Senior secured 55%, Senior unsecured 38%, Sub 25%, Junior sub 18%
| source | Moody's Ultimate Recovery Database |
| derivation | published_source |
| quality | published |
| regulatory frameworks | NAIC RBC C1, Basel III IRB |
| set | 2026-05-25 |
| last reviewed | 2026-05-25 |
| next review due | 2026-06-30 |
Loss-given-default by capital-structure seniority; recovery is 1 - LGD.