Markit LCDX drops Charter Communications

By Susanna Moon

Chicago, March 30 - Markit LCDX dealers, polled by Markit, voted to conduct a credit event auction for Charter Communications Operating, LLC on a date to be determined.

The event determination date is Friday, according to a press release.

Charter is a constituent of LCDX series 8, 9 and 10.

Charter Communications Holdings, LLC is a constituent of the CDX high-yield index.

The designated priority of the underlying obligations is first lien.

Charter Communications, Inc., a St. Louis-based provider of video services, high-speed internet services and telephone services, filed Chapter 11 on Friday.

Markit provides independent data, portfolio valuations and over-the-counter derivatives trade processing to the financial markets.

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