Default Swaps in US Fall for Third Week to Lowest Since August
BusinessWeek
Credit-default swaps tied to Transocean Ltd. fell to the lowest level in almost three months. The gauge declined after Greek Finance Minister Evangelos Venizelos said the government was “one step away” from completing talks on a voluntary debt swap and ...
Credit-default swaps drop to lowest since August on Fed outlookWorcester Telegram
Corporate Credit Quality Rapidly Improving, CDS Indexes ShowWall Street Journal

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Financial Times

Portugal Default Swaps at Record as Greece Spurs Loss Concern
BusinessWeek
27 (Bloomberg) -- Portuguese credit-default swaps rose to a record amid concern the government may seek to copy a proposed Greek deal for private investors to take losses on their bondholdings. Credit-default swaps insuring $10 million of Portuguese ...
Investors cue up Portugal as the next GreeceReuters
European Defaults: After Greece, Portugal Is NextSeeking Alpha
Portuguese bonds hit as traders fear defaultFinancial Times
Wall Street Pit
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Bloomberg

Nightmare of disorderly default focuses minds on Greece
Reuters
The prospect of that horror scenario playing out in Greece is focusing minds across Europe as the threat of default remains all too real. At best, if private creditors walk away from a voluntary debt restructuring, a disorderly default would shut Greek ...
Greek Debt Wrangle May Pull Default TriggerBloomberg
Avoid Greek default at all cost - BarrosoRTE.ie
DAVOS:EU Rehn: Greek Default Would Have Devastating Impact On Euro ZoneWall Street Journal
San Francisco Chronicle
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Strategic Default: When to stop paying the mortagage on house
Economic Times
The couple made a difficult call: They would do a 'strategic default,' and simply stop paying the old mortgage. "We really had to wrestle with it," said Perkins, 60. "We had worked all of our lives to build good strong credit, and we're proud people.

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Euro Can Withstand Greek Default, Spanish Economy Minister Says
BusinessWeek
27 (Bloomberg) -- The euro region can withstand a Greek default, Spanish Economy Minister Luis de Guindos said, as he pledged to overhaul Spain's financial system without adding to the burden on public finances. “It is strong enough for sure,” Guindos ...

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West Penn Power Company Announces Results of Default Service Auction
MarketWatch (press release)
/quotes/zigman/201722/quotes/nls/fe FE -1.08% , announced today that the Pennsylvania Public Utility Commission (PUC) has approved the results of the company's seventh default service auction. The auction, held on January 16, 2012, was to purchase ...

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FX Empire

Greek Debt Wrangle May Pull Default Swaps Trigger: Euro Credit
San Francisco Chronicle
27 (Bloomberg) -- Opposition to payouts on Greek credit-default swaps from European Union policy makers is softening as disputes over a voluntary debt exchange threaten to push the nation into default. Any agreement between the Greek government and the ...
Credit Default Swaps (CDS) and Greece-Italy-Portugal & SpainFX Empire

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Default risks could sour demand for emerging corporate debt
Reuters
By Carolyn Cohn | LONDON (Reuters) - More emerging market companies are likely to default as the world economy slows and Western banks rein in lending, a risk that is unnerving investors who were snapping up their debt just a year ago.

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Bloomberg

Europe's Defenses Against Greek Default Too Weak, Soros Says
Bloomberg
Play Video Billionaire investor George Soros said European policy makers haven't done enough to insulate the rest of the region from any Greek default. “If Greece defaults it should not be the end of the world,” Soros said in an interview with ...
DAVOS: Soros Takes Europe To Task Over Greek Default ThreatWall Street Journal
Soros Says Greek Default May Not Result in Greece Euro ExitBusinessWeek
George Soros: Greek Default May Not Result in Greece Euro ExitGreek Reporter
BBC News -Moneycontrol.com
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Indonesia shipper nears default, blames global slump
Reuters
By Janeman Latul and Umesh Desai SINGAPORE/JAKARTA, Jan 27 - Indonesia's largest oil-and-gas shipping company PT Berlian Laju Tanker Tbk teetered on the brink of default Friday, blaming a slump in freight markets for freezing payments on its debt of $2 ...

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