Dean Foods notes lose after ratings downgrade; PG&E issues higher

By James McCandless

San Antonio, March 6 – The distressed space closed Wednesday on a net negative as volume was scaled down.

Dean Foods Co.’s notes were losing after receiving a ratings downgrade on Wednesday.

Elsewhere, PG&E Corp.’s issues were higher as a federal judge considers changes to the company’s oversight requirements.

In the medical space, both Endo International plc’s and Mallinckrodt plc’s notes were moving lower on increased attention.

Intelsat SA’s notes were heavily traded but level as doubts mount over the U.S. government’s attitude to C-band.

Meanwhile, sector peer Digicel Group Ltd.’s issues continued to gain amid the backdrop of a new note offering.

Shipping name Navios Maritime Holdings Inc.’s paper traded higher.

In energy, California Resources Corp. notes were mixed while Sanchez Energy Corp.’s issues bounced up.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.