Fitch Analyzes First Lien Issues with Atypically Low Recovery Rates
The Table of Contents is as follows:
--List of Outlier Issues and Recovery Rates
--Contractual or Structural Disadvantages
--Flawed Business Model --Secular Decline
--Outlier Issuers Compared With Broad Group
--Bankruptcy Case Outcomes
See Fitch special report, First-Lien Issues with Poor Recovery Rates dated Nov. 3, 2015.