Adjustments: The Risk Rating Response to Pandemic-Driven Economic Trends

Introduction: Risk Rating in the Current Environment

It is said that a rising tide lifts all boats. During the longest bull market in history that took place from March 2009 to March 2020, this was certainly true as most businesses were buoyed by the booming economy and seemingly endless expansion. Now, months into the COVID-19 pandemic-driven recession, everything has changed.