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recovery rating (Fitch Ratings: The Recovery Rating scale is based upon the expected relative recovery characteristics of an obligation upon the curing of a default, emergence from insolvency, bankruptcy or following a liquidation or termination of the obligor or its associated collateral. As such, while the definitions cite rough percentage bands of recovery given default to illustrate relative orders of magnitude, it is an ordinal scale, and does not attempt to precisely predict a given level of recovery. 'More) |
