Financial Statements: Lessons Learned on Corporate Credit Risk

In yesterday's session, Sebnem Kalemli-Özcan (University of Maryland) and Atsi Sheth (Moody's) reflected on the benign outcomes so far from the COVID-19 pandemic shock in terms of corporate bankruptcies or zombification. This provided an update on the first-ever Financial Statements session in June 2020, when uncertainty was still very high near the start of the lockdown cycle.