Article
Credit risk in 2021: Prepare for more unknowns
An oil price war, the global COVID-19 pandemic, increased political and trade frictions, and a number of climate-related events certainly made 2020 a year of unprecedented challenges for credit risk managers.
Q&A
IFRS Phase 2 amendments Q&A: IBOR reform in the spotlight
In a recent webinar, Bloomberg spoke to Riana Wiesner, Technical Staff Member at the IASB, about what the IBOR amendments entail, the key changes they’ve implemented, and the resulting requirements.
Article
Market-implied credit risk metrics for a fast paced market
A relatively positive outlook for the transportation, retail, and energy sectors transformed into a series of red flags predicting a wave of defaults during the pandemic.
Q&A
CECL Q&A: Risk and accounting in unprecedented alignment
With deadlines to implement CECL standard ASC326 fast approaching, Bloomberg hosted a recent webinar to help answer questions as companies ramp up their readiness plans.
Article
Alternative credit perspectives for an uncertain world
A recent analysis of Bloomberg’s Default Risk (DRSK) models during the period of market dislocation caused by the pandemic showed interesting results.
News
Loan loss-accounting study punts on impact of pandemic lending
Coronavirus turmoil clouds assessment of new accounting.
News
KKR’s Sheldon expects high volatility in fragile credit markets
Junk bonds remain attractive, even in COVID-impacted sectors.
News
A $35 billion bite from U.S. bank profits may only be the start
Things are about to get ugly. But nobody knows how ugly.
News
European credit risk rises with weak results
Credit risk in Europe reversed early tightening after gloomy earnings highlighted the fragility of economic recovery during the pandemic.
Article
Fallen Angels: Growing numbers signal 2020 default spikes
Consensus credit data shows a growing number of companies are falling over the cliff edge, and although Fallen Angels are still in a minority, rates continue to rise in some sectors.