Over the past year, government stimulus has saved many companies from default during the COVID-19 pandemic. But as the economy recovers and government aid wanes, some companies won’t survive. Tim Weed discusses the challenges that lie ahead via S&P Global.
But as the economy recovers, more defaults could be on the horizon whenever the benefits of government aid wane and lenders become less lenient, experts said.
"There's going to be a day of reckoning," said Tim Weed, a partner at the professional services firm Plante Moran, in an interview.