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Loss Given Default (LGD)
Section Overview
Loss Given Default (LGD) assessments and probability of default (PD) ratings provide additional transparency into the composition of Moody's traditional long-term ratings and help market participants understand how the composition of companies' capital structures could impact various instruments' ultimate recovery rates in the event of default. Moody's has assigned LGD assessments and PD ratings to more than 1,200 speculative grade companies in the US, Canada, and EMEA.
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Date
Document Type
Title
Issuer/Entity
27 Jul 2011
Special Comment
European Leveraged Loans: Robust Recoveries in Recent Downturn
07 Jul 2011
Special Comment
Firm-Wide LGD: Still No Silver Bullets
10 Mar 2011
Special Comment
Covenant-Lite Loans May Prove Riskier in the Next Downturn
08 Dec 2010
Special Comment
PIK Toggle: Not So Kind During the Downturn
07 Dec 2010
Special Comment
Building the Better LGD Mousetrap
07 Jun 2010
Default Report
Monthly Default Report - May 2010
11 Dec 2008
Special Comment
Migration of Debt Structures and Revolver Usage as Firms Approach Default
15 Nov 2007
Special Comment
Adjusting Moody's LGD Assessments to Meet Basel II Downturn Requirements
19 Sep 2007
Special Comment
Second Lien Debt Historical Recovery
12 Jun 2007
Special Comment
Back-Testing Moody's LGD Methodology
CA
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