY index

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

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