Top of the Flops - Distressed Watchlist end-June 22

LatAm Weekly — Earnings take center stage as oil, FX and Brazil credit drive the week

Winding Up — UK distress after Starmer, the chancellor trade

Markets have taken Keir Starmer’s resignation in their stride. Gilts have not blown out, sterling has remained broadly stable, and the reaction has been a far cry from the volatility triggered by the Truss mini-budget.

The Default Notice — 9fin AI unearthed story on law firm’s AI ‘hallucinations’

In April, 9fin broke the news that Sullivan & Cromwell had filed AI-hallucinated citations in a US bankruptcy court. What made the story particularly interesting was that it was 9fin's own AI that flagged it, with one of our actual lawyers picking up the alert, digging into the docket, and publishing the analysis.

Winding Up — Co-ops. A double-edged sword?

LatAm Weekly — Oil price shock means upside for some producers, and Braskem gets a green light

Asia weekly — Borrowers navigate choppiness in markets