Sears CDS external review panel named to solve Determinations Committee impasse

By Dan Alderson

The North America Determinations Committee has selected an external review panel to decide whether two Sears Roebuck Acceptance Corp debt obligations can be delivered into an auction to settle the US retailer’s credit default swaps, having failed to achieve a strong enough quorum among its own 15 members

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