U.S. First-Lien Creditors Are Getting Back Less Than Ever
Category: Credit Research
Published:
Five primary sources point to a credit market systematically repriced against senior secured lenders. Bankruptcy recoveries hit a decade low of 43 cents on the dollar, while liability management transactions have wiped out recovery entirely in 14 documented cases.
Read the full Icarus Asia research note at https://icarusasia.com/research/us-credit-recovery.
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By Icarus Asia — independent strategic advisory and market research on Asian markets.