Creditors who funded the United States’ shale boom are not in good shape to recover their invested funds, according to Moody’s Investors Service.Banks and private lenders have only gotten back $1 of every $5 they invested in companies that declared bankrupt in 2015, the credit rating agency reports, which analyzed 15 bankrupted energy companies with at least $100 million of debt, said. Creditors usually recover three times as much from defaulting debtors.Senior unsecured bondholders recovered just 6 cents for every dollar invested, according to World Oil.

Source: Oil And Gas Creditors Recover $1 Of Every $5 On Defaulted Debt | OilPrice.com