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Covid-19: A Driver for a New Era of Credit Risk and Rating Systems

May 7, 2020

Via: Finextra

The emergence of Covid-19 in Wuhan, China last December began a prolonged assault on the most important areas of our lives – our health and our financial wellbeing. Both are intrinsically linked, as we appreciate all too well these days having to endure social isolation as we start to make plans for the transition and recovery periods. Health services across the world have been tested to their limits, heroically fighting the impact of this novel coronavirus. At the same time, banks and financial service providers have been fighting to keep the economy afloat and keep, more specifically, the SME sector, the engine of the economy, running.

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