Markit Recap – 9/18/2017

Toys R Us triggers CDS credit event

Toys R Us became the latest CDS name to default after it filed for Chapter 11 bankruptcy protection. There have been lots of contentious credit events this year (Noble, Banco Popular, Monte to name a few) but this one was cut and dried. An auction will be held in due course, which will be the eighth auction in 2017.