Troubled Company Reporter -- Europe November 5, 2015 GRUPO ISOLUX: Becomes Riskiest Company Amid Cash Pressures SECTION: Vol. 16 ISSN: 1529-2754 LENGTH: 241 words Bloomberg News reports that Grupo riskiest company in the world. Isolux Corsan SA is now the Credit-default swaps on the company surged this week to signal a 96% probability of default within five years, up from 82% on Sept. 18, Bloomberg relays, citing data provider CMA. According to Bloomberg, the company is coming under pressure as it seeks to sell assets to raise cash. "Isolux is now the most volatile name in the index," Bloomberg quotes a CDS specialist on the Michael Hampden-Turner credittrading desk at in London, as saying. Standard & Poor's said in June that Isolux doesn't have enough cash and funds from operations to meet debt repayments of about EUR396 million (US $443 million) over the next 12 months, Bloomberg recounts. The company, which reported falling earnings and EUR1.6 billion of debt in August, is planning to sell assets including transmission lines in Brazil, Bloomberg discloses. "There's a risk that Isolux is seen as a distressed seller and Brazil is a distressed market, so it's unlikely that they will get the best price," a senior credit analyst at Al Cattermole in London, as cited by Bloomberg, said. "If they sell the asset for a decent price then the swaps should tighten and that should have an impact on the intrinsic value of the high-yield index." Grupo Isolux Corsan SA is a closely held Spanish engineering and construction company. It builds and manages toll roads, power lines and solar parks from India to Mexico.