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2021 Q1 Credit Outlook Survey-IACPM News Release

Stimulus Flood Drives Away Fear of Default in North America; Latest IACPM Credit Outlook Survey Has Positive Risk Retention Result for First Time Since Covid Pandemic Began.

New York, NY – For the first time since the Coronavirus pandemic struck early last year, risk retention turned positive in the latest IACPM Credit Outlook survey, meaning credit portfolio managers are either increasing their risk exposures or at least not cutting them. The wall of liquidity flowing from the U.S. government’s $1.9 trillion stimulus program has chased away fears of rising corporate credit defaults in North America and has stabilized credit portfolios. In response, many financial institutions are increasing their risk exposure and are actively looking for new credit assets.