Fitch: Overall Recovery Expectations for U.S. Leveraged Issuers Improve

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings has updated its Road to Recovery Ratings report, examining the key drivers of debt issue Recovery Rating (RR) estimates for U.S. Leveraged Finance issuers. The report deconstructs enterprise valuation (EV) analyses by separating the key input assumptions, including going-concern (GC) EBITDA estimates and EV multiples for hypothetical reorganization scenarios. Fitch analyzes the effects of capital structure and leverage on RRs for the debt instruments of

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