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Published on 1/7/2022 in the Prospect News Bank Loan Daily, Prospect News Convertibles Daily, Prospect News Distressed Debt Daily, Prospect News Emerging Markets Daily and Prospect News High Yield Daily.

Prospect News reports two new defaults for Dec. 30-Jan. 5 period

By Sarah Lizee

Olympia, Wash., Jan. 7 – Prospect News reported two new defaults for the period of Dec. 30 through Jan. 5.

Specifically, Prospect News reported a restructuring by Renault Brilliance Jinbei Automotive Co. Ltd. and a Canada Business Corporations Act (CBCA) filing made by Stone Investment Group Ltd.

Prospect News also reported a Chapter 15 filing made by Huachen Energy Co., Ltd. and a missed interest payment by Escher Marwick plc, but both of these companies had previously defaulted.

No other defaults have been reported by Prospect News so far in 2022.


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