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"these factors will likely result in a surge in defaults, with a default rate on nonfinancial corporates in the u.s that may rise above % and into the high single digits in europe over the next months," dimitrijevic wrote. where to watch for defaults she said the credit crunch will start in the industries
asset classes most impacted by the current situation, such as energy, airlines, transportation, leisure and gaming, hotels and restaurants, and retail. however, if the recession is prolonged and the economy does not experience a v-shaped recovery, dimitrijevic said the credit crunch could spread to other...
https://www.benzinga.com/analyst-ratings/analyst-color/20/03/15582319/s-p-sees-intense-credit-pressure-from-covid-19