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Published on 8/9/2013 in the Prospect News Bank Loan Daily, Prospect News Convertibles Daily, Prospect News Distressed Debt Daily, Prospect News Emerging Markets Daily and Prospect News High Yield Daily.

Prospect News reports one new default for week of Aug. 1 to Aug. 7

By Caroline Salls

Pittsburgh, Aug. 9 - Prospect News reported one new default for the week of Aug. 1 to Aug. 7 in the form of a Chapter 11 bankruptcy filing made by Rural/Metro Corp.

Prospect News has reported 88 defaults so far in 2013, including 46 Chapter 11 filings, 16 missed interest payments, six Chapter 7 bankruptcy filings, five missed principal and interest payments, four distressed exchanges, two each of Chapter 15 bankruptcy filings, involuntary bankruptcy filings, bankruptcy proceedings and missed principal payments and one each of Chapter 9 bankruptcy filings, insolvencies and missed payments.


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