Frontier mixed amid ratings downgrade; Intelsat mixed after subsidiary brings new issue

By James McCandless

San Antonio, Aug. 3 – The week in the distressed debt market ended with volume remaining fixed on names releasing earnings statements.

Frontier Communications Corp. notes were mixed as Standard & Poor’s issued a ratings downgrade.

Intelsat SA issues were also mixed. On Thursday, a subsidiary priced a $1.25 billion offering of senior notes.

Bristow Group Inc. paper declined. The company posted a disappointing earnings report on Thursday.

California Resources Corp. notes were level. The company released its Q2 earnings report after market close Thursday.

Diebold Nixdorf, Inc. issues improved after surprising analysts with a discouraging earnings report on Wednesday.

American Tire Distributors notes rose again as the company works on its reorganization strategy to generate new business.

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