FirstEnergy Solutions notes active as it files bankruptcy; Community Health trades

By James McCandless

San Antonio, April 2 – Traders reported a lagging start to the week in the distressed debt market on Monday as people slowly returned from Easter weekend and investors showed concerns about trade disputes.

FirstEnergy Solutions Corp. notes were active again after it and FirstEnergy Nuclear filed for bankruptcy over the weekend.

Community Health Systems, Inc. saw more activity as it announced Monday that it has completed another hospital sale.

Amid another declining day in oil futures, California Resources Corp. paper led in the distressed energy sector.

Frontier Communications Corp. and Intelsat SA started the week on top of the telecom sector.

Talen Energy and Ensco plc also traded in energy. Revlon, Inc. started the week leading volume in the distressed retail space.

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