Isolux circles Crossover credit event club

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Isolux circles Crossover credit event club

Crane city

The fate of credit default swaps referencing Grupo Isolux Corsán Finance hung in the balance on Thursday, with the International Swaps and Derivatives Association’s EMEA Determinations Committee weighing whether the company would become the third of last August’s five widest trading iTraxx Crossover constituents to trigger a credit event in 12 months.

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