Not only would paper producer Verso Corp.’s expected bankruptcy filing be the largest in its sector since the 2011 NewPage Corp. filing, its debt holders could also be left with “weak recoveries”, Fitch Ratings said Wednesday. Verso warned of a potential bankruptcy in November 2015.

Memphis-based Verso and NewPage have ties to each other. In early 2015, Verso acquired Miamisburg, Ohio-based NewPage for $1.4 billion.

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