Sellers of Tribune CDS Protection Face Large Payout

Matthew Cowley reports: The dire conditions facing media companies were highlighted by this week’s auction to settle credit derivatives ... agency, had already suggested that recovery values would be “negligible” for the bonds, at between zero and 10% for secured notes and debentures, senior unsecured debt, and subordinated debt [more...]

Date: 2009-01-07 09:50:00

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Sellers of Tribune CDS Protection Face Large Payout

Matthew Cowley reports: The dire conditions facing media companies were highlighted by this week’s auction to settle credit derivatives ... agency, had already suggested that recovery values would be “negligible” for the bonds, at between zero and 10% for secured notes and debentures, senior unsecured debt, and subordinated debt [more...]

Date: 2009-01-07 09:50:00

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