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Isolux adds to paltry recoveries for CDS settlements

Thursday, August 25, 2016

Spanish borrower’s CDS auction brings sub 16% recoveries

TAGS: CDS

Comment by: Anonymous. Posted 7 years ago [2016-08-25 13:22:48]

Interesting - just as high default rates signify a weak economy, so do low recovery rates. Count this as one of the worthwhile lessons of the post-2008 world. Default rate and LGD are highly correlated.

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