Intelsat's Confirmation, Nordic Aviation Capital's Chapter 11 Filing: State of Distressed Debt
In this State of Distressed Debt edition, BI distressed credit analyst Philip Brendel and Global Credit Strategy head Noel Hebert discuss why higher rate fears and omicron may not derail the credit rally through 1Q. The two also review Intelsat's confirmation, a recent Hertz legal decision, Nordic Aviation Capital's Chapter 11 filing, and some highs and lows of bankruptcy auction experiences.