Bondholders May Get a Fraction of What They Expected From Defaults

Posted by Tim Hope on 4/25/08 3:54 pm

Fitch Ratings recently reported that junk bondholders may get a fraction of the historic recovery rate from bond defaults.  As the credit market continues to de-lever itself, the ramifications of lending excesses are being felt in many market segments and by many highly experienced fixed income market professionals.

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