Storm Warning
Prepare for Rising Default Levels in 2022
S&P Global, Atradius, and Euler Hermes, three giants of the credit industry, are all forecasting a higher rate of business bankruptcy filings — ranging from a 15 percent to 33 percent increase — in 2022 compared to 2021. This is in large part attributable to the phase-out of Government stimulus, support, lending, and loan f…