Americas

AMR pays up on offerings as CDS levels rise

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AMR pays up on offerings as CDS levels rise

Credit-default swaps for AMR Corp, parent company of American Airlines, rose to 49.5% upfront yesterday from 29.25% on August 1, suggesting the market considers the airline to be struggling, if not inching closer to filing for Chapter 11. Delta Air Lines and United Continental CDS upfront price is 1...

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