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Prospect News home > News index > List of issuers E > Headlines for Employees Retirement System of the Government of the Commonwealth of Puerto Rico > News item |
Rite Aid notes crater after merger called off; Ultra Petroleum drops on earnings release
By James McCandless
San Antonio, Aug. 9 – Traders described Thursday in the distressed debt market as crowded amid multiple earnings statements.
Rite Aid Corp. notes cratered after the cancellation of a merger with grocery chain Albertsons, prompting several ratings changes.
Ultra Petroleum Corp. issues declined after the Thursday morning release of its Q2 earnings report, missing earnings and revenue estimates.
Commonwealth of Puerto Rico paper improved after Wednesday’s news that the government reached an agreement with sales tax bondholders.
Frontier Communications Corp. notes were mixed. The company released a disappointing earnings report last week.
Sanchez Energy Corp. issues saw another multi-point decline. A recent Q2 earnings report did not meet analyst estimates.
Diebold Nixdorf, Inc. paper saw another multi-point decline as the market continues to react to a disappointing earnings report.
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