Bayesian deviance information criterion (DIC) favors the model with stochastic recovery over constant recovery. We also observe … that for companies with a good rating, implied constant recovery rates do not differ much from stochastic recovery. However …

Bayesian deviance information criterion (DIC) favors the model with stochastic recovery over constant recovery. We also observe … that for companies with a good rating, implied constant recovery rates do not differ much from stochastic recovery. However …

Bayesian deviance information criterion (DIC) favors the model with stochastic recovery over constant recovery. We also observe … that for companies with a good rating, implied constant recovery rates do not difier much from stochastic recovery. However …

Bayesian deviance information criterion (DIC) favors the model with stochastic recovery over constant recovery. We also observe … that for companies with a good rating, implied constant recovery rates do not differ much from stochastic recovery. However …