Losses on next default cycle could be bigger than previous cycles, Fitch says

02/18/2014 | Reuters

Investors may take bigger hits in the next leveraged finance default cycle than they did in the previous cycle, according to a report by Fitch Ratings. "Knowledge of insolvency regimes will be critical to cross-border investors when determining recovery and pricing in relative creditor rights," said Sharon Bonelli, Fitch's managing director for US Corporates.

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