Here's what we are reading this morning:
Sinking recovery rates flash warning signs for debt markets | IFR
Trepp: Near-term CRE maturities may be driving 'strategic' defaults | Asset Securitization Report
Bankrupt Chuck E. Cheese Parent Wants to Shred 7 Billion Tickets
Yelp data shows 60% of business closures due to the coronavirus pandemic are now permanent
Federal Reserve Board - Federal Reserve Board and Federal Open Market Committee release economic projections from the September 15-16 FOMC meeting
U.S. Retail Spending Grew at Slower Pace in August - WSJ
Raytheon Deepens Job Cuts to 15,000, Slates Factory Review - Bloomberg
‘Substantial’ E&P Bankruptcies Likely Before Year’s End, Says Haynes and Boone - Natural Gas Intelligence
Mall owner Simon adds intriguing new claim in Taubman MAE case | Reuters
Four Manhattan Projects of Ziel Feldman’s HFZ Capital Group Face Foreclosure - Bloomberg
Seadrill Announces Forbearance Agreements