Moody's: Firm-Wide Recovery Rates Approximately the Same for Private-Equity and Non-Private Equity Sponsored Companies, But Not all Debt Fares Equally
New York, November 16, 2016-- Companies with private-equity sponsors experience firm-wide recoveries at approximately the same rate as companies with no PE presence, says Moody's Investors Service in a new report. Firm-wide recovery rates average 56% for PE-backed companies, while companies with no PE sponsorship averaged 55%. One aspect that drives higher recoveries in both scenarios are the use of distressed exchanges and pre-packaged bankruptcies, with PE firms showing...
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