FirstEnergy Solutions notes mixed as it disputes study; American Tire dips

By James McCandless

San Antonio, April 30 – Traders reported a slow day in the distressed debt market indicative of the last day of the month.

FirstEnergy Solutions Corp. notes were mixed as the company disputed a study from a regional transmission organization that claimed that closing at-risk plants would not hurt the regional power grid.

American Tire Distributors issues were sent back down after a roller coaster week predicated on Goodyear severing its relationship with the company.

Ensco plc paper was heavily traded but level after the company posted its Q1 report last week, missing earnings and revenue targets.

Intelsat SA notes were down. A subsidiary was recently made a part of a government project. Frontier Communications Corp. issues were mixed as the company’s search for a buyer for certain assets continues. Mallinckrodt plc paper declined in the healthcare space.

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