S&P: LandSource Bankruptcy Expected in May
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2008-04-29 — lcdcomps.com
LandSource Communities Development is expected to file for bankruptcy within two to three weeks, lenders said today following a private call. A filing would push the default rate in the S&P/LSTA Leveraged Loan Index to 1.25% by principal amount, and to 1.91% by number of issuers.
We covered the default event itself yesterday.
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