Neither Debt Title Nor Industry Biggest Factor In Default Recovery

With “the next downturn” in sight, a Moody’s report seeks to gain insight from how debt is structured relative to default and investor recovery data. What matters in recovering assets after a loan has gone bad is not so much based on how that asset is titled as it does on where in the structure the lender has positioned themselves for repayment. Also, bank debt aint what it used to be according to the new report.   Lender structure location matters most when reclaiming assets With its Ultimate Recovery Database covering over 5,500 debt instruments and 1,100 non-financial companies that…