ISDA: Bankruptcy credit event occurs for Overseas Shipholding

By Toni Weeks

San Diego, Nov. 15 - The International Swaps and Derivatives Association, Inc. (ISDA) said its Americas Credit Derivatives Determinations Committee determined that a bankruptcy credit event has occurred for Overseas Shipholding Group, Inc.

More information will be published on ISDA's website at isda.org/credit in due course.

Overseas Shipholding is a New York-based tanker company. It filed for Chapter 11 bankruptcy on Nov. 14. The case number is 12-20000.

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