Coronavirus fallout further weakens the credit quality of French companies
June 26th 2020 (7.31 mins)
Jeanine Arnold, Vincent Gusdorf and Eric Kang of the Corporates team discuss why the credit quality of French companies continues to deteriorate despite the end of lockdown.
Corporates – France: Credit quality to weaken further on economic fallout from coronavirus
We expect corporate credit quality will continue to deteriorate over the next 18 months. As companies emerge from a two-month lockdown, a recession will curb recovery in their earnings.