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Thursday, February 26, 2009

Leveraged loan recovery rate

Loan investors are waking up to the harsh reality that they could end up with much less than they had bargained for.

Recovery rates on leveraged loans, a type of debt used by many companies during the credit boom to fund buyouts, indicated in recent bankruptcies have been less than 25%, well below the historical average of more than 80%.
http://online.wsj.com/article/SB123561585107778441.html?mod=loomia&loomia_si=t0:a16:g2:r1:c0.135252:b0

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