The
iTraxx S42 Europe Final List has now been published. Kindly note the below changes for iTraxx S42 Europe Crossover from the Provisional List.
Optics Bidco S.p.A. (RED Ticker: OPTICBI) Upon further review, S&P DJI has deemed appropriate to include OPTICBI as to date, no determination has been made by the ISDA Determinations Committee on a succession event for Telecom Italia SPA (RED Ticker: TIIMN).
Lagardere SA (RED Ticker: LAGASA) Upon further review, S&P DJI has deemed appropriate to not include LAGASA as it does not meet the debt threshold.
Dana Financing Luxembourg S.a.r.l (RED Ticker: DANAFIN) Upon further review, S&P DJI has deemed appropriate to not include DANAFIN as there is precedence for excluding an entity without country of risk in Europe.
Thames Water Utilities Finance Plc (RED Ticker: THAMWAAA) Upon further review, S&P DJI has deemed appropriate to not include THAMWAA due to concerns around deliverability of its bonds and possible Government involvement.
As a result of these changes:
Allwyn Entertainment Financing (UK) Plc (RED Ticker: ALLWENT) remains in the Index, and
TeamSystem S.p.A. (RED Ticker: TEAMSPA) is added to the Index.
For more information, please contact us at
itraxxadvisory@ihsmarkit.com