Recovery From Distressed Debt Swaps Beats Bankruptcy, Fitch Says
[ad_1] (Bloomberg) — Distressed debt exchanges have been delivering better average outcomes for lenders compared to bankruptcies, according to a Fitch Ratings report. Such swaps have yielded an average recoveries of between 77.8% and 92.8%, according to Fitch, which analyzed transactions from 2024 through the first quarter. That compares with an average recovery of bankruptcies … Read more