No. The FHR is a predictive, 12-month, forward facing metric that is directly associated with an estimated probability of default. Companies which are High Risk are at an elevated probability of defaulting, however default is still an exception case (most companies recover rather than default). Our data on ratings transitions shows how often companies recover from High Risk or Very High Risk ratings.
If we knew which companies were likely to recover to Low Risk, that's another way of saying they are less likely to default, so we'd avoid putting them in High Risk in the first place!