Are current credit spreads really capturing default risk?

In this Insight, SwissThink President Blaise Ganguin explores default and insolvency prospects for 2021 with the background of the pandemic. He emphasizes the importance for Chief Lending and Investment Officers to differentiate liquidity issues, supported by short term government measures, from longer term solvency prospects. This is an essential point discussed at length in SwissThink’s credit training seminars.