Weatherford faces credit event auction with 50% area recoveries implied

By Dan Alderson

Tuesday, July 09, 2019

The Americas Credit Determinations Committee has agreed to hold an auction to settle CDS referencing Weatherford International, having ruled last week the Houston headquartered oilfield services provider had triggered a bankruptcy credit event

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TAGS: CDS Europe High yield bonds Marathon Distressed debt North America Synthetic/SRT

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