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The 6.0x median EV/EBITDA multiple assumption for the 354 recovery rating (RR) analyses completed for broadly syndicated loan (BSL) issuers with going-concern (GC) outcomes in this report was in line with the 6.0x median observed in Fitch Ratings’ July 2020 report. The median EV/EBITDA multiple assumption for the 241 RR analyses completed for middle market (MM) issuers with GC outcomes is 5 ...
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