Market Commentaries   |   Aug 20, 2020

Downgrades & Defaults: Where are we this cycle for Corporates and COVID-19?

What has been the impacts of COVID-19 on the credit cycle? In this thought piece Miriam Legrand takes a closer look at how COVID-19 is influencing credits across corporate markets.

Covid-19 has wreaked havoc across the global markets. With broad parts of the economy remaining shut, the impact across industries has been widespread. We take a closer look at how this crisis is impacting the leverage profile, ratings trajectory, default rates and recoveries across the corporate market.