CREDIT
Recovery Rate
Measures the fraction of a claim recovered after default or restructuring.
Formula
Recovery rate = Recovered value / Claim value
Variables: Recovered value; claim value
What it means
Measures the fraction of a claim recovered after default or restructuring.
Example
Recovering 40 on a 100 claim gives a 40% recovery rate.
How to interpret it
This concept should be read together with its market convention, measurement horizon and underlying instrument. BondStats presents it as an analytical reference rather than investment advice; instrument documentation and primary market rules remain authoritative.
Related Formulas
BondStats reference content is independently written. Mathematical relationships, abbreviations and market conventions are presented for educational and analytical use.