Several asbestos credits notched up this week, with reportedly more investor comfort now that liability cases have stabilized. Crown Cork & Seal traded at 87.25 to 88.25, up from the mid-80s. Owens Illinois traded at 93.5 to 94.25, up from the 92 range. US Industries traded at 82 to 83, up from the high 70s. Meanwhile, quotes for PacifiCare Health Systems's bank debt have dipped in the wake of a rocky refinancing deal. Levels landed in the 75-85 range from a previous level in the mid 90s.
In par news, Charter Communications' bank debt is trading at 99.50, which is up slightly on a firm earnings report. Can West's "B/C' paper is quoted at 101 5/8, also up slightly. The television network company, which is based in Canada, recently reported strong numbers.