Frontier triggers credit event but HY equity tranches outperform

By Dan Alderson

Thursday, April 16, 2020

Frontier Communications has triggered a bankruptcy credit event, the Americas Determinations Committee has confirmed. This is the fourth credit event to hit recently off-the-run index CDX HY series 33, on which on-the-run index tranches are based and for which recoveries have so far been very low

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

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