The highest recoveries on infrastructure debt default occurs in Africa, the Middle East and Eastern Europe, according to new data from Moody’s that shows which regions of the world have the highest and lowest default rates on infrastructure and other project finance debt investments.
Ultimate recovery refers to a loan default for which recoveries have been realized following emergence from default. Emergence from default occurs when overdue interest is repaid or with liquidation or restructuring with no subsequent default or lender being taken out of the deal after repaying the defaulted loan.
