Official statement
Solvane Airlines agrees lease deferrals as liquidity tightens
Lease deferrals are not Borrowed Money, but show where bond and loan payments may be tested next.
CDS News
Credit developments and what they mean for CDS
Each story separates what the source states from CDSBench's interpretation and lists what is still unresolved.
Sample stories · fictional entities12 stories
Filed document
Calder Chemicals demerger raises a successor question for its CDS
Which entity assumes the bonds decides where protection follows after the demerger.
Official statement
Aurelia restricts transfers of domestic-law bonds to non-residents
Transfer restrictions can make otherwise eligible bonds fail the Transferable characteristic.
Official statement
Norland announces a voluntary reprofiling of short-dated bonds
A voluntary exchange without binding terms is usually not a Restructuring — the details decide.
Filed document
Brightwater Energy completes an exchange offer with exit consents
Exit consents can strip covenants from the bonds non-participants keep.
Market report
Sample index roll removes two distressed names and adds three
Roll changes affect basis trades and which single names carry index-driven liquidity.
Index rollMarket structure
Mastermind
See a story worked as an analysis
The Mastermind sample takes the Northgate forbearance through instruments, clauses, rule checks, the counterargument and open points.