Credit sentiment improves as corporates expect strong recovery
In the July issue of CREDI, the Main index increases from 33.7 to 40.4 as corporates have strong expectations of a near future recovery while the current situation is deemed gloomy by both banks and corporates.“This year’s second CREDI survey is heavily influenced by the ongoing pandemic as the Current Situation index is at 24.6 while the Expectations index is noticeably more positive at 56.3. Thus, it can be concluded that respondents expect a recovery in the near future while the current situation remains negative,” says Carl Wingmark, Partner at Catella. “Following the pandemic,