Isda committee rules on Mexican construction company
Isda has ruled that a credit event has occurred in relation to Urbi Desarrollos Urbanos

2007 US CLO hits EoD on its redemption date
When equity investors in Integral Funding, a 2007 CLO, pushed the call button on the deal they probably envisaged the procedure to be straightforward and above all, uneventful. That was not to be.

Spanish bank triggers credit event, rules committee
Isda’s credit derivatives determinations committee has ruled that a restructuring credit event has taken place on Bankia

ISDA committee set to rule on Bankia sub debt swap
ISDA accepts question of whether debt swap offered to subordinated and hybrid Bankia note holders constitutes default. 

Auctions set price for yellow pages loans
Dealers have determined the final credit default swap pay-out on SuperMedia and Dex Media West loans

Low recoveries expected following yellow pages defaults
Isda’s credit derivatives determinations committee is set to consider whether Dex One and Supermedia have triggered credit events

Isda sets date for SNS credit event auction
Isda’s determinations committee has set a date of 4 April to hold an auction to cash-settle credit default swaps on SNS Reaal

Isda continues hunt for junior SNS deliverables
Isda yesterday published a list of bonds that are deliverable into credit default swaps written on SNS Reeal

Bankrupt coal burner sees CDS valued at 48.5 cents
The first credit settlement auction of the year was held yesterday - for Edison Mission Energy

CDS auction delivers relatively low recovery for shipping firm's bonds
Final results of Overseas Shipholding Group CDS auction sees relatively low recovery price

Natixis pushes Spanish property group into bankruptcy, say press reports
Creditor banks have forced a Spanish company into the country’s largest bankruptcy, according to press reports

Leveraged loan default rates will stay low, predict managers
Loan managers believe that default rates will remain subdued, according to a new survey by the Loan Syndications and Trading Assocation

Isda calls for more information on Eircom deliverables
Isda says it has not yet been able to decide whether or not there should be an credit settlement auction for Eircom

Second US airline files for bankruptcy in 2012
Regional US airline Pinnacle Airlines filed for chapter 11 bankruptcy on Sunday with debts of $1.4 billion.

Isda will rule on Sino Forest credit event after bankruptcy filing
Isda’s determinations committee will consider whether Chinese forestry producer Sino Forest has triggered a credit event this week

Sino-Forest files for bankruptcy amid fraud allegations
Chinese timber company Sino-Forest declared on Friday that it is filing for bankruptcy in Canada following allegations of fraud against the company.  

Eircom says it will miss a bond interest payment, despite holding the cash.
Irish telecoms group Eircom will miss a €5.7 million interest payment, despite holding sufficient cash.

High yield default rate edged higher in January, says Moody's
Moody's default rate edges higher in January with seven new defaults.

Asia sees two defaults as issuers refuse to pay lenders
China Medical Technologies was downgraded after missing a coupon payment, while an Indonesian shipping company declared its intention to halt debt repayments today.

LCDX consistuent NewPage files for bankruptcy
A bankruptcy filing early today by troubled US paper company Newpage has added to a flurry of defaults this week

Isda committee considers failure to pay by Indian convertibles issuer
Isda’s credit derivatives determinations committee is considering a request by Citi to rule on a default by Cranes Software International

Takefuji becomes latest casualty of stricter Japanese regulations
Japanese consumer lender Takefuji has filed for bankruptcy with JPY433.6 billion ($5.1 billion) in liabilities