TITLE

AMR CDS Pricing in 16.5% Recovery

AUTHOR(S)
Colter, Allison Bisbey
PUB. DATE
December 2011
SOURCE
High Yield Report;12/5/2011, p9
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the 16.5 percent recovery pricing of AMR Corp.'s credit default swaps (CDS) after it filed for Chapter 11 bankruptcy. It states that the CDS pricing came after American Airlines and AMR filing due to the cost of debt, labor and fuel. American Airlines chief executive and president Thomas Horton explains that the accelerating impact of the global economic uncertainty has become for the U.S. carrier.
ACCESSION #
69623179

 

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