Antero notes in focus after ratings shift; Ferrellgas better as votes solicited

By James McCandless

San Antonio, Dec. 22 – During Tuesday’s activity in the distressed debt space, developments in the energy space garnered the most attention.

Antero Resources Corp.’s notes varied after a subsidiary was on the receiving end of a positive ratings shift.

As oil futures declined for a third straight day, Callon Petroleum Co.’s issues followed while Occidental Petroleum Corp.’s and Transocean Ltd.’s paper rose.

Meanwhile, propane supplier Ferrellgas Partners, LP’s notes were better as the company started soliciting votes on its reorganization plan.

Air travel name American Airlines Group Inc.’s issues climbed and United Airlines Holdings, Inc.’s paper dipped as the industry awaited new stimulus.

In the retail space, L Brands, Inc.’s notes diverged a day after announcing new Bath & Body Works executive hires.

Sector peer Nordstrom, Inc.’s issues pushed higher.

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