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| Recovery Ratings: Exposing the Components of Credit Risk by Roger Merritt of Fitch Ratings, July 26, 2005 Summary: Fitch is launching its new recovery ratings (‘RR' ratings) and issuer default ratings (IDRs), following a commentary period that involved extensive feedback from investors and other market participants. The commentary period was extended to provide time to incorporate all of the market's feedback and respond to the analytical challenges of applying recovery ratings globally across all sectors. Having gathered this feedback, Fitch has begun the process of converting its issuer and issue ratings to reflect the new methodology. Download paper (80K PDF) 8 pages Related Reading: |
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