Post-Covid SME loans set to see lower losses

By Tom Brown
01 Dec 2020

Small business lenders may see fewer credit losses on their post-Covid SME loans, thanks to a big tightening in underwriting standards in the wake of the pandemic, said investors speaking on a panel at ABS East Virtual 2020.

“If you asked me where I actually thought losses that were originated June of this year forward will end up, I would actually say lower than [they would have been without] Covid-19,” said James Intermont, principal at Atalaya Capital Management, a private credit fund. “And that's really because ...

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