S&P Global Market Intelligence
Jim Peck spoke to S&P Global Market Intelligence about the decline of companies entering bankruptcy so far in 2021.
According to Jim, corporate bankruptcy filings in 2021 are significantly lower than expectations in light of the COVID-19 pandemic. Even as consumer-facing industries struggled under lockdown measures, low interest rates, government interventions on behalf of businesses and consumers, and flexible creditors are among the factors that could account for the lull in filings, he added.
“It was a timeout, if you will, from standard behavior either if you’re a debtor or a creditor,” James said, noting that he doesn’t think we’re going to see a huge spike in bankruptcies as the year progresses.
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