Distressed Securities
In today's volatile business climate, with increasing numbers of bond defaults and Chapter 11 bankruptcy filings, the market for distressed companies' debt and equity securities continues to capture the interest and imagination of the investment, legal, banking and advisory communities. Distressed Securities is a definitive guide to this market, providing proven strategies for bank debt, defaulted private trade debt, defaulted straight debt securities, and "fallen angels."
Table of Contents
Preface
Background of the Distressed Securities Market and Summary of Major Findings
Price Levels and Recovery Rates on Defaulted Securities
The Performance of Distressed Securities
Fallen Angels: Are They All Created Equal?
Default Rates and Fixed Income Performance
Outlook and Conclusion
Appendixes