01 / CREDIT MAP
See the risk behind the price
Bring leverage, liquidity, ratings, maturity pressure, seniority and catalysts into a single credit view.
Distressed debt intelligence
Turn uncertainty into an edge.
DistressEdge brings price, credit risk, recovery assumptions and timing into one decision surface—so investors can compare outcomes before committing capital.
Scenario-led analysis
Built for complex credit
Decision terminal
Illustrative data
BRASKEM 7.25% 2050
Senior unsecured · USD
43.2entry price
RatingCCC+
Net leverage8.4×
SenioritySenior
Recovery value52 / 100
Resolution time18 months
P&L / 100+13.6
MOIC1.31×
Annualized+20.0%
Built for credit investors, special-situations analysts and risk teams who need a view beyond headline yield.
One decision surface
From credit signal to investment outcome.
Replace fragmented spreadsheets, documents and mental math with a repeatable framework for stressed and distressed bonds.
02 / RECOVERY
Model what you may actually get back
Edit recovery, timing and interim cash flows instead of relying on a single opaque target.
03 / OUTCOMES
Translate assumptions into returns
Compare cash P&L, MOIC, annualized return and break-even recovery on the same basis.
04 / COMPARISON
Challenge the thesis before the market does
Place stress, base and upside cases side by side, weight their probabilities and make the downside visible.
The DistressEdge method
A disciplined path through uncertainty.
Every case follows the same decision chain, making assumptions explicit and outcomes comparable across issuers.
01PRICE
Start with the market
Price, yield, spread and the event already embedded in valuation.
02RISK
Map the credit
Liquidity runway, leverage, asset coverage and capital structure.
03RECOVERY
Build recoveries
Stress, base and upside values with timing and interim cash flows.
04SCENARIOS
Weight the outcomes
Probability-adjusted value, downside and sensitivity to assumptions.
05ACTION
Make the decision
Compare expected return against the risks that can break the thesis.
Designed for the hard cases
When yield stops telling the truth.
DistressEdge is built for securities where the path to payment matters as much as the promised coupon.
- Defaulted and deeply discounted bonds
- Liability-management and restructuring situations
- Event-driven repricing and refinancing pressure
- Complex credits with uncertain recovery timing
Market asksWhat is the yield?
DistressEdge asksWhat gets paid?
Market seesOne price
DistressEdge seesMultiple paths
OutputA headline metric
OutputA decision range
Private beta
Build the case. Test the downside. See the edge.
Open DistressEdge Terminal to explore issues, edit recovery assumptions and compare potential outcomes.