Moody's launches LossCalc
Moody’s Risk Management Services (MRMS) claims that its latest product, LossCalc, is the first risk management tool to predict loss-given default (LGD) for investors in the event of a company’s bankruptcy.
LossCalc expresses the LGD as a percentage, and provides percentages for 10 different debt instruments, covering differing categories of seniority for corporate loans, bonds and preferred equity.
By multiplying LossCalc’s result by the probability of that company
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