Months of downgrades have taken their toll on credit quality.

This ‘Dire’ Economic Situation ‘Deserves to Be Called a Depression – a Pandemic Depression’

‘This situation is so dire that it deserves to be called a “depression”—a pandemic depression … It seems disrespectful to the many losing their jobs and shutting their businesses to use a lesser term to describe this affliction. ‘ — Economists Carmen Reinhart and Vincent Reinhart