Rating |
Implied Recovery |
Description |
---|
RR1+ |
More than 150% |
Present value of expected recoveries is more than 150% of the face value of outstanding SRs |
RR1 |
More than 100% and up to 150% |
Range of present value of expected recoveries is more than 100% and up to 150% of the face value of outstanding SRs |
RR2 |
More than 75% and up to 100% |
Range of present value of expected recoveries is more than 75% and up to 100% of the face value of outstanding SRs |
RR3 |
More than 50% and up to 75% |
Range of present value of expected recoveries is more than 50% and up to 75% of the face value of outstanding SRs |
RR4 |
More than 25% and up to 50% |
Range of present value of expected recoveries is more than 25% and up to 50% of the face value of outstanding SRs |
RR5 |
Up to 25% |
Range of present value of expected recoveries is up to 25% of the face value of outstanding SRs |