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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
16 Mar 2011
Special Comment
Distressed Exchanges A Lifeline for Many, Not Enough for Some
28 Feb 2011
Special Comment
Corporate Default and Recovery Rates, 1920-2010
18 May 2010
Special Comment
Distressed-Exchange Defaults Surged in 2009, and Many Could Default Again
05 May 2010
Special Comment
After Black Swans, Now What?
30 Jun 2009
Rating Methodology
Probability of Default Ratings and Loss Given Default Assessments
30 Jun 2009
Rating Methodology
Loss Given Default for Speculative-Grade Non-Financial Companies in the U.S., Canada and EMEA
25 Mar 2009
Special Comment
Distressed Exchanges: Implications for Probability of Default Ratings, Corporate Family Ratings and Debt Instrument Ratings
24 Mar 2009
Rating Methodology
Moody's Approach to Evaluating Distressed Exchanges
12 Jun 2007
Special Comment
Back-Testing Moody's LGD Methodology
25 Sep 2006
Special Comment
Loss Given Default Analytics: Users' Guide Prioritizing Claims and Applying the LGD Model
CA
Moody's CreditAssessment
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