Moorgate retweetledi

Great to see the word spreading. Defaults will happen, but GCD data shows banks' long-term average recoveries on large corporate debt are better than many may think at 76%. Thanks to @LiamWardProud for the citation
Reuters Breakingviews@Breakingviews
U.S. and European banks are bracing for a wave of Covid-related corporate defaults. But cheap money and supportive governments may leave their expectations looking too bleak, writes @LiamWardProud: bit.ly/3aZOi2w
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