NEW YORK--(BUSINESS WIRE)--Fitch Ratings has published the second edition of Rating Asset-Backed Lending Facilities. This report reviews Fitch's methodologies in the recovery analysis of asset-based lending (ABL) facilities and compares results to actual bankruptcy outcomes. The first half of the report focuses on structural attributes of ABL and compares ABL and cash-flow (CF)-based lending. The second half focuses on the recovery analysis of the ABL facilities with summaries of cases from Fit
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