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Prospect News home > News index > List of issuers M > Headlines for Momentive Performance Materials Inc. > News item
Published on 4/15/2014 in the Prospect News Bank Loan Daily, Prospect News Distressed Debt Daily and Prospect News High Yield Daily.

ISDA to decide whether to hold CDS auction for Momentive Performance

By Toni Weeks

San Luis Obispo, Calif., April 15 - The International Swaps and Derivatives Association, Inc. said its Americas Credit Derivatives Determinations Committee determined that a bankruptcy credit event has occurred for Momentive Performance Materials Inc.

More information, including whether a credit default swap auction will be held, will be published on ISDA's website at isda.org/credit in due course.

Momentive is a silicones and advanced materials company based in Albany, N.Y.


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