Market Wrap
Winding Up — An Eiffel of distress
- 9fin team
•5 min read
It has been another busy week in distressed debt. We started with Thames Water securitisation noteholders appointing advisors as concerns are mounting over the possible impairment of around £16bn of securitised debt.
But France has been at the forefront as Atos unveiled its restructuring plan to the market on Tuesday (9 April). It has asked for creditor and third party proposals that coincide with its deleveraging plan.