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The COVID-19 crisis has had a significant impact on the financial services industry. Some of the effects will be short-term, but a new report from Moody's identifies key long-term effects.
"We expect there will be far-reaching longer-term effects that will fundamentally reshape many aspects of the macroeconomy, business life and consumer behavior," says Stephen Tu, Vice President – Senior Credit Officer at Moody's Investors Service and author of the report. "Identifying the long-lasting impact of this experience will be paramount for credit analysis."
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Steve Salkin
Steve Salkin, Esq. is the Editor-in-Chief of ALM's Law Journal Newsletters. He can be reached at [email protected].
