High yield recoveries soared in H2 2009, finds Fitch

Monday, February 08, 2010

Fitch Ratings has calculated that the recovery rate on defaulted US high yield bonds nearly tripled in the second half of 2009 compared to the first half of the year.

Comment by: Douglas Watson. Posted 14 years ago [2010-02-09 16:47:39]

Devil is in the details. Mix issues are big: Subordinated vs. Senior Unsecured, vs. Secured. Bankruptcies vs. Restructurings outside of bankruptcy. And finally size mix assuming this is a weighted average.

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High yield recoveries soared in H2 2009, finds Fitch

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