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Project finance recovery rates under pressure
01 February 2012
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[lgd]
[recovery ratings]
Moody’s Investors Service will undertake a reassessment of project finance ratings in the wake of a study of default rates over a 27-year period, which showed that recovery rates for project debt fall to levels comparable to those of senior secured corporate bank loans. The study analysed 3,533 projects, which received financing...
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