High-yield CDS does not cover all risks – Fitch


A new report from Fitch Ratings seeks to remind the buyers of CDS protection on high-yield names that they are not covered in the event of a bond or loan restructuring.

Fitch analysts say that it is important for investors and other market participants to understand that the structural differences between the high-yield CDS and the high-yield cash market are more acute than in the investment-grade universe.

Whereas the high-grade CDS world has been negotiating itself into knots for the past two

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.


Want to know what’s included in our free registration? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here