Coal producer Walter skips coupons as bonds languish in single digits
Widely held high yield credit Walter Energy said on Wednesday it would make use of the grace period on two of its bonds to give it more time to negotiate a debt restructuring

Credit default swaps settle at just 11.5 after Radioshack collapse
Credit default swaps on Radioshack settled yesterday at just 11.5 cents in the dollar, the latest in a string of low US corporate unsecured recoveries

Isda committee sets date for Caesars settlement auction
The settlement price for credit default swaps on Caesars Entertainment Opco will be decided this Thursday

Radioshack CDS set to pay out as retailer’s bonds head for low recovery
Isda's determinations committee has ruled that Radioshack has triggered a default on its credit derivatives

Isda promises verdict on Caesars CDS trigger by mid-February
Credit traders will have to wait up to three weeks to find out whether Caesars Entertainment Opco triggered its credit default swaps on 15 December

Credit market fails to decide on Caesars default
Differing grace periods for interest and principal trigger dispute over gaming company debt

Committee ponders default allegation as Radioshack roof caves in
Protection buyer argues that an October refinancing was done to avoid CDS triggering before the 20 December expiration of many contracts

Two loan managers sold Vivarte early, blog shows
London-based TwentyFour Asset Management yesterday posted a blog, in which the firm highlighted how loan managers reacted to Vivarte's default

Defaulting Chinese corporate bond gets Eternal Sunshine guarantee
Debt investors in Shanghai Chaori Solar, widely billed as China's first domestic corporate bond default, will be made good by a guarantee from a state-owned bad bank

Codere turns to UK law to complete its debt work-out
Codere will complete the restructuring of its debt under a UK scheme of arrangement, rather than filing for bankruptcy in Spain

Spain's Codere heads for imminent bankruptcy
Spanish gaming company Codere had trading in its shares suspending this afternoon and is expected to file for imminent bankruptcy

Bond investors face near total wipe-out after Phones4U calls receivers
Bond investors face severe losses on bonds issued by UK phone retailer Phones4U after the company announced this morning that it is going into administration

Isda delays Argentina CDS auction following yen bond challenge
Isda has announced that the auction for Argentine CDS will be delayed until after 2 September

Argentina plans domestic swap for restructured bonds
Argentina's government plans to offer restructured bond holders the option to swap their notes into domestic format bonds, reports the Wall Street Journal

Isda decides that Argentina did default
Isda's determinations committee has rules that Argentina's default will stand

Belt and braces: Isda considers new credit events for Argentina
Isda's determinations committee, which is already considering whether a failure-to-pay credit event has taken place on Argentina, will now also rule on whether a repudiation/moratorium has taken place

Isda faces tough decision: did Argentina default?
determinations committee receives as to whether Argentina has defaulted

Fitch warns that high yield default rates could spike on Caesars
Rating agency says trend of serial defaulters and busted LBOs could continue with Caesars 

Argentine banks cook up plan to buy hold-out debt, reports WSJ
The Wall Street Journal reports that a group of Argentine banks are working on a plan to buy the country's hold-out debt and avert a sovereign default later today

Loan dealers set date for PagesJaunes CDS auction
Loan dealers have set a date of 19 August to hold a settlement auction for credit default swaps written on Solocal

Surging TXU valuation may prompt new debt negotiations, says FT
A dramatic increase in the value of bankrupt Energy Future Holdings (the former TXU) may lead the restructuring agreement between different groups of creditors to unravel