Recovery Rates From Distressed Debt : Empirical Evidence From Chapter 11 Filings, International Litigation, and Recent Sovereign Debt Restructurings »
Series: IMF Working Papers
Author(s): Manmohan Singh
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 August 2003
Keywords: Distressed debt, Chapter 11, Sovereign litigation, bond, bonds, market debt, sovereign debt, central bank, International Lending and Debt Problems, International Law
On a credit rating-adjusted basis, spreads on U.S. high-yield debt have typically been regarded as a lower bound for emerging market debt. However in the C-rated and defaulted segment, emerging market debt has trad...