Talen triggers first index-hitting credit event since Europcar

By Dan Alderson

Thursday, May 12, 2022

Talen Energy Supply has triggered a bankruptcy credit event, the Americas Credit Derivatives Determinations Committee has ruled, making this the first default to hit US high yield index CDX HY since September 2020 and the first to hit a CDS index since January last year

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TAGS: CDS High yield bonds Secondary market Distressed debt Default North America Synthetic/SRT

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